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African Potash (LSE:AFPO) EBIT : £-4.17 Mil (TTM As of Jun. 2016)


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What is African Potash EBIT?

African Potash's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2016 was £-3.77 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was £-4.17 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. African Potash's annualized ROC % for the quarter that ended in Jun. 2016 was -74.77%. African Potash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was -8,966.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. African Potash's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was -195.46%.


African Potash EBIT Historical Data

The historical data trend for African Potash'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.

African Potash EBIT Chart

African Potash Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16
EBIT
-1.81 -1.16 -0.60 -5.67 -4.19

African Potash Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
EBIT Get a 7-Day Free Trial Premium Member Only -0.28 -0.35 -5.32 -0.41 -3.77

Competitive Comparison of African Potash's EBIT

For the Agricultural Inputs subindustry, African Potash'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.


African Potash's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, African Potash's EV-to-EBIT distribution charts can be found below:

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



African Potash 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. 2016 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-4.17 Mil.

* 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.


African Potash  (LSE:AFPO) EBIT Explanation

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

African Potash's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

ROC % (Q: Jun. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2015 ) + Invested Capital (Q: Jun. 2016 ))/ count )
=-6.272 * ( 1 - 0% )/( (8.355 + 8.422)/ 2 )
=-6.272/8.3885
=-74.77 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2016) data.

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

African Potash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2015  Q: Jun. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-7.532/( ( (0.09 + max(-0.945, 0)) + (0.078 + max(-1.088, 0)) )/ 2 )
=-7.532/( ( 0.09 + 0.078 )/ 2 )
=-7.532/0.084
=-8,966.67 %

where Working Capital is:

Working Capital(Q: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.411 + 0.534 + 0)
=-0.945

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.025 + 0 + 0.034) - (0.584 + 0.563 + 2.2204460492503E-16)
=-1.088

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2016) EBIT data.

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

African Potash's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=-4.173/2.135
=-195.46 %

* 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.


African Potash EBIT Related Terms

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African Potash (LSE:AFPO) Business Description

Traded in Other Exchanges
N/A
Address
Richmond House, St Julian's Avenue, St Peter Port, GGY, GY1 1GZ
Block Commodities Ltd is focused on building a platform for the mining, production, and distribution of fertilizer. The business operates through various segments that are Trading, which trades fertilizer; and Exploration, which explores potash properties. The company operates in one geographical segment that is Africa. It has one project namely the Lac Dinga project.

African Potash (LSE:AFPO) Headlines

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