GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Varca Ventures Inc (OTCPK:VRCV) » Definitions » EBIT

Varca Ventures (Varca Ventures) EBIT : $-2.87 Mil (TTM As of Aug. 2012)


View and export this data going back to 2010. Start your Free Trial

What is Varca Ventures EBIT?

Varca Ventures's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2012 was $-0.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2012 was $-2.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Varca Ventures's annualized ROC % for the quarter that ended in Aug. 2012 was -226.83%. Varca Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2012 was -340.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Varca Ventures's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2012 was -95,666.67%.


Varca Ventures EBIT Historical Data

The historical data trend for Varca Ventures'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.

Varca Ventures EBIT Chart

Varca Ventures Annual Data
Trend Feb11 Feb12
EBIT
-1.36 -2.28

Varca Ventures Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Feb12 May12 Aug12
EBIT Get a 7-Day Free Trial Premium Member Only -0.01 -0.02 -1.32 -0.82 -0.71

Competitive Comparison of Varca Ventures's EBIT

For the Other Industrial Metals & Mining subindustry, Varca Ventures'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.


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

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

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



Varca Ventures 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 Aug. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.87 Mil.

* 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.


Varca Ventures  (OTCPK:VRCV) EBIT Explanation

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

Varca Ventures's annualized ROC % for the quarter that ended in Aug. 2012 is calculated as:

ROC % (Q: Aug. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2012 ) + Invested Capital (Q: Aug. 2012 ))/ count )
=-2.832 * ( 1 - 0% )/( (1.038 + 1.459)/ 2 )
=-2.832/1.2485
=-226.83 %

where

Note: The Operating Income data used here is four times the quarterly (Aug. 2012) data.

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

Varca Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2012  Q: Aug. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.832/( ( (0.834 + max(-0.868, 0)) + (0.831 + max(-1.072, 0)) )/ 2 )
=-2.832/( ( 0.834 + 0.831 )/ 2 )
=-2.832/0.8325
=-340.18 %

where Working Capital is:

Working Capital(Q: May. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.002) - (0.87 + 0 + 0)
=-0.868

Working Capital(Q: Aug. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.002) - (1.075 + 0 + -0.00099999999999989)
=-1.072

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2012) EBIT data.

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

Varca Ventures's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2012 )
=-2.87/0.003
=-95,666.67 %

* 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.


Varca Ventures EBIT Related Terms

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


Varca Ventures (Varca Ventures) Business Description

Traded in Other Exchanges
N/A
Address
1630 Ringling Boulevard, Sarasota, FL, USA, 34236
Varca Ventures Inc engages in mining and exploration of mineral properties. It has re-staked a claim on certain property covering 357 hectares (882.6 acres) located in the Similkameen Mining Division of British Columbia, Canada.

Varca Ventures (Varca Ventures) Headlines

No Headlines