WDS (ASX:WDS) EBIT : A$-9.2 Mil (TTM As of Dec. 2014)

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What is WDS EBIT?

WDS's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2014 was A$-18.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2014 was A$-9.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WDS's annualized ROC % for the quarter that ended in Dec. 2014 was -16.57%. WDS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -61.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WDS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -60.72%.

WDS EBIT Historical Data

The historical data trend for WDS'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.

WDS EBIT Chart

WDS Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

EBIT

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-9.29

11.87

15.79

13.28

20.41

WDS Semi-Annual Data
	Jun06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
EBIT	Get a 7-Day Free Trial												5.80	7.48	11.16	9.25	-18.48

Competitive Comparison of WDS's EBIT

For the Engineering & Construction subindustry, WDS'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.

WDS's EV-to-EBIT Distribution in the Construction Industry

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

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

WDS 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-9.2 Mil.

WDS (ASX:WDS) EBIT Explanation

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

WDS's annualized ROC % for the quarter that ended in Dec. 2014 is calculated as:

	ROC % (Q: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2014 )	+	Invested Capital (Q: Dec. 2014 ))	/ count )
=	-36.96 * ( 1 - 21.93% )	/	( (176.293	+	172.039)	/ 2 )
=	-28.854672	/	174.166
=	-16.57 %

where

	Invested Capital		(Q: Jun. 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	))
=	241.231	-	40.79	-	( 24.148	-	max(0, 58.61	-	90.223	+	24.148	))
=	176.293

	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	))
=	194.467	-	21.613	-	( 0.815	-	max(0, 31.297	-	50.581	+	0.815	))
=	172.039

Note: The Operating Income data used here is two times the semi-annual (Dec. 2014) data.

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

WDS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2014		Q: Dec. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-36.954	/	( ( (62.983 + max(-52.273, 0))	+	(57.29 + max(-23.186, 0)) )	/	2 )
=	-36.954	/	( ( 62.983	+	57.29 )	/	2 )
=	-36.954	/	60.1365
=	-61.45 %

where Working Capital is:

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	3.097	+	3.24)	-	(40.79	+	5.171	+	12.649)
=	-52.273

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	3.513	+	2.044)	-	(21.613	+	0	+	7.13)
=	-23.186

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2014 )
	=	-9.228	/	15.198
	=	-60.72 %

WDS EBIT Related Terms

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WDS (ASX:WDS) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.wdslimited.com.au

WDS Limited is an Australian provider of the development, design, engineering, construction, fabrication and maintenance related services to the cross-section of energy, mining and infrastructure sectors in Australia. The Company delivers services through two divisions, being Energy & Infrastructure and Mining.