Pan Asia (ASX:PZC) EBIT : A$-0.07 Mil (TTM As of Dec. 2017)

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What is Pan Asia EBIT?

Pan Asia's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2017 was A$-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2017 was A$-0.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pan Asia's annualized ROC % for the quarter that ended in Dec. 2017 was -1.84%. Pan Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -228.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pan Asia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -1.43%.

Pan Asia EBIT Historical Data

The historical data trend for Pan Asia'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.

Pan Asia EBIT Chart

Pan Asia Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

EBIT

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-1.24

-1.01

-0.66

-0.13

-0.07

Pan Asia Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
EBIT	Get a 7-Day Free Trial															-0.23	-0.03	-0.11	-0.04	-0.03

Competitive Comparison of Pan Asia's EBIT

For the Coking Coal subindustry, Pan Asia'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.

Pan Asia's EV-to-EBIT Distribution in the Steel Industry

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

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

Pan Asia 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 Dec. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.07 Mil.

Pan Asia (ASX:PZC) EBIT Explanation

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

Pan Asia's annualized ROC % for the quarter that ended in Dec. 2017 is calculated as:

	ROC % (Q: Dec. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2017 )	+	Invested Capital (Q: Dec. 2017 ))	/ count )
=	-0.08 * ( 1 - 0% )	/	( (4.391	+	4.324)	/ 2 )
=	-0.08	/	4.3575
=	-1.84 %

where

	Invested Capital		(Q: Jun. 2017 )
=	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	))
=	0.071	-	0.737	-	( 0.011	-	max(0, 5.091	-	0.034	+	0.011	))
=	4.391

	Invested Capital		(Q: Dec. 2017 )
=	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	))
=	0.117	-	0.85	-	( 0.044	-	max(0, 5.141	-	0.084	+	0.044	))
=	4.324

Note: The Operating Income data used here is two times the semi-annual (Dec. 2017) data.

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

Pan Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2017		Q: Dec. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.08	/	( ( (0.037 + max(-1.367, 0))	+	(0.033 + max(-5.072, 0)) )	/	2 )
=	-0.08	/	( ( 0.037	+	0.033 )	/	2 )
=	-0.08	/	0.035
=	-228.57 %

where Working Capital is:

	Working Capital		(Q: Jun. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.004	+	0	+	0.019)	-	(0.737	+	0	+	0.653)
=	-1.367

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.018	+	0	+	0.022)	-	(0.85	+	0	+	4.262)
=	-5.072

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2017) EBIT data.

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

Pan Asia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2017 )
	=	-0.072	/	5.037
	=	-1.43 %

Pan Asia EBIT Related Terms

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Pan Asia (ASX:PZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pan Asia Corp Ltd (ASX:PZC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

311-313 Hay Street, Subiaco, WA, AUS, 6008

Website

http://www.panasiacorp.com.au

Pan Asia Corp Ltd explores diversified energy resources mainly coal. The principal activities of the company are coal exploration and development in Indonesia. Its project includes PT Transcoal Minergy Project in South Kalimantan, Indonesia. Geographically the company operates in Australia and Indonesia.