Pyne Gould (NZSE:PGC) EBIT : NZ$-2.08 Mil (TTM As of Dec. 2017)

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What is Pyne Gould EBIT?

Pyne Gould's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2017 was NZ$-7.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2017 was NZ$-2.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pyne Gould's annualized ROC % for the quarter that ended in Dec. 2017 was -15.80%. Pyne Gould's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -36.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pyne Gould's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -4.17%.

Pyne Gould EBIT Historical Data

The historical data trend for Pyne Gould'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.

Pyne Gould EBIT Chart

Pyne Gould Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

EBIT

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4.20

1.80

11.75

-28.75

-2.08

Pyne Gould Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
EBIT	Get a 7-Day Free Trial															5.85	10.78	-39.53	-7.10	5.02

Competitive Comparison of Pyne Gould's EBIT

For the Asset Management subindustry, Pyne Gould'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.

Pyne Gould's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pyne Gould's EV-to-EBIT distribution charts can be found below:

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

Pyne Gould 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-2.08 Mil.

Pyne Gould (NZSE:PGC) EBIT Explanation

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

Pyne Gould's annualized ROC % for the quarter that ended in Dec. 2017 is calculated as:

	ROC % (Q: Dec. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2017 )	+	Invested Capital (Q: Dec. 2017 ))	/ count )
=	-33.284 * ( 1 - 0% )	/	( (213.285	+	208.106)	/ 2 )
=	-33.284	/	210.6955
=	-15.80 %

where

	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	))
=	292.06	-	11.643	-	( 67.132	-	max(0, 48.931	-	140.7	+	67.132	))
=	213.285

	Invested Capital		(Q: Dec. 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	))
=	256.917	-	13.271	-	( 35.54	-	max(0, 13.271	-	108.741	+	35.54	))
=	208.106

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

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

Pyne Gould's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2017		Q: Dec. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-14.194	/	( ( (0.295 + max(17.88, 0))	+	(0.372 + max(59.93, 0)) )	/	2 )
=	-14.194	/	( ( 18.175	+	60.302 )	/	2 )
=	-14.194	/	39.2385
=	-36.17 %

where Working Capital is:

	Working Capital		(Q: Jun. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.566	+	58.267	+	2.17)	-	(11.643	+	0	+	36.48)
=	17.88

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.834	+	67.095	+	2.272)	-	(13.271	+	0	+	0)
=	59.93

When net working capital is negative, 0 is used.

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

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

Pyne Gould's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2017 )
	=	-2.078	/	49.791
	=	-4.17 %

Pyne Gould EBIT Related Terms

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Pyne Gould (NZSE:PGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pyne Gould Corp Ltd (NZSE:PGC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.pgc.co.nz

Pyne Gould Corp Ltd is a wealth management company. The company operates in various business segments that include Torchlight Segment; which provides investment management services and a proprietary investor, Property Group segment; which manages group's property assets, and Parent Company segment; which hold investments in subsidiaries. The Torchlight business segment generates maximum revenue for the company. Geographically the company exports its products to Australia and Cayman Islands regions. The Australian region generates maximum revenue for the company.