Gladstone Pacific Nickel (LSE:GPN) EBIT: £0.92 Mil (TTM As of Dec. 2012)


What is Gladstone Pacific Nickel EBIT?

Gladstone Pacific Nickel LSE:GPN EBIT is £0.92 Mil as of Dec. 2012.

Gladstone Pacific Nickel's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2012 was £-0.38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was £0.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gladstone Pacific Nickel's annualized ROC % for the quarter that ended in Dec. 2012 was -9.60%. Gladstone Pacific Nickel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was -186.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gladstone Pacific Nickel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 8.92%.

Gladstone Pacific Nickel  (LSE:GPN) EBIT Explanation

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

Gladstone Pacific Nickel's annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

ROC % (Q: Dec. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2012 ) + Invested Capital (Q: Dec. 2012 ))/ count )
=-1.532 * ( 1 - 0% )/( (16.866 + 15.036)/ 2 )
=-1.532/15.951
=-9.60 %

where

Invested Capital(Q: Sep. 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))
=19.076 - 0.201 - ( 2.132 - max(0, 0.227 - 2.236+2.132))
=16.866

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))
=18.74 - 0.188 - ( 3.625 - max(0, 0.21 - 3.726+3.625))
=15.036

Note: The Operating Income data used here is four times the quarterly (Dec. 2012) data.

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

Gladstone Pacific Nickel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2012  Q: Dec. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.532/( ( (0.799 + max(-0.123, 0)) + (0.84 + max(-0.109, 0)) )/ 2 )
=-1.532/( ( 0.799 + 0.84 )/ 2 )
=-1.532/0.8195
=-186.94 %

where Working Capital is:

Working Capital(Q: Sep. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.104) - (0.201 + 0 + 0.026)
=-0.123

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.101) - (0.188 + 0 + 0.022)
=-0.109

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

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

Gladstone Pacific Nickel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2012 )
=0.917/10.286
=8.92 %

* 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.

Gladstone Pacific Nickel EBIT Related Terms

Gladstone Pacific Nickel EBIT Historical Data

* Premium members only.

The historical data trend for Gladstone Pacific Nickel'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.

Gladstone Pacific Nickel EBIT Chart

Gladstone Pacific Nickel Annual Data
Trend Jun09 Jun10 Jun11 Jun12
EBIT
-48.31 -1.39 -1.60 0.41

Gladstone Pacific Nickel Quarterly Data
Dec10 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
EBIT Get a 7-Day Free Trial -0.84 0.33 1.48 -0.51 -0.38

Gladstone Pacific Nickel EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Gladstone Pacific Nickel'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.

Gladstone Pacific Nickel EV-to-EBIT vs Metals & Mining Industry

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

* The bar in red indicates where Gladstone Pacific Nickel's EV-to-EBIT falls into.


Gladstone Pacific Nickel 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 Dec. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was £0.92 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 £0.92 Mil mean?
Gladstone Pacific Nickel (LSE:GPN) has a EBIT of £0.92 Mil as of Dec. 2012. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gladstone Pacific Nickel.
Is Gladstone Pacific Nickel's EBIT too high?
Gladstone Pacific Nickel's current EBIT is £0.92 Mil.
How does Gladstone Pacific Nickel's EBIT compare to competitors?
Gladstone Pacific Nickel's EBIT of £0.92 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 Gladstone Pacific Nickel. Gladstone Pacific Nickel's current EBIT is £0.92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gladstone Pacific Nickel stock overvalued right now?
Gladstone Pacific Nickel (LSE:GPN) has a current EBIT of £0.92 Mil. The current EBIT is £0.92 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 Gladstone Pacific Nickel (LSE:GPN), the current EBIT is £0.92 Mil as of Dec. 2012. 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.

Gladstone Pacific Nickel Business Description

Gladstone Pacific Nickel Ltd. is incorporated in Australia. The company, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia and the south-west Pacific region. It owns the Marlborough nickel/cobalt lateritic deposits located near Rockhampton in Central Queensland, Australia. Gladstone Pacific Nickel Ltd. was formerly known as Pearson Matheson Group Pty Ltd.