Minerco (Minerco) EBIT : $-1.52 Mil (TTM As of Apr. 2017)

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What is Minerco EBIT?

Minerco's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2017 was $-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was $-1.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Minerco's annualized ROC % for the quarter that ended in Apr. 2017 was -18.34%. Minerco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2017 was -31,040.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Minerco EBIT Historical Data

The historical data trend for Minerco'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.

Minerco EBIT Chart

Minerco Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

EBIT

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-1.96

-0.51

-0.37

-2.40

Minerco Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
EBIT	Get a 7-Day Free Trial															-0.50	-0.24	-0.40	-0.50	-0.39

Competitive Comparison of Minerco's EBIT

For the Farm Products subindustry, Minerco'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.

Minerco's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minerco's EV-to-EBIT distribution charts can be found below:

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

Minerco 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 Apr. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.52 Mil.

Minerco (OTCPK:MINE) EBIT Explanation

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

Minerco's annualized ROC % for the quarter that ended in Apr. 2017 is calculated as:

	ROC % (Q: Apr. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2017 )	+	Invested Capital (Q: Apr. 2017 ))	/ count )
=	-1.552 * ( 1 - 0% )	/	( (6.919	+	10.005)	/ 2 )
=	-1.552	/	8.462
=	-18.34 %

where

	Invested Capital		(Q: Jan. 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	))
=	0.302	-	1.784	-	( 0	-	max(0, 8.401	-	0	+	0	))
=	6.919

	Invested Capital		(Q: Apr. 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	))
=	0.3	-	1.991	-	( 0	-	max(0, 11.696	-	0	+	0	))
=	10.005

Note: The Operating Income data used here is four times the quarterly (Apr. 2017) data.

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

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

	ROC (Joel Greenblatt) %		(Q: Apr. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2017		Q: Apr. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.552	/	( ( (0.005 + max(-5.858, 0))	+	(0.005 + max(-9.151, 0)) )	/	2 )
=	-1.552	/	( ( 0.005	+	0.005 )	/	2 )
=	-1.552	/	0.005
=	-31,040.00 %

where Working Capital is:

	Working Capital		(Q: Jan. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(1.784	+	0	+	4.074)
=	-5.858

	Working Capital		(Q: Apr. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(1.991	+	0	+	7.16)
=	-9.151

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2017) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2017 )
	=	-1.523	/	0.000
	=	%

Minerco EBIT Related Terms

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