Aquarius Platinum (Aquarius Platinum) EBIT : $-108.4 Mil (TTM As of Dec. 2015)

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What is Aquarius Platinum EBIT?

Aquarius Platinum's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2015 was $-76.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $-108.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aquarius Platinum's annualized ROC % for the quarter that ended in Dec. 2015 was -10.99%. Aquarius Platinum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was -100.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aquarius Platinum's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was -41.95%.

Aquarius Platinum EBIT Historical Data

The historical data trend for Aquarius Platinum'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.

Aquarius Platinum EBIT Chart

Aquarius Platinum Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

EBIT

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56.34

-160.46

-304.82

9.40

-80.10

Aquarius Platinum Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
EBIT	Get a 7-Day Free Trial															-11.46	20.86	-48.63	-31.47	-76.90

Competitive Comparison of Aquarius Platinum's EBIT

For the Other Industrial Metals & Mining subindustry, Aquarius Platinum'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.

Aquarius Platinum's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Aquarius Platinum 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-108.4 Mil.

Aquarius Platinum (OTCPK:AQPTY) EBIT Explanation

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

Aquarius Platinum's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

	ROC % (Q: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Dec. 2015 ))	/ count )
=	-47.478 * ( 1 - 8.73% )	/	( (489.555	+	299.247)	/ 2 )
=	-43.3331706	/	394.401
=	-10.99 %

where

	Invested Capital		(Q: Jun. 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	))
=	594.065	-	34.524	-	( 195.773	-	max(0, 163.481	-	233.467	+	195.773	))
=	489.555

	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	))
=	333.126	-	0	-	( 42.169	-	max(0, 36.026	-	69.905	+	42.169	))
=	299.247

Note: The Operating Income data used here is two times the semi-annual (Dec. 2015) data.

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

Aquarius Platinum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Dec. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-153.796	/	( ( (163.439 + max(-0.90699999999999, 0))	+	(142.248 + max(-8.29, 0)) )	/	2 )
=	-153.796	/	( ( 163.439	+	142.248 )	/	2 )
=	-153.796	/	152.8435
=	-100.62 %

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.062	+	8.463	+	4.169)	-	(34.524	+	0	+	4.077)
=	-0.90699999999999

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	27.736)	-	(0	+	0	+	36.026)
=	-8.29

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2015 )
	=	-108.364	/	258.310
	=	-41.95 %

Aquarius Platinum EBIT Related Terms

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Aquarius Platinum (Aquarius Platinum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aquarius Platinum Ltd (OTCPK:AQPTY) » Definitions » EBIT

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Address

Website

http://www.aquariusplatinum.com

Aquarius Platinum Ltd was incorporated in Bermuda as an exempted company and is subject to Bermudian law. The Company is a producer of the platinum group metals, which comprise platinum, palladium, rhodium, osmium, ruthenium and iridium. The Ruthenium and iridium are produced in smaller quantities as co-products, with the base metals nickel, copper and chrome produced as by-products. The Company's operations include Kroondal and Mimosa. The Kroondal is located up-dip of Amplat's Rustenburg Platinum Mine, exploits the UG2 reef in the Townlands and Kroondal ore bodies via five operating decline shafts to depths of up to 700m. The Mimosa is located on the Wedza sub-chamber of the southern portion of the Great Dyke in Zimbabwe.

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