AMXXF (Amex Resources) EBIT : $-14.07 Mil (TTM As of Dec. 2016)

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What is Amex Resources EBIT?

Amex Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2016 was $-5.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $-14.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Amex Resources's annualized ROC % for the quarter that ended in Dec. 2016 was -21.23%. Amex Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was -67.46%.

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

Amex Resources EBIT Historical Data

The historical data trend for Amex 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.

Amex Resources EBIT Chart

Amex Resources Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

EBIT

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-1.64

-4.82

-15.48

-14.82

-13.56

Amex Resources Semi-Annual Data
	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
EBIT	Get a 7-Day Free Trial														-13.69	-2.02	-5.08	-8.37	-5.70

Competitive Comparison of Amex Resources's EBIT

For the Copper subindustry, Amex 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.

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

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

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

Amex 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 Dec. 2016 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-14.07 Mil.

Amex Resources (OTCPK:AMXXF) EBIT Explanation

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

Amex Resources'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: Jun. 2016 )	+	Invested Capital (Q: Dec. 2016 ))	/ count )
=	-11.4 * ( 1 - 0% )	/	( (50.002	+	57.389)	/ 2 )
=	-11.4	/	53.6955
=	-21.23 %

where

	Invested Capital		(Q: Jun. 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	))
=	24.143	-	0.295	-	( 2.449	-	max(0, 30.215	-	4.061	+	2.449	))
=	50.002

	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	))
=	26.099	-	5.533	-	( 0.765	-	max(0, 37.63	-	0.807	+	0.765	))
=	57.389

Note: The Operating Income data used here is two times the semi-annual (Dec. 2016) data.

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

Amex Resources'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: Jun. 2016		Q: Dec. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.4	/	( ( (7.227 + max(1.278, 0))	+	(25.292 + max(-5.492, 0)) )	/	2 )
=	-11.4	/	( ( 8.505	+	25.292 )	/	2 )
=	-11.4	/	16.8985
=	-67.46 %

where Working Capital is:

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.574)	-	(0.295	+	0	+	0.00099999999999767)
=	1.278

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.041)	-	(5.533	+	0	+	0)
=	-5.492

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2016 )
	=	-14.069	/	0.000
	=	%

Amex Resources EBIT Related Terms

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Amex Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amex Resources Ltd (OTCPK:AMXXF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.amex.net.au

Amex Resources Ltd is focused on gold and base metals exploration. The company's tenements are located within Western Australia with the majority of the portfolio situated in the Eastern Goldfields. The company has 100% ownership of 8 exploration projects and aims to upgrade its core assets through continual geological reviews.

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