BHK Mining (TSXV:BHK.H) EBIT : C$-0.46 Mil (TTM As of Mar. 2017)

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What is BHK Mining EBIT?

BHK Mining's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was C$-0.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was C$-0.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BHK Mining's annualized ROC % for the quarter that ended in Mar. 2017 was -24.30%. BHK Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was -25.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BHK Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was -45.93%.

BHK Mining EBIT Historical Data

The historical data trend for BHK Mining'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.

BHK Mining EBIT Chart

BHK Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

EBIT

-0.16

-0.47

-2.24

-0.80

BHK Mining Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
EBIT	Get a 7-Day Free Trial												-0.47	-0.20	-0.08	-0.04	-0.14

Competitive Comparison of BHK Mining's EBIT

For the Other Industrial Metals & Mining subindustry, BHK Mining'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.

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

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

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

BHK Mining 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.46 Mil.

BHK Mining (TSXV:BHK.H) EBIT Explanation

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

BHK Mining's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

	ROC % (Q: Mar. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Mar. 2017 ))	/ count )
=	-0.556 * ( 1 - 0% )	/	( (2.248	+	2.328)	/ 2 )
=	-0.556	/	2.288
=	-24.30 %

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	2.266	-	0.065	-	( 0.05	-	max(0, 0.098	-	0.051	+	0.05	))
=	2.248

	Invested Capital		(Q: Mar. 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	))
=	2.256	-	0.077	-	( 0.06	-	max(0, 0.21	-	0.061	+	0.06	))
=	2.328

Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.

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

BHK Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Mar. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.56	/	( ( (2.214 + max(-0.064, 0))	+	(2.195 + max(-0.076, 0)) )	/	2 )
=	-0.56	/	( ( 2.214	+	2.195 )	/	2 )
=	-0.56	/	2.2045
=	-25.40 %

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.00099999999999999)	-	(0.065	+	0	+	0)
=	-0.064

	Working Capital		(Q: Mar. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(0.077	+	0	+	-2.7755575615629E-17)
=	-0.076

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

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

BHK Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2017 )
	=	-0.463	/	1.008
	=	-45.93 %

BHK Mining EBIT Related Terms

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BHK Mining (TSXV:BHK.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BHK Mining Corp (TSXV:BHK.H) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3

Website

http://www.bhkminingcorp.com

BHK Mining Corp is a mineral exploration company. It is engaged in the exploration and development of the Ndjole Project and exploration projects in Gabon. The company primarily explores for manganese and gold deposits.

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