Bluestone Global (ASX:BUE) EBIT : A$-45.4 Mil (TTM As of Jun. 2013)

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What is Bluestone Global EBIT?

Bluestone Global's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2013 was A$-45.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was A$-45.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bluestone Global's annualized ROC % for the quarter that ended in Jun. 2013 was -53.06%. Bluestone Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was -541.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bluestone Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was -2,092.21%.

Bluestone Global EBIT Historical Data

The historical data trend for Bluestone Global'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.

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Bluestone Global EBIT Chart

Bluestone Global Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

EBIT

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-6.94

-1.53

-0.82

-21.09

-45.38

Bluestone Global Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
EBIT	Get a 7-Day Free Trial			-6.94	-1.53	-0.82	-21.09	-45.38

Competitive Comparison of Bluestone Global's EBIT

For the Staffing & Employment Services subindustry, Bluestone Global'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.

Bluestone Global's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bluestone Global's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bluestone Global's EV-to-EBIT falls into.

Bluestone Global 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2013 was A$-45.4 Mil.

Bluestone Global (ASX:BUE) EBIT Explanation

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

Bluestone Global's annualized ROC % for the quarter that ended in Jun. 2013 is calculated as:

	ROC % (Q: Jun. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2012 )	+	Invested Capital (Q: Jun. 2013 ))	/ count )
=	-45.391 * ( 1 - -0.03% )	/	( (107.226	+	63.933)	/ 2 )
=	-45.4046173	/	85.5795
=	-53.06 %

where

	Invested Capital		(Q: Jun. 2012 )
=	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	))
=	115.227	-	26.923	-	( 1.67	-	max(0, 78.779	-	59.857	+	1.67	))
=	107.226

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	63.264	-	16.453	-	( 1.219	-	max(0, 60	-	42.878	+	1.219	))
=	63.933

Note: The Operating Income data used here is one times the annual (Jun. 2013) data.

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

Bluestone Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2012		Q: Jun. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-45.38	/	( ( (9.608 + max(-29.209, 0))	+	(7.16 + max(-27.34, 0)) )	/	2 )
=	-45.38	/	( ( 9.608	+	7.16 )	/	2 )
=	-45.38	/	8.384
=	-541.27 %

where Working Capital is:

	Working Capital		(Q: Jun. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	2.321	+	11.591)	-	(26.923	+	0	+	16.198)
=	-29.209

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	1.296	+	12.351)	-	(16.453	+	0	+	24.534)
=	-27.34

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2013) EBIT data.

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

Bluestone Global's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2013 )
	=	-45.38	/	2.169
	=	-2,092.21 %

Bluestone Global EBIT Related Terms

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Bluestone Global (ASX:BUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bluestone Global ltd (ASX:BUE) » Definitions » EBIT

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Address

Website

http://www.bglcorporate.com

Bluestone Global Limited is a specialist labour hire, professional placement and international recruitment firm trading under three key brands: Bluestone Recruitment, ResCo Services and Bluestone International. The Group has core capabilities encompassing temporary, permanent and international recruitment with a focus on the skills and labour constrained industries, including energy (coal, oil & gas), resources, transport and logistics, information technology, health, aged care and financial services. The Company operates its business in three segments: labour hire segment, mining segment and international segment. The Labor Hire segment engages in the placement of temporary and permanent workers domestically and overseas. The Mining segment provides solutions to the resources sector including the delivery of skilled labour, operations of mining sites, maintenance of plant and equipment and the provision of critical spares and consumables. The International segment engages in placement of temporary and permanent workers in Australia, sourced internationally.

Bluestone Global (ASX:BUE) Headlines

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