Arian Resources (Arian Resources) EBIT : $-4.95 Mil (TTM As of Nov. 2016)

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What is Arian Resources EBIT?

Arian Resources's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2016 was $-0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2016 was $-4.95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arian Resources's annualized ROC % for the quarter that ended in Nov. 2016 was -505.00%. Arian Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2016 was -851.61%.

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

Arian Resources EBIT Historical Data

The historical data trend for Arian Resources'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.

Arian Resources EBIT Chart

Arian Resources Annual Data

Trend

May07

May08

May09

May10

May11

May12

May13

May14

May15

May16

EBIT

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-1.44

-1.30

-7.43

-1.80

-5.20

Arian Resources Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
EBIT	Get a 7-Day Free Trial															-0.30	-0.46	-4.29	-0.11	-0.10

Competitive Comparison of Arian Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Arian Resources'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.

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

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

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

Arian Resources 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 Nov. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.95 Mil.

Arian Resources (OTCPK:GNHRF) EBIT Explanation

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

Arian Resources's annualized ROC % for the quarter that ended in Nov. 2016 is calculated as:

	ROC % (Q: Nov. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2016 )	+	Invested Capital (Q: Nov. 2016 ))	/ count )
=	-0.404 * ( 1 - 0% )	/	( (0.067	+	0.093)	/ 2 )
=	-0.404	/	0.08
=	-505.00 %

where

	Invested Capital		(Q: Aug. 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	))
=	0.088	-	3.194	-	( 0.003	-	max(0, 3.214	-	0.041	+	0.003	))
=	0.067

	Invested Capital		(Q: Nov. 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	))
=	0.096	-	3.174	-	( 0.004	-	max(0, 3.222	-	0.051	+	0.004	))
=	0.093

Note: The Operating Income data used here is four times the quarterly (Nov. 2016) data.

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

Arian Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2016		Q: Nov. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.396	/	( ( (0.048 + max(-3.194, 0))	+	(0.045 + max(-3.176, 0)) )	/	2 )
=	-0.396	/	( ( 0.048	+	0.045 )	/	2 )
=	-0.396	/	0.0465
=	-851.61 %

where Working Capital is:

	Working Capital		(Q: Aug. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(3.194	+	0	+	0)
=	-3.194

	Working Capital		(Q: Nov. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.001)	-	(3.174	+	0	+	0.00099999999999989)
=	-3.176

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2016) EBIT data.

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

Arian Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2016 )
	=	-4.949	/	0.000
	=	%

Arian Resources EBIT Related Terms

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Arian Resources (Arian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arian Resources Corp (OTCPK:GNHRF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

http://www.arianresources.com

Arian Resources Corp is a mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, platinum group elements, chromite, and copper ores. It holds interests in Albanian exploration projects located in Northern Albania and also owns interest in a copper mining exploitation permit located in Albania. It operates through Mineral exploration segment and generates revenue from the same.

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