Bayfield Ventures (FRA:B4N) EBIT : €-0.70 Mil (TTM As of Jul. 2014)

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What is Bayfield Ventures EBIT?

Bayfield Ventures's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2014 was €-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2014 was €-0.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bayfield Ventures's annualized ROC % for the quarter that ended in Jul. 2014 was -7.62%. Bayfield Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2014 was -7.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bayfield Ventures's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2014 was -5.98%.

Bayfield Ventures EBIT Historical Data

The historical data trend for Bayfield Ventures'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.

Bayfield Ventures EBIT Chart

Bayfield Ventures Annual Data

Trend

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

EBIT

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-0.16

-2.19

-1.39

-0.99

Bayfield Ventures Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14
EBIT	Get a 7-Day Free Trial															-0.17	-0.19	-0.13	-0.15	-0.24

Competitive Comparison of Bayfield Ventures's EBIT

For the Gold subindustry, Bayfield Ventures'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.

Bayfield Ventures's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Bayfield Ventures 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 Jul. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.70 Mil.

Bayfield Ventures (FRA:B4N) EBIT Explanation

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

Bayfield Ventures's annualized ROC % for the quarter that ended in Jul. 2014 is calculated as:

	ROC % (Q: Jul. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2014 )	+	Invested Capital (Q: Jul. 2014 ))	/ count )
=	-0.944 * ( 1 - 0% )	/	( (12.099	+	12.682)	/ 2 )
=	-0.944	/	12.3905
=	-7.62 %

where

	Invested Capital		(Q: Apr. 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	))
=	12.233	-	0.154	-	( 0.123	-	max(0, 0.154	-	0.134	+	0.123	))
=	12.099

	Invested Capital		(Q: Jul. 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	))
=	13.175	-	0.005	-	( 0.488	-	max(0, 0.005	-	0.524	+	0.488	))
=	12.682

Note: The Operating Income data used here is four times the quarterly (Jul. 2014) data.

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

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

	ROC (Joel Greenblatt) %		(Q: Jul. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2014		Q: Jul. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.944	/	( ( (12.099 + max(-0.15, 0))	+	(12.652 + max(0.025, 0)) )	/	2 )
=	-0.944	/	( ( 12.099	+	12.677 )	/	2 )
=	-0.944	/	12.388
=	-7.62 %

where Working Capital is:

	Working Capital		(Q: Apr. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.001	+	0	+	0.003)	-	(0.154	+	0	+	0)
=	-0.15

	Working Capital		(Q: Jul. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.03)	-	(0.005	+	0	+	0)
=	0.025

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2014 )
	=	-0.701	/	11.726
	=	-5.98 %

Bayfield Ventures EBIT Related Terms

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Bayfield Ventures (FRA:B4N) Business Description

Industry

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Address

Website

http://www.bayfieldventures.com

Bayfield Ventures Corporation is a gold and silver exploration Company. The Company's project includes burns claim block gold-silver project in which it owns 100% of the mineral rights. The property is surrounded by Rainy River Resources property and adjoins the immediate east of Rainy River Resources' ODM17 gold-silver deposit and to the west of their expanding Intrepid gold-silver zone. It also holds interest in Red lake gold camp and Baird gold properties.

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