Pan Asia (ASX:PZC) EBIT: A$-0.07 Mil (TTM As of Dec. 2017)

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What is Pan Asia EBIT?

Pan Asia ASX:PZC EBIT is A$-0.07 Mil as of Dec. 2017. The stock has 2 warning signs investors should review.

Pan Asia's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2017 was A$-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2017 was A$-0.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pan Asia's annualized ROC % for the quarter that ended in Dec. 2017 was -1.84%. Pan Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -228.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pan Asia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -1.43%.

Pan Asia  (ASX:PZC) EBIT Explanation

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

Pan Asia's annualized ROC % for the quarter that ended in Dec. 2017 is calculated as:

ROC % (Q: Dec. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2017 ) + Invested Capital (Q: Dec. 2017 ))/ count )
=-0.08 * ( 1 - 0% )/( (4.391 + 4.324)/ 2 )
=-0.08/4.3575
=-1.84 %

where

Invested Capital(Q: Jun. 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))
=0.071 - 0.737 - ( 0.011 - max(0, 5.091 - 0.034+0.011))
=4.391

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))
=0.117 - 0.85 - ( 0.044 - max(0, 5.141 - 0.084+0.044))
=4.324

Note: The Operating Income data used here is two times the semi-annual (Dec. 2017) data.

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

Pan Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2017  Q: Dec. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.08/( ( (0.037 + max(-1.367, 0)) + (0.033 + max(-5.072, 0)) )/ 2 )
=-0.08/( ( 0.037 + 0.033 )/ 2 )
=-0.08/0.035
=-228.57 %

where Working Capital is:

Working Capital(Q: Jun. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.004 + 0 + 0.019) - (0.737 + 0 + 0.653)
=-1.367

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.018 + 0 + 0.022) - (0.85 + 0 + 4.262)
=-5.072

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2017) EBIT data.

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

Pan Asia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2017 )
=-0.072/5.037
=-1.43 %

* 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.

Pan Asia EBIT Related Terms

Pan Asia EBIT Historical Data

* Premium members only.

The historical data trend for Pan Asia'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.

Pan Asia EBIT Chart

Pan Asia Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.24 -1.01 -0.66 -0.13 -0.07

Pan Asia Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.23 -0.03 -0.11 -0.04 -0.03

Pan Asia EBIT Competitor Comparison

For the Coking Coal subindustry, Pan Asia'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.

Pan Asia EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, Pan Asia's EV-to-EBIT distribution charts can be found below:

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


Pan Asia 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.07 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$-0.07 Mil mean?
Pan Asia (ASX:PZC) has a EBIT of A$-0.07 Mil as of Dec. 2017. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pan Asia.
Is Pan Asia's EBIT too high?
Pan Asia's current EBIT is A$-0.07 Mil.
How does Pan Asia's EBIT compare to competitors?
Pan Asia's EBIT of A$-0.07 Mil can be compared against companies in the Steel 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 Steel company?
A good EBIT depends on the Steel 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 Pan Asia. Pan Asia's current EBIT is A$-0.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Asia stock overvalued right now?
Pan Asia (ASX:PZC) has a current EBIT of A$-0.07 Mil. The current EBIT is A$-0.07 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Pan Asia (ASX:PZC), the current EBIT is A$-0.07 Mil as of Dec. 2017. 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.

Pan Asia Business Description

Address 311-313 Hay Street, Subiaco, WA, AUS, 6008
Pan Asia Corp Ltd explores diversified energy resources mainly coal. The principal activities of the company are coal exploration and development in Indonesia. Its project includes PT Transcoal Minergy Project in South Kalimantan, Indonesia. Geographically the company operates in Australia and Indonesia.