Sinovus Mining (ASX:SNV) EBIT: A$-0.08 Mil (TTM As of Dec. 2015)


What is Sinovus Mining EBIT?

Sinovus Mining ASX:SNV EBIT is A$-0.08 Mil as of Dec. 2015. The stock has 4 warning signs investors should review.

Sinovus Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2015 was A$0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was A$-0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sinovus Mining's annualized ROC % for the quarter that ended in Dec. 2015 was -26.97%. Sinovus Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sinovus Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was -3.43%.

Sinovus Mining  (ASX:SNV) EBIT Explanation

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

Sinovus Mining's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

ROC % (Q: Dec. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2015 ) + Invested Capital (Q: Dec. 2015 ))/ count )
=-0.54 * ( 1 - 0% )/( (2.143 + 1.862)/ 2 )
=-0.54/2.0025
=-26.97 %

where

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))
=1.888 - 0.239 - ( 0.004 - max(0, 0.519 - 0.025+0.004))
=2.143

Invested Capital(Q: Dec. 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))
=1.877 - 0.737 - ( 0.001 - max(0, 0.737 - 0.015+0.001))
=1.862

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

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

Sinovus Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2015  Q: Dec. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.19/( ( (0 + max(-0.505, 0)) + (0 + max(-0.723, 0)) )/ 2 )
=0.19/( ( 0 + 0 )/ 2 )
=0.19/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.014) - (0.239 + 0 + 0.28)
=-0.505

Working Capital(Q: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.014 + 0 + 0) - (0.737 + 0 + 0)
=-0.723

When net working capital is negative, 0 is used.

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

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

Sinovus Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2015 )
=-0.081/2.360
=-3.43 %

* 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.

Sinovus Mining EBIT Related Terms

Sinovus Mining EBIT Historical Data

* Premium members only.

The historical data trend for Sinovus Mining'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.

Sinovus Mining EBIT Chart

Sinovus Mining Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
EBIT
Get a 7-Day Free Trial Premium Member Only -10.18 -0.20 -0.22 -0.52 -0.08

Sinovus Mining Semi-Annual Data
Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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 -0.26 -0.28 -0.24 0.10 -0.18

Sinovus Mining EBIT Competitor Comparison

For the Copper subindustry, Sinovus Mining'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.

Sinovus Mining EV-to-EBIT vs Metals & Mining Industry

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

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


Sinovus Mining 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.08 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$-0.08 Mil mean?
Sinovus Mining (ASX:SNV) has a EBIT of A$-0.08 Mil as of Dec. 2015. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Sinovus Mining.
Is Sinovus Mining's EBIT too high?
Sinovus Mining's current EBIT is A$-0.08 Mil.
How does Sinovus Mining's EBIT compare to competitors?
Sinovus Mining's EBIT of A$-0.08 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 Sinovus Mining. Sinovus Mining's current EBIT is A$-0.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinovus Mining stock overvalued right now?
Sinovus Mining (ASX:SNV) has a current EBIT of A$-0.08 Mil. The current EBIT is A$-0.08 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Sinovus Mining (ASX:SNV), the current EBIT is A$-0.08 Mil as of Dec. 2015. 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.

Sinovus Mining Business Description

Address 32 Martin Place, Level 10, Sydney, NSW, AUS, 2000
Sinovus Mining Ltd is a mineral resource company. It engaged in developing its gold assets in the Heilongjiang region of north-eastern China. The Company's main projects include: Xiangguang Silver Project, Laogouxi Gold Project, YangShan Coal Mine and Paltar Petroleum Limited.