Australian Mines (ASX:AUZ) EBIT : A$-3.78 Mil (TTM As of Dec. 2023)

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What is Australian Mines EBIT?

Australian Mines's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.78 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Australian Mines's annualized ROC % for the quarter that ended in Dec. 2023 was -8.95%. Australian Mines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Australian Mines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -40.91%.

Australian Mines EBIT Historical Data

The historical data trend for Australian Mines'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.

Australian Mines EBIT Chart

Australian Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-9.80

-3.30

-3.10

-5.79

-3.30

Australian Mines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-2.38	-3.41	-1.53	-1.77	-2.01

Competitive Comparison of Australian Mines's EBIT

For the Other Industrial Metals & Mining subindustry, Australian Mines'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.

Australian Mines's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Australian Mines 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.78 Mil.

Australian Mines (ASX:AUZ) EBIT Explanation

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

Australian Mines's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-3.986 * ( 1 - 0% )	/	( (44.262	+	44.764)	/ 2 )
=	-3.986	/	44.513
=	-8.95 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	45.315	-	0.218	-	( 4.633	-	max(0, 3.846	-	4.681	+	4.633	))
=	44.262

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	44.906	-	0.079	-	( 3.861	-	max(0, 4.127	-	4.19	+	3.861	))
=	44.764

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Australian Mines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.028	/	( ( (40.607 + max(-3.798, 0))	+	(40.675 + max(-3.277, 0)) )	/	2 )
=	-4.028	/	( ( 40.607	+	40.675 )	/	2 )
=	-4.028	/	40.641
=	-9.91 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.027	+	0	+	0.021)	-	(0.218	+	0	+	3.628)
=	-3.798

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.132	+	0	+	0.197)	-	(0.079	+	0	+	3.527)
=	-3.277

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Australian Mines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.783	/	9.247
	=	-40.91 %

Australian Mines EBIT Related Terms

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Australian Mines (ASX:AUZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Mines Ltd (ASX:AUZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AMSLF:USA MJH:Germany

Address

1 Eagle Street, Level 34, Brisbane, QLD, AUS, 4000

Website

https://www.australianmines.com.au

Australian Mines Ltd is a resource company. It is engaged in the exploration of battery metals. The company is developing cobalt-scandium-nickel projects in Australia. Its projects include the Sconi project, Flemington project, Thackaringa Cobalt project, and Bell Creek Nickel- cobalt Project. The Company operates in one reportable segment, being mining in Australia. It operates in one single reportable geographical segment which is Australia.

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