Carabella Resources (ASX:CLR) EBIT : A$-8.98 Mil (TTM As of Jun. 2013)

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What is Carabella Resources EBIT?

Carabella Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2013 was A$-5.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was A$-8.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carabella Resources's annualized ROC % for the quarter that ended in Jun. 2013 was -23.24%. Carabella Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was -25.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carabella Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was -12.62%.

Carabella Resources EBIT Historical Data

The historical data trend for Carabella Resources'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.

Carabella Resources EBIT Chart

Carabella Resources Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

EBIT

-5.45

-7.97

-8.98

Carabella Resources Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
EBIT	Get a 7-Day Free Trial			-3.89	-3.39	-4.58	-3.79	-5.19

Competitive Comparison of Carabella Resources's EBIT

For the Coking Coal subindustry, Carabella Resources'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.

Carabella Resources's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Carabella Resources's EV-to-EBIT distribution charts can be found below:

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

Carabella Resources 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. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-8.98 Mil.

Carabella Resources (ASX:CLR) EBIT Explanation

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

Carabella Resources'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: Dec. 2012 )	+	Invested Capital (Q: Jun. 2013 ))	/ count )
=	-10.382 * ( 1 - 6.54% )	/	( (40.924	+	42.562)	/ 2 )
=	-9.7030172	/	41.743
=	-23.24 %

where

	Invested Capital		(Q: Dec. 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	))
=	56.484	-	2.198	-	( 15.442	-	max(0, 2.345	-	15.707	+	15.442	))
=	40.924

	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	))
=	53.242	-	1.1	-	( 10.186	-	max(0, 1.216	-	10.796	+	10.186	))
=	42.562

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

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

Carabella Resources'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: Dec. 2012		Q: Jun. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-10.382	/	( ( (39.513 + max(-2.345, 0))	+	(41.292 + max(-1.196, 0)) )	/	2 )
=	-10.382	/	( ( 39.513	+	41.292 )	/	2 )
=	-10.382	/	40.4025
=	-25.70 %

where Working Capital is:

	Working Capital		(Q: Dec. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2.198	+	0	+	0.147)
=	-2.345

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.02)	-	(1.1	+	0	+	0.116)
=	-1.196

When net working capital is negative, 0 is used.

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

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

Carabella Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2013 )
	=	-8.983	/	71.206
	=	-12.62 %

Carabella Resources EBIT Related Terms

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