Universal Potash (Universal Potash) EBIT : $-0.54 Mil (TTM As of Jun. 2008)

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What is Universal Potash EBIT?

Universal Potash's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2008 was $-0.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2008 was $-0.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Universal Potash's annualized ROC % for the quarter that ended in Jun. 2008 was -30.00%. Universal Potash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2008 was -50.88%.

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

Universal Potash EBIT Historical Data

The historical data trend for Universal Potash'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.

Universal Potash EBIT Chart

Universal Potash Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

EBIT

-0.08

-0.04

-0.11

-0.16

-0.86

Universal Potash Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
EBIT	Get a 7-Day Free Trial												-0.29	-0.23	-0.15	-0.08	-0.09

Competitive Comparison of Universal Potash's EBIT

For the Other Industrial Metals & Mining subindustry, Universal Potash'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.

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

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

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

Universal Potash 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 Jun. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.54 Mil.

Universal Potash (OTCPK:UPCO) EBIT Explanation

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

Universal Potash's annualized ROC % for the quarter that ended in Jun. 2008 is calculated as:

	ROC % (Q: Jun. 2008 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2008 )	+	Invested Capital (Q: Jun. 2008 ))	/ count )
=	-0.348 * ( 1 - 0% )	/	( (1.118	+	1.202)	/ 2 )
=	-0.348	/	1.16
=	-30.00 %

where

	Invested Capital		(Q: Mar. 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	))
=	0.775	-	0.156	-	( 0.131	-	max(0, 0.636	-	0.137	+	0.131	))
=	1.118

	Invested Capital		(Q: Jun. 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	))
=	0.787	-	0.218	-	( 0.054	-	max(0, 0.692	-	0.059	+	0.054	))
=	1.202

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

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

Universal Potash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2008 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2008 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2008		Q: Jun. 2008
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.348	/	( ( (0.639 + max(-0.31, 0))	+	(0.729 + max(-0.367, 0)) )	/	2 )
=	-0.348	/	( ( 0.639	+	0.729 )	/	2 )
=	-0.348	/	0.684
=	-50.88 %

where Working Capital is:

	Working Capital		(Q: Mar. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.006)	-	(0.156	+	0	+	0.16)
=	-0.31

	Working Capital		(Q: Jun. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.005)	-	(0.218	+	0	+	0.154)
=	-0.367

When net working capital is negative, 0 is used.

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

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

Universal Potash's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2008 )
	=	-0.542	/	0.000
	=	%

Universal Potash EBIT Related Terms

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Universal Potash (Universal Potash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Universal Potash Corp (OTCPK:UPCO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1300 East Street, Fairport Harbor, OH, USA, 44077

Website

http://www.universalpotash.com

Universal Potash Corp is an exploration stage company. It is engaged in the mining of natural resources in the United States.

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