Energy Developments (ASX:ENE) EBIT : A$127.3 Mil (TTM As of Jun. 2015)

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What is Energy Developments EBIT?

Energy Developments's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2015 was A$76.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was A$127.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Energy Developments's annualized ROC % for the quarter that ended in Jun. 2015 was 10.23%. Energy Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 18.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Energy Developments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 6.91%.

Energy Developments EBIT Historical Data

The historical data trend for Energy Developments'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.

Energy Developments EBIT Chart

Energy Developments Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

EBIT

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8.20

52.80

108.94

98.06

127.32

Energy Developments Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
EBIT	Get a 7-Day Free Trial															57.10	39.32	58.75	51.20	76.12

Competitive Comparison of Energy Developments's EBIT

For the Utilities - Regulated Electric subindustry, Energy Developments'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.

Energy Developments's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energy Developments's EV-to-EBIT distribution charts can be found below:

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

Energy Developments 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$127.3 Mil.

Energy Developments (ASX:ENE) EBIT Explanation

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

Energy Developments's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2014 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	144.688 * ( 1 - 31.96% )	/	( (971.024	+	954.079)	/ 2 )
=	98.4457152	/	962.5515
=	10.23 %

where

	Invested Capital		(Q: Dec. 2014 )
=	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	))
=	1066.595	-	55.361	-	( 40.21	-	max(0, 87.96	-	155.824	+	40.21	))
=	971.024

	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	))
=	1045.237	-	50.281	-	( 40.877	-	max(0, 99.34	-	143.997	+	40.877	))
=	954.079

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

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

Energy Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2014		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	152.24	/	( ( (806.229 + max(-36.569, 0))	+	(802.916 + max(-34.31, 0)) )	/	2 )
=	152.24	/	( ( 806.229	+	802.916 )	/	2 )
=	152.24	/	804.5725
=	18.92 %

where Working Capital is:

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	18.122	+	28.968)	-	(55.361	+	8.389	+	19.909)
=	-36.569

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	18.819	+	29.643)	-	(50.281	+	13.081	+	19.41)
=	-34.31

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	127.321	/	1843.704
	=	6.91 %

Energy Developments EBIT Related Terms

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Energy Developments (ASX:ENE) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.energydevelopments.com

Energy Developments Limited is an provider of low emissions, renewable and remote energy. It is involved in project development, finance, design, operation and maintenance of international power generating and energy delivery projects.

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