Castillo Copper (ASX:CCZ) EBIT : A$-7.03 Mil (TTM As of Dec. 2023)

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What is Castillo Copper EBIT?

Castillo Copper's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-7.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Castillo Copper's annualized ROC % for the quarter that ended in Dec. 2023 was -15.11%. Castillo Copper's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Castillo Copper's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -95.63%.

Castillo Copper EBIT Historical Data

The historical data trend for Castillo Copper'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.

Castillo Copper EBIT Chart

Castillo Copper Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-1.93

-1.78

-1.67

-1.63

-6.96

Castillo Copper 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															-0.81	-0.82	-0.62	-6.34	-0.69

Competitive Comparison of Castillo Copper's EBIT

For the Copper subindustry, Castillo Copper'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.

Castillo Copper's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Castillo Copper 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$-7.03 Mil.

Castillo Copper (ASX:CCZ) EBIT Explanation

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

Castillo Copper'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 )
=	-1.386 * ( 1 - 0% )	/	( (9.224	+	9.121)	/ 2 )
=	-1.386	/	9.1725
=	-15.11 %

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	))
=	12.2	-	0.128	-	( 2.898	-	max(0, 0.128	-	2.976	+	2.898	))
=	9.224

	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	))
=	10.953	-	0.084	-	( 1.748	-	max(0, 0.084	-	2.169	+	1.748	))
=	9.121

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:

Castillo Copper'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 )
=	-1.386	/	( ( (8.736 + max(-0.088, 0))	+	(8.297 + max(0.337, 0)) )	/	2 )
=	-1.386	/	( ( 8.736	+	8.634 )	/	2 )
=	-1.386	/	8.685
=	-15.96 %

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	+	0.04)	-	(0.128	+	0	+	0)
=	-0.088

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.121	+	0	+	0.3)	-	(0.084	+	0	+	0)
=	0.337

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:

Castillo Copper's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-7.028	/	7.349
	=	-95.63 %

Castillo Copper EBIT Related Terms

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Castillo Copper (ASX:CCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Castillo Copper Ltd (ASX:CCZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CCZ:UK 7OR:Germany

Address

45 Ventnor Avenue, West Perth, Perth, WA, AUS, 6005

Website

https://www.castillocopper.com

Castillo Copper Ltd is an Australian metal explorer focused on copper, cobalt, zinc, and nickel exploration operating assets in eastern Australia. The company currently holds copper projects in Queensland and New South Wales in Australia as well as copper projects in Zambia. It is predominantly focused on the Mt Oxide Project in Queensland; the Zambian Copper Projects' Broken Hill Project and Cangai Copper Project.