Paragon Shipping (Paragon Shipping) EBIT : $-258.89 Mil (TTM As of Dec. 2016)

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What is Paragon Shipping EBIT?

Paragon Shipping's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2016 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $-258.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Paragon Shipping's annualized ROC % for the quarter that ended in Dec. 2016 was 0.00%. Paragon Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was 0.00%.

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

Paragon Shipping EBIT Historical Data

The historical data trend for Paragon Shipping'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.

Paragon Shipping EBIT Chart

Paragon Shipping Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

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-10.81

-9.51

-42.47

-258.89

27.59

Paragon Shipping Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Dec16
EBIT	Get a 7-Day Free Trial															-6.75	-70.65	-9.74	-171.74	-

Competitive Comparison of Paragon Shipping's EBIT

For the Marine Shipping subindustry, Paragon Shipping'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.

Paragon Shipping's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Paragon Shipping's EV-to-EBIT distribution charts can be found below:

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

Paragon Shipping 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-258.89 Mil.

Paragon Shipping (OTCPK:PRGNF) EBIT Explanation

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

Paragon Shipping's annualized ROC % for the quarter that ended in Dec. 2016 is calculated as:

	ROC % (Q: Dec. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2015 )	+	Invested Capital (Q: Dec. 2016 ))	/ count )
=	0 * ( 1 - 0% )	/	( (229.951	+	16.787)	/ 2 )
=	0	/	123.369
=	0.00 %

where

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	107.241	-	7.515	-	( 0	-	max(0, 152.429	-	22.204	+	0	))
=	229.951

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	0.716	-	2.725	-	( 0.331	-	max(0, 19.3	-	0.504	+	0.331	))
=	16.787

Note: The Operating Income data used here is four times the quarterly (Dec. 2016) data.

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

Paragon Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2015		Q: Dec. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (85.021 + max(-33.846, 0))	+	(0.195 + max(-2.611, 0)) )	/	2 )
=	0	/	( ( 85.021	+	0.195 )	/	2 )
=	0	/	42.608
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.883	+	1.261	+	17.352)	-	(7.515	+	0.222	+	47.605)
=	-33.846

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.024	+	0	+	0.09)	-	(2.725	+	0	+	0)
=	-2.611

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2016 )
	=	-258.889	/	0.000
	=	%

Paragon Shipping EBIT Related Terms

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Paragon Shipping (Paragon Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Paragon Shipping Inc (OTCPK:PRGNF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Karamanli Avenue, Voula, GRC, 166 73

Website

http://www.paragonship.com

Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.

Paragon Shipping (Paragon Shipping) Headlines

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