Central Rand Gold (LSE:CRND) EBIT: £-3.30 Mil (TTM As of Jun. 2017)


What is Central Rand Gold EBIT?

Central Rand Gold LSE:CRND EBIT is £-3.30 Mil as of Jun. 2017. The stock has 2 warning signs investors should review.

Central Rand Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2017 was £-2.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2017 was £-3.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Central Rand Gold's annualized ROC % for the quarter that ended in Jun. 2017 was -13.95%. Central Rand Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was -377.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Central Rand Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was -27.88%.

Central Rand Gold  (LSE:CRND) EBIT Explanation

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

Central Rand Gold's annualized ROC % for the quarter that ended in Jun. 2017 is calculated as:

ROC % (Q: Jun. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2016 ) + Invested Capital (Q: Jun. 2017 ))/ count )
=-2.4 * ( 1 - 0% )/( (16.929 + 17.486)/ 2 )
=-2.4/17.2075
=-13.95 %

where

Invested Capital(Q: Dec. 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))
=11.301 - 5.38 - ( 0.392 - max(0, 11.735 - 0.727+0.392))
=16.929

Invested Capital(Q: Jun. 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))
=12.061 - 6.427 - ( 0.346 - max(0, 12.763 - 0.911+0.346))
=17.486

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

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

Central Rand Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2016  Q: Jun. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.094/( ( (1.085 + max(-5.375, 0)) + (1.082 + max(-5.998, 0)) )/ 2 )
=-4.094/( ( 1.085 + 1.082 )/ 2 )
=-4.094/1.0835
=-377.85 %

where Working Capital is:

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.022 + 0.313) - (5.38 + 0 + 0.33)
=-5.375

Working Capital(Q: Jun. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.052 + 0.513) - (6.427 + 0 + 0.136)
=-5.998

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2017 )
=-3.301/11.841
=-27.88 %

* 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.

Central Rand Gold EBIT Related Terms

Central Rand Gold EBIT Historical Data

* Premium members only.

The historical data trend for Central Rand 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.

Central Rand Gold EBIT Chart

Central Rand Gold Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.22 -8.45 -8.37 1.77 -2.55

Central Rand Gold Semi-Annual Data
Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 2.03 -1.14 -1.25 -2.05

Central Rand Gold EBIT Competitor Comparison

For the Gold subindustry, Central Rand 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.

Central Rand Gold EV-to-EBIT vs Metals & Mining Industry

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

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


Central Rand 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-3.30 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of £-3.30 Mil mean?
Central Rand Gold (LSE:CRND) has a EBIT of £-3.30 Mil as of Jun. 2017. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Central Rand Gold.
Is Central Rand Gold's EBIT too high?
Central Rand Gold's current EBIT is £-3.30 Mil.
How does Central Rand Gold's EBIT compare to competitors?
Central Rand Gold's EBIT of £-3.30 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Central Rand Gold. Central Rand Gold's current EBIT is £-3.30 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Rand Gold stock overvalued right now?
Central Rand Gold (LSE:CRND) has a current EBIT of £-3.30 Mil. The current EBIT is £-3.30 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Central Rand Gold (LSE:CRND), the current EBIT is £-3.30 Mil as of Jun. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Central Rand Gold Business Description

Address Trafalgar Court, 2nd Floor, East Wing, Admiral Park, St Peter Port, GGY, GY13HU
Central Rand Gold Ltd is a gold exploration and production group. It is engaged in a gold mining and exploration project that aims to bring profitable and sustainable gold mining back to the City of Johannesburg. The company plans to extract all profitable gold from its resource base using appropriate mining, processing, and environmentally friendly technologies. Central Rand Gold's current portfolio is the Consolidated Main Reef (CMR) operations which have been split into CMR West and CMR East and the Crown Mines development. CMR West is Central Rand Gold's first mining target area. It comprises an operational underground and opencast gold mine that utilizes conventional opencast stopping and extraction methods.