Australian Zircon NL (ASX:AZCCA) EBIT : A$-6.55 Mil (TTM As of Jun. 2015)

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What is Australian Zircon NL EBIT?

Australian Zircon NL's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2015 was A$-2.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was A$-6.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Australian Zircon NL's annualized ROC % for the quarter that ended in Jun. 2015 was -3.51%. Australian Zircon NL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was -23.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Australian Zircon NL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was -27.49%.

Australian Zircon NL EBIT Historical Data

The historical data trend for Australian Zircon NL's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Australian Zircon NL EBIT Chart

Australian Zircon NL Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

EBIT

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5.17

-0.95

-4.36

0.24

-6.55

Australian Zircon NL Semi-Annual Data
	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Jun10	Jun11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
EBIT	Get a 7-Day Free Trial															-5.17	-1.01	1.25	-4.41	-2.14

Competitive Comparison of Australian Zircon NL's EBIT

For the Other Industrial Metals & Mining subindustry, Australian Zircon NL's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Australian Zircon NL's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Australian Zircon NL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Australian Zircon NL's EV-to-EBIT falls into.

Australian Zircon NL EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-6.55 Mil.

Australian Zircon NL (ASX:AZCCA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Australian Zircon NL's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2014 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	-4.298 * ( 1 - 0% )	/	( (119.47	+	125.613)	/ 2 )
=	-4.298	/	122.5415
=	-3.51 %

where

	Invested Capital		(Q: Dec. 2014 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	18.472	-	0.14	-	( 0.496	-	max(0, 101.726	-	0.588	+	0.496	))
=	119.47

	Invested Capital		(Q: Jun. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	19.009	-	0.247	-	( 0.1	-	max(0, 107.123	-	0.272	+	0.1	))
=	125.613

Note: The Operating Income data used here is two times the semi-annual (Jun. 2015) data.

2. Joel Greenblatt's definition of Return on Capital:

Australian Zircon NL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2014		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.284	/	( ( (17.883 + max(-0.161, 0))	+	(18.737 + max(-0.259, 0)) )	/	2 )
=	-4.284	/	( ( 17.883	+	18.737 )	/	2 )
=	-4.284	/	18.31
=	-23.40 %

where Working Capital is:

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.14	+	0	+	0.021000000000001)
=	-0.161

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.247	+	0	+	0.012)
=	-0.259

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Australian Zircon NL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	-6.549	/	23.820
	=	-27.49 %

Australian Zircon NL EBIT Related Terms

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Australian Zircon NL (ASX:AZCCA) Business Description

Industry

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Address

Website

http://www.auzircon.com.au

Australian Zircon NL is incorporated in Australia and was founded in 1994. The Company is engaged in mineral sands exploration and mining business. The Company focuses on developing the WIM150 mineral sands project located in the Wimmera region of western Victoria. It also holds interest in the EL 5460 exploration tenement located in the Horsham region, Victoria.

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