Zoro Mining (Zoro Mining) EBIT : $-4.02 Mil (TTM As of Apr. 2012)

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What is Zoro Mining EBIT?

Zoro Mining's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2012 was $-4.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2012 was $-4.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zoro Mining's annualized ROC % for the quarter that ended in Apr. 2012 was -1,423.57%. Zoro Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2012 was -9,809.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zoro Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2012 was -1,915.24%.

Zoro Mining EBIT Historical Data

The historical data trend for Zoro 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.

Zoro Mining EBIT Chart

Zoro Mining Annual Data

Trend

Apr04

Apr05

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

EBIT

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-3.60

-3.42

-11.91

-1.90

-4.02

Zoro Mining Semi-Annual Data
	Apr04	Apr05	Apr06	Apr07	Apr08	Apr09	Apr10	Apr11	Apr12
EBIT	Get a 7-Day Free Trial				-3.60	-3.42	-11.91	-1.90	-4.02

Competitive Comparison of Zoro Mining's EBIT

For the Other Industrial Metals & Mining subindustry, Zoro 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.

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

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

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

Zoro 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Apr. 2012 was $-4.02 Mil.

Zoro Mining (OTCPK:ZORM) EBIT Explanation

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

Zoro Mining's annualized ROC % for the quarter that ended in Apr. 2012 is calculated as:

	ROC % (Q: Apr. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2011 )	+	Invested Capital (Q: Apr. 2012 ))	/ count )
=	-4.107 * ( 1 - 0% )	/	( (0.352	+	0.225)	/ 2 )
=	-4.107	/	0.2885
=	-1,423.57 %

where

	Invested Capital		(Q: Apr. 2011 )
=	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	))
=	0.171	-	1.67	-	( 0.081	-	max(0, 1.941	-	0.09	+	0.081	))
=	0.352

	Invested Capital		(Q: Apr. 2012 )
=	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	))
=	0.016	-	2.502	-	( 0.009	-	max(0, 2.727	-	0.016	+	0.009	))
=	0.225

Note: The Operating Income data used here is one times the annual (Apr. 2012) data.

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

Zoro Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2011		Q: Apr. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.022	/	( ( (0.082 + max(-1.716, 0))	+	(0 + max(-2.501, 0)) )	/	2 )
=	-4.022	/	( ( 0.082	+	0 )	/	2 )
=	-4.022	/	0.041
=	-9,809.76 %

where Working Capital is:

	Working Capital		(Q: Apr. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(1.67	+	0	+	0.047)
=	-1.716

	Working Capital		(Q: Apr. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(2.502	+	0	+	0)
=	-2.501

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Apr. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2012 )
	=	-4.022	/	0.210
	=	-1,915.24 %

Zoro Mining EBIT Related Terms

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Zoro Mining (Zoro Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zoro Mining Corp (OTCPK:ZORM) » Definitions » EBIT

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Address

Website

Zoro Mining Corp was incorporated under the laws of the State of Nevada on April 20, 2004 under the name 'Rockdale Mining Corp'. Effective March 19, 2007, it merged with a wholly-owned subsidiary, Zoro Mining Corp., pursuant to Articles of merger filed with the Nevada Secretary of State. The merger was in the form of a parent/subsidiary merger with Rochdale Mining Corp. as the surviving corporation. Upon completion of the merger, its corporate name was changed to 'Zoro Mining Corp.' and its Articles of Incorporation were amended to reflect this name change. It is a natural resource exploration company currently engaged in the exploration, acquisition and development of property located in South America and Mexico. It plans to conduct exploration programs on its properties with the objective of ascertaining whether any of its properties contain economic concentrations of minerals that are prospective for mining. The Company currently has interests in an aggregate of approximately 27,294 net acres located in Chile, approximately 4,940 net acres in Peru, and a further 6,822 gross acres located in Mexico, targeting gold, copper and platinum. It operates in a highly competitive industry, competing with other mining and exploration mineral companies, and institutional and individual investors, which are actively seeking metal and mineral based exploration properties throughout the world together with the equipment, labor and materials required to exploit such properties. The Company's mineral exploration activities are, or would be, subject to extensive foreign laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters.

Executives

Andrew A Brodkey	other: No longer Section 16	4960 N. CAMINO ANTONIO, TUSCON AZ 85718
David Hackman	director, officer: VP of Exploration	3040 NORTH CAMPBELL AVE., SUITE 110, TUCSON AZ 85719
Frank Garcia	officer: Chief Financial Officer	3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Jodi Henderson	officer: Corporate Secretary	7033 EAST CALLE BETELGEUX, TUCSON AZ 85710

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