CBMDF (CBM Asia Development) EBIT: $-8.20 Mil (TTM As of Sep. 2013)

What is CBM Asia Development EBIT?

CBM Asia Development CBMDF -90.00% EBIT is $-8.20 Mil as of Sep. 2013.

CBM Asia Development's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2013 was $-1.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was $-8.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CBM Asia Development's annualized ROC % for the quarter that ended in Sep. 2013 was -4,475.13%. CBM Asia Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -18,050.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

CBM Asia Development (OTCPK:CBMDF) EBIT Explanation

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

CBM Asia Development's annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

	ROC % (Q: Sep. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Sep. 2013 ))	/ count )
=	-4.408 * ( 1 - 0% )	/	( (0.126	+	0.071)	/ 2 )
=	-4.408	/	0.0985
=	-4,475.13 %

where

	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	))
=	1.461	-	2.048	-	( 0.111	-	max(0, 2.148	-	1.435	+	0.111	))
=	0.126

	Invested Capital		(Q: Sep. 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	))
=	1.605	-	1.926	-	( 0.336	-	max(0, 1.975	-	1.583	+	0.336	))
=	0.071

Note: The Operating Income data used here is four times the quarterly (Sep. 2013) data.

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

CBM Asia Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Sep. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.332	/	( ( (0.026 + max(-0.724, 0))	+	(0.022 + max(-0.679, 0)) )	/	2 )
=	-4.332	/	( ( 0.026	+	0.022 )	/	2 )
=	-4.332	/	0.024
=	-18,050.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.157	+	0	+	1.167)	-	(2.048	+	0	+	0)
=	-0.724

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.16	+	0	+	1.087)	-	(1.926	+	0	+	2.2204460492503E-16)
=	-0.679

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2013 )
	=	-8.199	/	0.000
	=	%

* 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.

CBM Asia Development EBIT Related Terms

CBM Asia Development EBIT Historical Data

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The historical data trend for CBM Asia Development's EBIT can be seen below:

CBM Asia Development EBIT Chart

CBM Asia Development Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

EBIT

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-1.68

-2.50

-3.70

-9.26

-12.75

CBM Asia Development Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
EBIT	Get a 7-Day Free Trial															-2.35	-4.11	-1.55	-1.46	-1.08

CBMDF vs IFNY, EXNT: EBIT Comparison

For the Oil & Gas E&P subindustry, CBM Asia Development'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.

CBM Asia Development EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CBM Asia Development's EV-to-EBIT distribution charts can be found below:

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

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CBM Asia Development 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 Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.20 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-8.20 Mil mean?

CBM Asia Development (CBMDF) has a EBIT of $-8.20 Mil as of Sep. 2013. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CBM Asia Development.

Is CBM Asia Development's EBIT too high?

CBM Asia Development's current EBIT is $-8.20 Mil.

How does CBM Asia Development's EBIT compare to IFNY and EXNT?

CBM Asia Development's EBIT of $-8.20 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good EBIT depends on the Oil & Gas 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 CBM Asia Development. CBM Asia Development's current EBIT is $-8.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CBM Asia Development stock overvalued right now?

CBM Asia Development (CBMDF) has a current EBIT of $-8.20 Mil. The current EBIT is $-8.20 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 CBM Asia Development (CBMDF), the current EBIT is $-8.20 Mil as of Sep. 2013. 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.

CBM Asia Development Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:RHC ASX:BNL TSXV:CDA LSE:CAB IFNY ASX:MMR XCNQ:BDR TSXV:ARH TSXV:OEC TSXV:PEI TSXV:SCD TSXV:SMB EXNT TSXV:SPK ASX:PGY ASX:DOR TSXV:MCM.A LSE:SRO ASX:JPR TSXV:KFG

Address 5626 Larch Street, Vancouver, BC, CAN, V6M 4E1

Website http://www.cbmasia.ca

CBM Asia Development Corp is engaged in the exploration and development of its interests in gas properties in Indonesia.