Touchstone Gold (FRA:T03) EBIT : €-0.59 Mil (TTM As of Jun. 2014)

View and export this data going back to . Start your Free Trial

What is Touchstone Gold EBIT?

Touchstone Gold's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2014 was €1.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was €-0.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Touchstone Gold's annualized ROC % for the quarter that ended in Jun. 2014 was 2,223.18%. Touchstone Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Touchstone Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was -147.76%.

Touchstone Gold EBIT Historical Data

The historical data trend for Touchstone Gold'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.

Touchstone Gold EBIT Chart

Touchstone Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

-0.53

-0.12

-7.14

-7.83

-13.88

Touchstone Gold Quarterly Data
	Dec09	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Jun14
EBIT	Get a 7-Day Free Trial							-1.14	-11.63	-0.37	-1.54	1.32

Competitive Comparison of Touchstone Gold's EBIT

For the Gold subindustry, Touchstone Gold'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.

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

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

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

Touchstone Gold 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.59 Mil.

Touchstone Gold (FRA:T03) EBIT Explanation

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

Touchstone Gold'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: Dec. 2013 )	+	Invested Capital (Q: Jun. 2014 ))	/ count )
=	4.124 * ( 1 - 0% )	/	( (0.083	+	0.288)	/ 2 )
=	4.124	/	0.1855
=	2,223.18 %

where

	Invested Capital		(Q: Dec. 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	))
=	0.151	-	0.378	-	( 0.126	-	max(0, 0.461	-	0.151	+	0.126	))
=	0.083

	Invested Capital		(Q: Jun. 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	))
=	1.218	-	0.33	-	( 0.8	-	max(0, 0.428	-	1.028	+	0.8	))
=	0.288

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

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

Touchstone Gold'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: Dec. 2013		Q: Jun. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.264	/	( ( (0 + max(-0.436, 0))	+	(0 + max(-0.2, 0)) )	/	2 )
=	5.264	/	( ( 0	+	0 )	/	2 )
=	5.264	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.026	+	0	+	-0.001)	-	(0.378	+	0	+	0.083)
=	-0.436

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.228	+	0	+	0)	-	(0.33	+	0	+	0.098)
=	-0.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

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

Touchstone Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2014 )
	=	-0.594	/	0.402
	=	-147.76 %

Touchstone Gold EBIT Related Terms

Thank you for viewing the detailed overview of Touchstone Gold's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Touchstone Gold (FRA:T03) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Touchstone Gold Ltd (FRA:T03) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.touchstonegold.com

Touchstone Gold Ltd was incorporated under the Laws of the British Virgin Islands on June 29, 2009. The Company, along with its wholly-owned subsidiaries, is an exploration stage company engaged in the exploration and development of gold properties in Colombia. The Company's project portfolio comprises of Segovia Gold Project and Santa Rosa Project.

Touchstone Gold (FRA:T03) Headlines

No Headlines