Volcan Holdings (Volcan Holdings) EBIT : $-3.71 Mil (TTM As of Jun. 2010)

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What is Volcan Holdings EBIT?

Volcan Holdings's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2010 was $-3.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2010 was $-3.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Volcan Holdings's annualized ROC % for the quarter that ended in Jun. 2010 was -491.04%. Volcan Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2010 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Volcan Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2010 was -2,489.26%.

Volcan Holdings EBIT Historical Data

The historical data trend for Volcan Holdings'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.

Volcan Holdings EBIT Chart

Volcan Holdings Annual Data

Trend

Aug07

Aug08

Jun09

Jun10

EBIT

-0.02

-0.03

-1.74

-3.71

Volcan Holdings Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10
EBIT	Get a 7-Day Free Trial										-0.67	-0.22	-0.22	-0.14	-3.13

Competitive Comparison of Volcan Holdings's EBIT

For the Other Industrial Metals & Mining subindustry, Volcan Holdings'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.

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

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

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

Volcan Holdings 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 Jun. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.71 Mil.

Volcan Holdings (OTCPK:VOHO) EBIT Explanation

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

Volcan Holdings's annualized ROC % for the quarter that ended in Jun. 2010 is calculated as:

	ROC % (Q: Jun. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2010 )	+	Invested Capital (Q: Jun. 2010 ))	/ count )
=	-12.528 * ( 1 - 6.44% )	/	( (2.459	+	2.315)	/ 2 )
=	-11.7211968	/	2.387
=	-491.04 %

where

	Invested Capital		(Q: Mar. 2010 )
=	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	))
=	2.671	-	2.262	-	( 0.101	-	max(0, 2.504	-	0.454	+	0.101	))
=	2.459

	Invested Capital		(Q: Jun. 2010 )
=	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	))
=	0.56	-	0.265	-	( 0.004	-	max(0, 2.456	-	0.436	+	0.004	))
=	2.315

Note: The Operating Income data used here is four times the quarterly (Jun. 2010) data.

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

Volcan Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2010		Q: Jun. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-12.528	/	( ( (0 + max(-2.373, 0))	+	(0 + max(-0.265, 0)) )	/	2 )
=	-12.528	/	( ( 0	+	0 )	/	2 )
=	-12.528	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.131)	-	(2.262	+	0	+	0.242)
=	-2.373

	Working Capital		(Q: Jun. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.265	+	0	+	0)
=	-0.265

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2010) EBIT data.

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

Volcan Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2010 )
	=	-3.709	/	0.149
	=	-2,489.26 %

Volcan Holdings EBIT Related Terms

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Volcan Holdings (Volcan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcan Holdings Inc (OTCPK:VOHO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

412 North Main Street, Suite 100, Buffalo, WY, USA, 82834

Website

https://www.volcan.com.au

Volcan Holdings Inc operates in the industrial metals and minerals industry. The company is engaged in mineral exploration and development in Australia. The primary business is a bauxite alumina resource company.

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