Gold and GemStone Mining (Gold and GemStone Mining) EBIT : $-0.35 Mil (TTM As of Oct. 2014)

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What is Gold and GemStone Mining EBIT?

Gold and GemStone Mining's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2014 was $-0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2014 was $-0.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gold and GemStone Mining's annualized ROC % for the quarter that ended in Oct. 2014 was -236.82%. Gold and GemStone Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2014 was -462.88%.

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

Gold and GemStone Mining EBIT Historical Data

The historical data trend for Gold and GemStone 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.

Gold and GemStone Mining EBIT Chart

Gold and GemStone Mining Annual Data

Trend

Jan10

Jan11

Jan12

EBIT

-0.01

-0.02

-0.03

Gold and GemStone Mining Quarterly Data
	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Apr14	Jul14	Oct14
EBIT	Get a 7-Day Free Trial														-0.08	-0.17	-0.17	-	-0.17

Competitive Comparison of Gold and GemStone Mining's EBIT

For the Marine Shipping subindustry, Gold and GemStone 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.

Gold and GemStone Mining's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gold and GemStone Mining's EV-to-EBIT distribution charts can be found below:

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

Gold and GemStone 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 Oct. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.35 Mil.

Gold and GemStone Mining (OTCPK:GGSM) EBIT Explanation

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

Gold and GemStone Mining's annualized ROC % for the quarter that ended in Oct. 2014 is calculated as:

	ROC % (Q: Oct. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2014 )	+	Invested Capital (Q: Oct. 2014 ))	/ count )
=	-0.656 * ( 1 - 0% )	/	( (0.301	+	0.253)	/ 2 )
=	-0.656	/	0.277
=	-236.82 %

where

	Invested Capital		(Q: Jul. 2014 )
=	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	))
=	0.302	-	0	-	( 0.001	-	max(0, 0.002	-	0.302	+	0.001	))
=	0.301

	Invested Capital		(Q: Oct. 2014 )
=	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	))
=	0.001	-	0.079	-	( 0	-	max(0, 0.332	-	0.001	+	0	))
=	0.253

Note: The Operating Income data used here is four times the quarterly (Oct. 2014) data.

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

Gold and GemStone Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2014		Q: Oct. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.692	/	( ( (0 + max(0.299, 0))	+	(0 + max(-0.221, 0)) )	/	2 )
=	-0.692	/	( ( 0.299	+	0 )	/	2 )
=	-0.692	/	0.1495
=	-462.88 %

where Working Capital is:

	Working Capital		(Q: Jul. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.301)	-	(0	+	0	+	0.002)
=	0.299

	Working Capital		(Q: Oct. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(0.079	+	0	+	0.143)
=	-0.221

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2014 )
	=	-0.347	/	0.000
	=	%

Gold and GemStone Mining EBIT Related Terms

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Gold and GemStone Mining (Gold and GemStone Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gold and GemStone Mining Inc (OTCPK:GGSM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jln. Jend. S. Parman Kav. 22-24, Grand Slipi Tower, Jakarta, IDN, 11480

Website

https://www.ggsmglobal.com

Gold and GemStone Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of gold and other silver properties. The company's mining claims include British Columbia Canada, Sinaloa, Mexico for gold and rare earth elements. Its project includes Chihuahua and Gringo Viejo project in Mexico. The company is also engaged in the charter boat business in the Mentawai Islands and Beyond.