Southridge Enterprises (Southridge Enterprises) EBIT : $1.81 Mil (TTM As of May. 2008)

View and export this data going back to 2005. Start your Free Trial

What is Southridge Enterprises EBIT?

Southridge Enterprises's earnings before interest and taxes (EBIT) for the three months ended in May. 2008 was $2.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2008 was $1.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Southridge Enterprises's annualized ROC % for the quarter that ended in May. 2008 was 172.14%. Southridge Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2008 was 204.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Southridge Enterprises EBIT Historical Data

The historical data trend for Southridge Enterprises'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.

Southridge Enterprises EBIT Chart

Southridge Enterprises Annual Data

Trend

Aug06

Aug07

EBIT

-0.03

-0.98

Southridge Enterprises Quarterly Data
	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08
EBIT	Get a 7-Day Free Trial						-0.15	-0.29	-0.15	-0.26	2.51

Competitive Comparison of Southridge Enterprises's EBIT

For the Other Industrial Metals & Mining subindustry, Southridge Enterprises'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.

Southridge Enterprises's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Southridge Enterprises 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 May. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.81 Mil.

Southridge Enterprises (GREY:SRGE) EBIT Explanation

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

Southridge Enterprises's annualized ROC % for the quarter that ended in May. 2008 is calculated as:

	ROC % (Q: May. 2008 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2008 )	+	Invested Capital (Q: May. 2008 ))	/ count )
=	10.04 * ( 1 - % )	/	( (4.856	+	6.809)	/ 2 )
=	10.04	/	5.8325
=	172.14 %

where

	Invested Capital		(Q: Feb. 2008 )
=	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	))
=	5.478	-	0.037	-	( 1.56	-	max(0, 0.975	-	1.56	+	1.56	))
=	4.856

	Invested Capital		(Q: May. 2008 )
=	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	))
=	9.44	-	0.051	-	( 3.522	-	max(0, 0.942	-	3.522	+	3.522	))
=	6.809

Note: The Operating Income data used here is four times the quarterly (May. 2008) data.

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

Southridge Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2008 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2008 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2008		Q: May. 2008
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	10.04	/	( ( (3.918 + max(-0.975, 0))	+	(5.918 + max(-0.942, 0)) )	/	2 )
=	10.04	/	( ( 3.918	+	5.918 )	/	2 )
=	10.04	/	4.918
=	204.15 %

where Working Capital is:

	Working Capital		(Q: Feb. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.037	+	0	+	0.938)
=	-0.975

	Working Capital		(Q: May. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.051	+	0	+	0.891)
=	-0.942

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2008) EBIT data.

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

Southridge Enterprises's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2008 )
	=	1.805	/	0.000
	=	%

Southridge Enterprises EBIT Related Terms

Thank you for viewing the detailed overview of Southridge Enterprises's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Southridge Enterprises (Southridge Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southridge Enterprises Inc (GREY:SRGE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3625 N. Hall Street, Suite 900, Dallas, TX, USA, 75219

Website

http://www.Southridgeenterprises.com

Southridge Enterprises Inc is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties.

Southridge Enterprises (Southridge Enterprises) Headlines

No Headlines