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Forge Group (ASX:FGE) EBIT : A$95 Mil (TTM As of Jun. 2013)


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What is Forge Group EBIT?

Forge Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2013 was A$95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was A$95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forge Group's annualized ROC % for the quarter that ended in Jun. 2013 was 39.39%. Forge Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 136.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forge Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 120.39%.

Forge Group EBIT Historical Data

The historical data trend for Forge Group'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.

Forge Group EBIT Chart

Forge Group Annual Data
Trend Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
EBIT
Get a 7-Day Free Trial 17.50 41.08 57.46 72.93 94.93

Forge Group Semi-Annual Data
Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
EBIT Get a 7-Day Free Trial 17.50 41.08 57.46 72.93 94.93

Competitive Comparison of Forge Group's EBIT

For the Engineering & Construction subindustry, Forge Group'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.

Forge Group's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forge Group's EV-to-EBIT distribution charts can be found below:

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


Forge Group 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2013 was A$95 Mil.

* 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.

Forge Group  (ASX:FGE) EBIT Explanation

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

Forge Group'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: Jun. 2012 ) + Invested Capital (Q: Jun. 2013 ))/ count )
=86.745 * ( 1 - 30.17% )/( (156.357 + 151.166)/ 2 )
=60.5740335/153.7615
=39.39 %

where

Invested Capital(Q: Jun. 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))
=478.401 - 258.586 - ( 137.851 - max(0, 285.095 - 348.553+137.851))
=156.357

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))
=464.21 - 219.568 - ( 93.476 - max(0, 234.677 - 331.316+93.476))
=151.166

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

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

Forge Group'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: Jun. 2012  Q: Jun. 2013
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=94.925/( ( (67.736 + max(-262.743, 0)) + (71.546 + max(-68.952, 0)) )/ 2 )
=94.925/( ( 67.736 + 71.546 )/ 2 )
=94.925/69.641
=136.31 %

where Working Capital is:

Working Capital(Q: Jun. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 11.331 + 2.287) - (258.586 + 8.367 + 9.408)
=-262.743

Working Capital(Q: Jun. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 150.491 + 4.095) - (219.568 + 0 + 3.97)
=-68.952

When net working capital is negative, 0 is used.

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

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

Forge Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2013 )
=94.925/78.845
=120.39 %

* 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.

Forge Group EBIT Related Terms

Thank you for viewing the detailed overview of Forge Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Forge Group (ASX:FGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forge Group Ltd (ASX:FGE) » Definitions » EBIT
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Traded in Other Exchanges
N/A
Address
Website
http://www.forgegroup.com.au
Forge Group Ltd provides construction, commercial building, engineering, maintenance and workshop fabrication services. Its operations are segmented into four areas - Minerals & Resources, Power, Construction and Asset Management. The Minerals & Resources segment provides a wide range of engineering, design and construction services for the mining and metals sector. The Power segment provides turnkey power generation solutions to the energy and utilities sectors. The Construction segment offers a suite of construction services that covers all disciplines including heavy civil, structural, mechanical, piping, tanks, electrical, instrumentation, and building. Further, the Asset Management segment offers various asset management services. The Company has operational footprints across Australia, North America, Africa and Asia.

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