Orinoco Gold (ASX:OGX) EBIT: A$-39.58 Mil (TTM As of Jun. 2018)


What is Orinoco Gold EBIT?

Orinoco Gold ASX:OGX EBIT is A$-39.58 Mil as of Jun. 2018. The stock has 3 warning signs investors should review.

Orinoco Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2018 was A$-19.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2018 was A$-39.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Orinoco Gold's annualized ROC % for the quarter that ended in Jun. 2018 was -18.81%. Orinoco Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was -165.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Orinoco Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was -331.42%.

Orinoco Gold  (ASX:OGX) EBIT Explanation

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

Orinoco Gold's annualized ROC % for the quarter that ended in Jun. 2018 is calculated as:

ROC % (Q: Jun. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2017 ) + Invested Capital (Q: Jun. 2018 ))/ count )
=-6.682 * ( 1 - 0% )/( (42.645 + 28.389)/ 2 )
=-6.682/35.517
=-18.81 %

where

Invested Capital(Q: Dec. 2017 )
=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))
=35.769 - 10.797 - ( 3.479 - max(0, 22.485 - 4.812+3.479))
=42.645

Invested Capital(Q: Jun. 2018 )
=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))
=21.295 - 5.271 - ( 3.013 - max(0, 16.504 - 4.139+3.013))
=28.389

Note: The Operating Income data used here is two times the semi-annual (Jun. 2018) data.

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

Orinoco Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2017  Q: Jun. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-39.664/( ( (30.87 + max(-21.628, 0)) + (17.151 + max(-4.695, 0)) )/ 2 )
=-39.664/( ( 30.87 + 17.151 )/ 2 )
=-39.664/24.0105
=-165.19 %

where Working Capital is:

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.007 + 0.676 + 0.174) - (10.797 + 0 + 11.688)
=-21.628

Working Capital(Q: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.434 + 0.59 + 0.102) - (5.271 + 0 + 0.55)
=-4.695

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2018) EBIT data.

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

Orinoco Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2018 )
=-39.578/11.942
=-331.42 %

* 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.

Orinoco Gold EBIT Related Terms

Orinoco Gold EBIT Historical Data

* Premium members only.

The historical data trend for Orinoco Gold'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.

Orinoco Gold EBIT Chart

Orinoco Gold Annual Data
Trend Jun12 Jun13 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial -4.03 -7.55 -14.83 -9.37 -39.58

Orinoco Gold Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.03 -3.36 -6.01 -19.83 -19.75

ASX:OGX vs LSMG: EBIT Comparison

For the Other Industrial Metals & Mining subindustry, Orinoco Gold'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.

Orinoco Gold EV-to-EBIT vs Metals & Mining Industry

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

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


Orinoco Gold 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. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-39.58 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of A$-39.58 Mil mean?
Orinoco Gold (ASX:OGX) has a EBIT of A$-39.58 Mil as of Jun. 2018. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Orinoco Gold.
Is Orinoco Gold's EBIT too high?
Orinoco Gold's current EBIT is A$-39.58 Mil.
How does Orinoco Gold's EBIT compare to LSMG?
Orinoco Gold's EBIT of A$-39.58 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Orinoco Gold. Orinoco Gold's current EBIT is A$-39.58 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinoco Gold stock overvalued right now?
Orinoco Gold (ASX:OGX) has a current EBIT of A$-39.58 Mil. The current EBIT is A$-39.58 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Orinoco Gold (ASX:OGX), the current EBIT is A$-39.58 Mil as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Orinoco Gold Business Description

Address 9/448 Roberts Road, Subiaco, WA, AUS, 6008
Orinoco Gold Ltd is a Brazilian-focused gold company. It is focussed on mining the Cascavel gold mine as well as unlocking the Faina Goldfields Project (Faina Project) located in the central Brazilian State of Goias. The company's segments include Gold and All Other. The Faina Project consists of a large tenement package of over 50 tenements that encompass the key Cascavel, Sertao and Tinteiro Projects, as well as numerous advanced gold exploration targets including Espanola, Elisio, Antenna, and Xupe.