Bullabulling Gold (LSE:BGL) EBIT : £-3.24 Mil (TTM As of Jun. 2014)

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What is Bullabulling Gold EBIT?

Bullabulling Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was £-1.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was £-3.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bullabulling Gold's annualized ROC % for the quarter that ended in Jun. 2014 was -398.07%. Bullabulling Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was -931.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bullabulling Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was -21.75%.

Bullabulling Gold EBIT Historical Data

The historical data trend for Bullabulling Gold'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.

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Bullabulling Gold EBIT Chart

Bullabulling Gold Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

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-0.56

-0.75

-6.71

-25.64

-1.39

Bullabulling Gold Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14
EBIT	-23.76	-1.70	-0.01	-1.38	-1.86

Competitive Comparison of Bullabulling Gold's EBIT

For the Gold subindustry, Bullabulling Gold'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.

Bullabulling Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Bullabulling Gold 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 £-3.24 Mil.

Bullabulling Gold (LSE:BGL) EBIT Explanation

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

Bullabulling Gold'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 )
=	-3.718 * ( 1 - 0% )	/	( (0.985	+	0.883)	/ 2 )
=	-3.718	/	0.934
=	-398.07 %

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	))
=	3.139	-	0.076	-	( 2.331	-	max(0, 0.311	-	2.389	+	2.331	))
=	0.985

	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	))
=	2.226	-	0.808	-	( 1.137	-	max(0, 0.968	-	1.503	+	1.137	))
=	0.883

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:

Bullabulling Gold'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 )
=	-3.718	/	( ( (0.415 + max(-0.253, 0))	+	(0.383 + max(-0.602, 0)) )	/	2 )
=	-3.718	/	( ( 0.415	+	0.383 )	/	2 )
=	-3.718	/	0.399
=	-931.83 %

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)
=	(0	+	0	+	0.058)	-	(0.076	+	0	+	0.235)
=	-0.253

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.366)	-	(0.808	+	0	+	0.16)
=	-0.602

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:

Bullabulling Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2014 )
	=	-3.242	/	14.909
	=	-21.75 %

Bullabulling Gold EBIT Related Terms

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Bullabulling Gold (LSE:BGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullabulling Gold Ltd (LSE:BGL) » Definitions » EBIT

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Address

Website

http://www.bullabullinggold.com

Bullabulling Gold Ltd wass incorporated on 15 September 2011 in Australia. The Company is a mining exploration and development company. It is primarily focused on development of the wholly owned Bullabulling Gold Project. Bullabulling is located in the Eastern Goldfields of Western Australia, approximately 60km from Kalgoorlie.

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