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Discovery Metals (ASX:DML) EBIT : A$32.9 Mil (TTM As of Jun. 2014)


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What is Discovery Metals EBIT?

Discovery Metals's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was A$32.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was A$32.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Discovery Metals's annualized ROC % for the quarter that ended in Jun. 2014 was -16.37%. Discovery Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 16.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Discovery Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 269.19%.


Discovery Metals EBIT Historical Data

The historical data trend for Discovery Metals'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.

Discovery Metals EBIT Chart

Discovery Metals Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.42 -16.34 -20.18 -241.68 32.94

Discovery Metals Semi-Annual Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -5.42 -16.34 -20.18 -241.68 32.94

Competitive Comparison of Discovery Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Discovery Metals'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.


Discovery Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



Discovery Metals 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. 2014 was A$32.9 Mil.

* 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.


Discovery Metals  (ASX:DML) EBIT Explanation

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

Discovery Metals's annualized ROC % for the quarter that ended in Jun. 2014 is calculated as:

ROC % (Q: Jun. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2013 ) + Invested Capital (Q: Jun. 2014 ))/ count )
=-57.906 * ( 1 - 21.08% )/( (368.702 + 189.74)/ 2 )
=-45.6994152/279.221
=-16.37 %

where

Note: The Operating Income data used here is one times the annual (Jun. 2014) data.

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

Discovery Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2013  Q: Jun. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=32.941/( ( (202.331 + max(-14.772, 0)) + (187.03 + max(-14.945, 0)) )/ 2 )
=32.941/( ( 202.331 + 187.03 )/ 2 )
=32.941/194.6805
=16.92 %

where Working Capital is:

Working Capital(Q: Jun. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 15.904 + 0.76200000000001) - (29.419 + 0 + 2.019)
=-14.772

Working Capital(Q: Jun. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 12.828 + 1.47) - (27.7 + 0.041 + 1.502)
=-14.945

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2014) EBIT data.

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

Discovery Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2014 )
=32.941/12.237
=269.19 %

* 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.


Discovery Metals EBIT Related Terms

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Discovery Metals (ASX:DML) Business Description

Traded in Other Exchanges
N/A
Address
Discovery Metals Limited (DML) is incorporated in Australia. It is engaged in nickel and copper exploration company. The company focuses on the exploration and development on its two major projects in Botswana being the Maun Copper Project and the Dikoloti Nickel Project.

Discovery Metals (ASX:DML) Headlines

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