Avocet Resources (FRA:U3O) EBIT : €-2.04 Mil (TTM As of Jun. 2013)

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What is Avocet Resources EBIT?

Avocet Resources's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2013 was €0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was €-2.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avocet Resources's annualized ROC % for the quarter that ended in Jun. 2013 was 6.61%. Avocet Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 314.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avocet Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was -1,681.82%.

Avocet Resources EBIT Historical Data

The historical data trend for Avocet 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.

Avocet Resources EBIT Chart

Avocet Resources Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

EBIT

Get a 7-Day Free Trial

-1.12

-0.89

-0.75

-0.56

-2.14

Avocet Resources Quarterly Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
EBIT	Get a 7-Day Free Trial									3.19	-0.60	-1.52	-2.26	0.23

Competitive Comparison of Avocet Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Avocet 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.

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

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

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

Avocet 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 quarterly data reported by the company within the most recent 12 months, which was €-2.04 Mil.

Avocet Resources (FRA:U3O) EBIT Explanation

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

Avocet 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 )
=	0.9 * ( 1 - 0% )	/	( (3.124	+	24.105)	/ 2 )
=	0.9	/	13.6145
=	6.61 %

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	))
=	6.263	-	0.118	-	( 3.117	-	max(0, 0.174	-	3.195	+	3.117	))
=	3.124

	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	))
=	34.333	-	0.593	-	( 10.019	-	max(0, 0.618	-	10.253	+	10.019	))
=	24.105

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

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

Avocet 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 )
=	0.9	/	( ( (0.035 + max(-0.153, 0))	+	(0.538 + max(-0.594, 0)) )	/	2 )
=	0.9	/	( ( 0.035	+	0.538 )	/	2 )
=	0.9	/	0.2865
=	314.14 %

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	+	0.021)	-	(0.118	+	0	+	0.056)
=	-0.153

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.023999999999999)	-	(0.593	+	0	+	0.025)
=	-0.594

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2013 )
	=	-2.035	/	0.121
	=	-1,681.82 %

Avocet Resources EBIT Related Terms

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Avocet Resources (FRA:U3O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avocet Resources Ltd (FRA:U3O) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.U308.com.au

Avocet Resources Ltd is a uranium exploration company with projects in Western Australia, Queensland and South Australia. The Company holds a portfolio with 25 tenements in Western Australia, one in South Australia and a further five in Queensland.

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