Oakbay Resources and Energy (JSE:46926) EBIT : R-1,222.4 Mil (TTM As of Feb. 2017)

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What is Oakbay Resources and Energy EBIT?

Oakbay Resources and Energy's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2017 was R-1,175.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2017 was R-1,222.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oakbay Resources and Energy's annualized ROC % for the quarter that ended in Feb. 2017 was -17.01%. Oakbay Resources and Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2017 was -28.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2017 was -26.35%.

Oakbay Resources and Energy EBIT Historical Data

The historical data trend for Oakbay Resources and Energy'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.

Oakbay Resources and Energy EBIT Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

EBIT

-181.60

14.82

48.34

-1,222.45

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
EBIT	Get a 7-Day Free Trial			36.97	-12.80	61.14	-47.29	-1,175.16

Competitive Comparison of Oakbay Resources and Energy's EBIT

For the Other Industrial Metals & Mining subindustry, Oakbay Resources and Energy'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.

Oakbay Resources and Energy's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Oakbay Resources and Energy's EV-to-EBIT falls into.

Oakbay Resources and Energy 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 Feb. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-1,222.4 Mil.

Oakbay Resources and Energy (JSE:46926) EBIT Explanation

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

Oakbay Resources and Energy's annualized ROC % for the quarter that ended in Feb. 2017 is calculated as:

	ROC % (Q: Feb. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2016 )	+	Invested Capital (Q: Feb. 2017 ))	/ count )
=	-2354.802 * ( 1 - 27.22% )	/	( (10713.605	+	9432.794)	/ 2 )
=	-1713.8248956	/	10073.1995
=	-17.01 %

where

	Invested Capital		(Q: Aug. 2016 )
=	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	))
=	11012.23	-	331.601	-	( 0.678	-	max(0, 367.689	-	334.713	+	0.678	))
=	10713.605

	Invested Capital		(Q: Feb. 2017 )
=	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	))
=	9650.082	-	233.26	-	( 4.528	-	max(0, 280.46	-	264.488	+	4.528	))
=	9432.794

Note: The Operating Income data used here is two times the semi-annual (Feb. 2017) data.

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

Oakbay Resources and Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2016		Q: Feb. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2350.318	/	( ( (7912.83 + max(2.434, 0))	+	(8731.275 + max(26.7, 0)) )	/	2 )
=	-2350.318	/	( ( 7915.264	+	8757.975 )	/	2 )
=	-2350.318	/	8336.6195
=	-28.19 %

where Working Capital is:

	Working Capital		(Q: Aug. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.258	+	192.912	+	123.865)	-	(331.601	+	0	+	0)
=	2.434

	Working Capital		(Q: Feb. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	188.499	+	71.461)	-	(233.26	+	0	+	0)
=	26.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2017) EBIT data.

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

Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2017 )
	=	-1222.446	/	4640.000
	=	-26.35 %

Oakbay Resources and Energy EBIT Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

Oakbay Resources and Energy (JSE:46926) Headlines

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