Tuscany International Drilling, (FRA:TS1) EBIT : €-93.4 Mil (TTM As of Mar. 2014)

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What is Tuscany International Drilling, EBIT?

Tuscany International Drilling,'s earnings before interest and taxes (EBIT) for the three months ended in Mar. 2014 was €-0.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2014 was €-93.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tuscany International Drilling,'s annualized ROC % for the quarter that ended in Mar. 2014 was 0.87%. Tuscany International Drilling,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2014 was -0.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tuscany International Drilling,'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2014 was -8,294.58%.

Tuscany International Drilling, EBIT Historical Data

The historical data trend for Tuscany International Drilling,'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.

Tuscany International Drilling, EBIT Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

-1.55

-11.17

6.34

-13.21

-98.82

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
EBIT	Get a 7-Day Free Trial															-0.80	1.65	-21.44	-73.44	-0.16

Competitive Comparison of Tuscany International Drilling,'s EBIT

For the Oil & Gas Equipment & Services subindustry, Tuscany International Drilling,'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.

Tuscany International Drilling,'s EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tuscany International Drilling,'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tuscany International Drilling,'s EV-to-EBIT falls into.

Tuscany International Drilling, 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 Mar. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-93.4 Mil.

Tuscany International Drilling, (FRA:TS1) EBIT Explanation

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

Tuscany International Drilling,'s annualized ROC % for the quarter that ended in Mar. 2014 is calculated as:

	ROC % (Q: Mar. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2013 )	+	Invested Capital (Q: Mar. 2014 ))	/ count )
=	2.824 * ( 1 - -2.34% )	/	( (330.772	+	331.821)	/ 2 )
=	2.8900816	/	331.2965
=	0.87 %

where

	Invested Capital		(Q: Dec. 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	))
=	271.632	-	60.513	-	( 4.591	-	max(0, 211.578	-	91.925	+	4.591	))
=	330.772

	Invested Capital		(Q: Mar. 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	))
=	252.888	-	42.108	-	( 7.772	-	max(0, 198.803	-	77.762	+	7.772	))
=	331.821

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

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

Tuscany International Drilling,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2013		Q: Mar. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.64	/	( ( (177.111 + max(24.502, 0))	+	(172.77 + max(27.882, 0)) )	/	2 )
=	-0.64	/	( ( 201.613	+	200.652 )	/	2 )
=	-0.64	/	201.1325
=	-0.32 %

where Working Capital is:

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.005	+	11.104	+	37.971)	-	(60.513	+	0	+	2.065)
=	24.502

	Working Capital		(Q: Mar. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(36.403	+	11.275	+	22.312)	-	(42.108	+	0	+	0)
=	27.882

When net working capital is negative, 0 is used.

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

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

Tuscany International Drilling,'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2014 )
	=	-93.397	/	1.126
	=	-8,294.58 %

Tuscany International Drilling, EBIT Related Terms

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Tuscany International Drilling, Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

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