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African Minerals (LSE:AMI) EBIT : £45.3 Mil (TTM As of Jun. 2014)


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What is African Minerals EBIT?

African Minerals's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was £42.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was £45.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. African Minerals's annualized ROC % for the quarter that ended in Jun. 2014 was 5.75%. African Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 5.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. African Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 136.52%.


African Minerals EBIT Historical Data

The historical data trend for African Minerals'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.

African Minerals EBIT Chart

African Minerals Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.79 -21.77 -23.95 27.11 30.74

African Minerals Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
EBIT Get a 7-Day Free Trial Premium Member Only -55.33 80.38 29.03 3.29 42.02

Competitive Comparison of African Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, African Minerals'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.


African Minerals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



African Minerals 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 Jun. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £45.3 Mil.

* 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.


African Minerals  (LSE:AMI) EBIT Explanation

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

African Minerals's annualized ROC % for the quarter that ended in Jun. 2014 is calculated as:

ROC % (Q: Jun. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2013 ) + Invested Capital (Q: Jun. 2014 ))/ count )
=-100.588 * ( 1 - 220.85% )/( (2205.455 + 2020.097)/ 2 )
=121.560598/2112.776
=5.75 %

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))
=1973.167 - 62.281 - ( 221.064 - max(0, 666.73 - 372.161+221.064))
=2205.455

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))
=1863.187 - 134.216 - ( 196.094 - max(0, 604.652 - 313.526+196.094))
=2020.097

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

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2013  Q: Jun. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=84.04/( ( (1524.085 + max(-354.715, 0)) + (1469.462 + max(-315.475, 0)) )/ 2 )
=84.04/( ( 1524.085 + 1469.462 )/ 2 )
=84.04/1496.7735
=5.61 %

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)
=(77.043 + 49.715 + 24.339) - (62.281 + 0 + 443.531)
=-354.715

Working Capital(Q: Jun. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 48.758 + 68.674) - (134.216 + 0 + 298.691)
=-315.475

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2014 )
=45.314/33.192
=136.52 %

* 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.


African Minerals EBIT Related Terms

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African Minerals (LSE:AMI) Business Description

Traded in Other Exchanges
N/A
Address
Stratton House, 5 Stratton Street, London, GBR, W1J 8LA
African Minerals Ltd is a mineral exploration and development company. It is engaged in the development, design, construction, and operation of iron ore deposit at Tonkolili, Sierra Leone, and its related rail and port infrastructure. In addition, it is also involved in the marketing and sale of the iron ore produced from this project.

African Minerals (LSE:AMI) Headlines

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