Black Rock Mining (ASX:BKT) EBIT : A$-10.08 Mil (TTM As of Dec. 2023)

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What is Black Rock Mining EBIT?

Black Rock Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-5.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-10.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Black Rock Mining's annualized ROC % for the quarter that ended in Dec. 2023 was -20.62%. Black Rock Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -21.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Black Rock Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -17.03%.

Black Rock Mining EBIT Historical Data

The historical data trend for Black Rock Mining'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.

Black Rock Mining EBIT Chart

Black Rock Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-2.85

-3.27

-3.14

-6.50

-9.84

Black Rock Mining 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															-1.94	-4.56	-4.98	-4.86	-5.22

Competitive Comparison of Black Rock Mining's EBIT

For the Other Industrial Metals & Mining subindustry, Black Rock Mining'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.

Black Rock Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Black Rock Mining's EV-to-EBIT falls into.

Black Rock Mining 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$-10.08 Mil.

Black Rock Mining (ASX:BKT) EBIT Explanation

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

Black Rock Mining'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 )
=	-10.442 * ( 1 - 0% )	/	( (49.27	+	52.031)	/ 2 )
=	-10.442	/	50.6505
=	-20.62 %

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	))
=	61.318	-	2.083	-	( 11.459	-	max(0, 3.294	-	13.259	+	11.459	))
=	49.27

	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	))
=	56.271	-	0.755	-	( 5.032	-	max(0, 1.984	-	5.469	+	5.032	))
=	52.031

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:

Black Rock Mining'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 )
=	-10.442	/	( ( (48.059 + max(-2.294, 0))	+	(50.802 + max(-1.348, 0)) )	/	2 )
=	-10.442	/	( ( 48.059	+	50.802 )	/	2 )
=	-10.442	/	49.4305
=	-21.12 %

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	+	0	+	0.792)	-	(2.083	+	0	+	1.003)
=	-2.294

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.437	+	0	+	0)	-	(0.755	+	0	+	1.03)
=	-1.348

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:

Black Rock Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-10.083	/	59.192
	=	-17.03 %

Black Rock Mining EBIT Related Terms

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Black Rock Mining (ASX:BKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Black Rock Mining Ltd (ASX:BKT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 1, 1 Walker Avenue, West Perth, Perth, WA, AUS, 6005

Website

https://www.blackrockmining.com.au

Black Rock Mining Ltd is a graphite exploration company. The company is engaged in exploring and developing its Mahenge graphite project in Tanzania.