Horizon Minerals (Horizon Minerals) EBIT : $-0.12 Mil (TTM As of Mar. 2017)

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What is Horizon Minerals EBIT?

Horizon Minerals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was $-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-0.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horizon Minerals's annualized ROC % for the quarter that ended in Mar. 2017 was -24.73%. Horizon Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was -28.00%.

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

Horizon Minerals EBIT Historical Data

The historical data trend for Horizon Minerals'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.

Horizon Minerals EBIT Chart

Horizon Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

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-0.04

-0.03

-0.07

-0.14

-0.11

Horizon Minerals Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
EBIT	Get a 7-Day Free Trial															-0.02	-0.02	-0.02	-0.05	-0.04

Competitive Comparison of Horizon Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, Horizon Minerals'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.

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

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

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

Horizon Minerals 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.12 Mil.

Horizon Minerals (OTCPK:HZNM) EBIT Explanation

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

Horizon Minerals's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

	ROC % (Q: Mar. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Mar. 2017 ))	/ count )
=	-0.14 * ( 1 - 0% )	/	( (0.54	+	0.592)	/ 2 )
=	-0.14	/	0.566
=	-24.73 %

where

	Invested Capital		(Q: Dec. 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	))
=	0.509	-	0.07	-	( 0	-	max(0, 0.11	-	0.009	+	0	))
=	0.54

	Invested Capital		(Q: Mar. 2017 )
=	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	))
=	0.513	-	0.057	-	( 0	-	max(0, 0.149	-	0.013	+	0	))
=	0.592

Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.

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

Horizon Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Mar. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.14	/	( ( (0.5 + max(-0.061, 0))	+	(0.5 + max(-0.045, 0)) )	/	2 )
=	-0.14	/	( ( 0.5	+	0.5 )	/	2 )
=	-0.14	/	0.5
=	-28.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.009)	-	(0.07	+	0	+	-1.3877787807814E-17)
=	-0.061

	Working Capital		(Q: Mar. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.013)	-	(0.057	+	0	+	0.001)
=	-0.045

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

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

Horizon Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2017 )
	=	-0.122	/	0.000
	=	%

Horizon Minerals EBIT Related Terms

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Horizon Minerals (Horizon Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Corp (OTCPK:HZNM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

9101 West Sahara Avenue, Suite 105 - 197, Las Vegas, NV, USA, 89117

Website

http://www.horizonmineralscorp.com

Horizon Minerals Corp is a US-based exploration stage company. It owns domestic lithium assets and is currently evaluating additional lithium opportunities in Nevada and California. The company has acquired several claims in the Great Basin and is ongoingly looking for additional lithium asset acquisitions.

Horizon Minerals (Horizon Minerals) Headlines

From GuruFocus

Germany, Hillary and Horizon Minerals

By $$$ Christopher Malcolm • 10-13-2016