Norseman Gold (LSE:NGL) EBIT : £0.24 Mil (TTM As of Jun. 2014)

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What is Norseman Gold EBIT?

Norseman Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was £0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was £0.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Norseman Gold's annualized ROC % for the quarter that ended in Jun. 2014 was -10.07%. Norseman Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 35.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Norseman Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 0.84%.

Norseman Gold EBIT Historical Data

The historical data trend for Norseman Gold'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.

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Norseman Gold EBIT Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

EBIT

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0.63

-17.81

-39.60

-38.66

0.24

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
EBIT	Get a 7-Day Free Trial			0.63	-17.81	-39.60	-38.66	0.24

Competitive Comparison of Norseman Gold's EBIT

For the Gold subindustry, Norseman Gold'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.

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

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

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

Norseman Gold 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 Jun. 2014 was £0.24 Mil.

Norseman Gold (LSE:NGL) EBIT Explanation

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

Norseman Gold's annualized ROC % for the quarter that ended in Jun. 2014 is calculated as:

	ROC % (Q: Jun. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Jun. 2014 ))	/ count )
=	-3.97 * ( 1 - 0% )	/	( (38.816	+	40.043)	/ 2 )
=	-3.97	/	39.4295
=	-10.07 %

where

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	9.012	-	4.332	-	( 6.222	-	max(0, 42.524	-	8.388	+	6.222	))
=	38.816

	Invested Capital		(Q: Jun. 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	))
=	4.838	-	5.451	-	( 0.718	-	max(0, 44.742	-	4.086	+	0.718	))
=	40.043

Note: The Operating Income data used here is one times the annual (Jun. 2014) data.

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

Norseman Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Jun. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.241	/	( ( (0.624 + max(-4.023, 0))	+	(0.753 + max(-4.374, 0)) )	/	2 )
=	0.241	/	( ( 0.624	+	0.753 )	/	2 )
=	0.241	/	0.6885
=	35.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	1.322	+	0.167)	-	(4.332	+	0	+	1.18)
=	-4.023

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	1.177	+	0.11)	-	(5.451	+	0	+	0.20999999999999)
=	-4.374

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2014 )
	=	0.241	/	28.768
	=	0.84 %

Norseman Gold EBIT Related Terms

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Norseman Gold (LSE:NGL) Business Description

Industry

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Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.