Eurasian Natural Resources (LSE:ENRC) EBIT : £-1,805 Mil (TTM As of Dec. 2013)

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What is Eurasian Natural Resources EBIT?

Eurasian Natural Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2013 was £-1,805 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was £-1,805 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eurasian Natural Resources's annualized ROC % for the quarter that ended in Dec. 2013 was -17.08%. Eurasian Natural Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -30.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eurasian Natural Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -64.44%.

Eurasian Natural Resources EBIT Historical Data

The historical data trend for Eurasian Natural Resources'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.

Eurasian Natural Resources EBIT Chart

Eurasian Natural Resources Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

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895.05

1,926.20

1,849.60

-231.51

-1,804.99

Eurasian Natural Resources Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
EBIT	Get a 7-Day Free Trial					895.05	1,926.20	1,849.60	-231.51	-1,804.99

Competitive Comparison of Eurasian Natural Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Eurasian Natural Resources'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.

Eurasian Natural Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Eurasian Natural Resources's EV-to-EBIT falls into.

Eurasian Natural Resources 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2013 was £-1,805 Mil.

Eurasian Natural Resources (LSE:ENRC) EBIT Explanation

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

Eurasian Natural Resources's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

	ROC % (Q: Dec. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2012 )	+	Invested Capital (Q: Dec. 2013 ))	/ count )
=	-1804.99 * ( 1 - 3.91% )	/	( (11368.554	+	8945.04)	/ 2 )
=	-1734.414891	/	10156.797
=	-17.08 %

where

	Invested Capital		(Q: Dec. 2012 )
=	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	))
=	12548.987	-	709.993	-	( 470.44	-	max(0, 941.499	-	1939.327	+	470.44	))
=	11368.554

	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	))
=	9950.93	-	696.62	-	( 309.27	-	max(0, 1312.72	-	1787.3	+	309.27	))
=	8945.04

Note: The Operating Income data used here is one times the annual (Dec. 2013) data.

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

Eurasian Natural Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2012		Q: Dec. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1804.99	/	( ( (5483.721 + max(700.089, 0))	+	(4835.47 + max(718.58, 0)) )	/	2 )
=	-1804.99	/	( ( 6183.81	+	5554.05 )	/	2 )
=	-1804.99	/	5868.93
=	-30.76 %

where Working Capital is:

	Working Capital		(Q: Dec. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	799.748	+	669.139)	-	(709.993	+	0	+	58.805)
=	700.089

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	745.42	+	732.61)	-	(696.62	+	0	+	62.83)
=	718.58

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2013) EBIT data.

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

Eurasian Natural Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2013 )
	=	-1804.99	/	2800.856
	=	-64.44 %

Eurasian Natural Resources EBIT Related Terms

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Eurasian Natural Resources (LSE:ENRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eurasian Natural Resources Corporation PLC (LSE:ENRC) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.enrc.com

Eurasian Natural Resources Corp Ltd was incorporated on December 06, 2006. It is a diversified natural resources company. It performs integrated mining, processing, power generation, logistics and marketing operations. Its six operating segments are Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy, and Logistics. Ferroalloys comprises the extraction and sale of chrome ore as well as the production of ferroalloys from chromium and manganese ores. Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products. Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminium. Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa. Energy comprises coal mining and power generation. Logistics includes transportation and logistical services to the company's primary operating divisions and to third parties.

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