Haranga Resources (ASX:HAR) EBIT : A$-3.63 Mil (TTM As of Jun. 2023)

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What is Haranga Resources EBIT?

Haranga Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-1.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$-3.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Haranga Resources's annualized ROC % for the quarter that ended in Jun. 2023 was -134.05%. Haranga Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -134.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Haranga Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -54.05%.

Haranga Resources EBIT Historical Data

The historical data trend for Haranga Resources'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.

Haranga Resources EBIT Chart

Haranga Resources Annual Data

Trend

Dec22

Dec23

EBIT

-3.97

-3.63

Haranga Resources Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-2.12	-1.85	-1.44	-2.20

Competitive Comparison of Haranga Resources's EBIT

For the Other Precious Metals & Mining subindustry, Haranga Resources'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.

Haranga Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Haranga Resources 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.63 Mil.

Haranga Resources (ASX:HAR) EBIT Explanation

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

Haranga Resources's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-2.87 * ( 1 - 0% )	/	( (2.107	+	2.175)	/ 2 )
=	-2.87	/	2.141
=	-134.05 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	4.461	-	1.065	-	( 2.29	-	max(0, 1.065	-	2.354	+	2.29	))
=	2.107

	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	))
=	2.862	-	0.37	-	( 0.651	-	max(0, 0.37	-	0.687	+	0.651	))
=	2.175

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

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

Haranga Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.87	/	( ( (2.107 + max(-1.001, 0))	+	(2.175 + max(-0.334, 0)) )	/	2 )
=	-2.87	/	( ( 2.107	+	2.175 )	/	2 )
=	-2.87	/	2.141
=	-134.05 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.023	+	0	+	0.041)	-	(1.065	+	0	+	0)
=	-1.001

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.007	+	0	+	0.029)	-	(0.37	+	0	+	0)
=	-0.334

When net working capital is negative, 0 is used.

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

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

Haranga Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-3.634	/	6.724
	=	-54.05 %

Haranga Resources EBIT Related Terms

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Haranga Resources (ASX:HAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Haranga Resources Ltd (ASX:HAR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

65E0:Germany

Address

63 Shepperton Road, Suite 7, Victoria Park, WA, AUS, 6100

Website

https://www.haranga.com

Haranga Resources Ltd is engaged in exploring gold and uranium assets in West Africa. Its project portfolio includes Issia Gold Project, Burkina Faso, Uranium Today, and Saraya Uranium Project.

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