Lochard Energy Group (LSE:LHD) EBIT : £2.01 Mil (TTM As of Dec. 2012)

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What is Lochard Energy Group EBIT?

Lochard Energy Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2012 was £2.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was £2.01 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lochard Energy Group's annualized ROC % for the quarter that ended in Dec. 2012 was 43.62%. Lochard Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 13.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lochard Energy Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 16.51%.

Lochard Energy Group EBIT Historical Data

The historical data trend for Lochard Energy Group'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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Lochard Energy Group EBIT Chart

Lochard Energy Group Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

EBIT

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2.41

-26.05

-2.12

-2.83

-8.98

Lochard Energy Group Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Jun06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12
EBIT	Get a 7-Day Free Trial												-1.17	-1.70	-8.33	-0.64	2.65

Competitive Comparison of Lochard Energy Group's EBIT

For the Oil & Gas Equipment & Services subindustry, Lochard Energy Group'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.

Lochard Energy Group's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Lochard Energy Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lochard Energy Group's EV-to-EBIT falls into.

Lochard Energy Group 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 semi-annually data reported by the company within the most recent 12 months, which was £2.01 Mil.

Lochard Energy Group (LSE:LHD) EBIT Explanation

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

Lochard Energy Group'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: Jun. 2012 )	+	Invested Capital (Q: Dec. 2012 ))	/ count )
=	5.298 * ( 1 - -284.38% )	/	( (50.265	+	43.107)	/ 2 )
=	20.3644524	/	46.686
=	43.62 %

where

	Invested Capital		(Q: Jun. 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	))
=	50.71	-	9.641	-	( 6.278	-	max(0, 17.39	-	8.194	+	6.278	))
=	50.265

	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	))
=	42.518	-	2.298	-	( 0.105	-	max(0, 7.718	-	4.831	+	0.105	))
=	43.107

Note: The Operating Income data used here is two times the semi-annual (Dec. 2012) data.

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

Lochard Energy Group'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: Jun. 2012		Q: Dec. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.298	/	( ( (42.403 + max(-15.474, 0))	+	(37.687 + max(-2.992, 0)) )	/	2 )
=	5.298	/	( ( 42.403	+	37.687 )	/	2 )
=	5.298	/	40.045
=	13.23 %

where Working Capital is:

	Working Capital		(Q: Jun. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.715	+	1.201)	-	(9.641	+	0	+	7.749)
=	-15.474

	Working Capital		(Q: Dec. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.183	+	4.543)	-	(2.298	+	0	+	5.42)
=	-2.992

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2012) EBIT data.

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

Lochard Energy Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2012 )
	=	2.009	/	12.167
	=	16.51 %

Lochard Energy Group EBIT Related Terms

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Lochard Energy Group (LSE:LHD) Business Description

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