Breakaway Resources Limited (ASX:BRW) EBIT : A$-1.87 Mil (TTM As of Jun. 2013)

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What is Breakaway Resources Limited EBIT?

Breakaway Resources Limited's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2013 was A$-0.77 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was A$-1.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Breakaway Resources Limited's annualized ROC % for the quarter that ended in Jun. 2013 was 638.93%. Breakaway Resources Limited's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was -2,946.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Breakaway Resources Limited's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was -39.18%.

Breakaway Resources Limited EBIT Historical Data

The historical data trend for Breakaway Resources Limited'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.

Breakaway Resources Limited EBIT Chart

Breakaway Resources Limited Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

EBIT

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-7.02

-18.62

-4.13

-3.78

-1.87

Breakaway Resources Limited Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
EBIT	Get a 7-Day Free Trial															-2.51	-2.30	-1.48	-1.11	-0.77

Competitive Comparison of Breakaway Resources Limited's EBIT

For the Gold subindustry, Breakaway Resources Limited'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.

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

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

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

Breakaway Resources Limited 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 semi-annually data reported by the company within the most recent 12 months, which was A$-1.87 Mil.

Breakaway Resources Limited (ASX:BRW) EBIT Explanation

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

Breakaway Resources Limited'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 )
=	-1.532 * ( 1 - 241.8% )	/	( (0.232	+	0.448)	/ 2 )
=	2.172376	/	0.34
=	638.93 %

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	))
=	1.518	-	0.324	-	( 1.27	-	max(0, 0.349	-	1.311	+	1.27	))
=	0.232

	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	))
=	1.353	-	0.338	-	( 0.567	-	max(0, 0.36	-	1.189	+	0.567	))
=	0.448

Note: The Operating Income data used here is two times the semi-annual (Jun. 2013) data.

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

Breakaway Resources Limited'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 )
=	-1.532	/	( ( (0.06 + max(-0.349, 0))	+	(0.044 + max(-0.361, 0)) )	/	2 )
=	-1.532	/	( ( 0.06	+	0.044 )	/	2 )
=	-1.532	/	0.052
=	-2,946.15 %

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)	-	(0.324	+	0	+	0.025)
=	-0.349

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.00099999999999989)	-	(0.338	+	0	+	0.022)
=	-0.361

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2013 )
	=	-1.874	/	4.783
	=	-39.18 %

Breakaway Resources Limited EBIT Related Terms

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Breakaway Resources Limited (ASX:BRW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Breakaway Resources Limited (ASX:BRW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.breakawayresources.com.au

Breakaway Resources Limited (BRW, formerly Amalg Resources NL) is an exploration company, with gold, nickel and base metal projects located in WA and QLD.