Heavy Rare Earths (ASX:HRE) EBIT : A$ Mil (TTM As of Dec. 2023)

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What is Heavy Rare Earths EBIT?

Heavy Rare Earths's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heavy Rare Earths's annualized ROC % for the quarter that ended in Dec. 2023 was -27.57%. Heavy Rare Earths's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -27.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Heavy Rare Earths EBIT Historical Data

The historical data trend for Heavy Rare Earths'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.

Heavy Rare Earths EBIT Chart

Heavy Rare Earths Annual Data

Trend

Jun23

EBIT

-1.82

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
EBIT	-1.29	-	-0.49

Competitive Comparison of Heavy Rare Earths's EBIT

For the Other Industrial Metals & Mining subindustry, Heavy Rare Earths'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.

Heavy Rare Earths's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Heavy Rare Earths's EV-to-EBIT falls into.

Heavy Rare Earths 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$ Mil.

Heavy Rare Earths (ASX:HRE) EBIT Explanation

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

Heavy Rare Earths'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 )
=	-0.982 * ( 1 - 0% )	/	( (3.369	+	3.755)	/ 2 )
=	-0.982	/	3.562
=	-27.57 %

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	))
=	5.564	-	0.168	-	( 2.124	-	max(0, 0.174	-	2.201	+	2.124	))
=	3.369

	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	))
=	5.145	-	0.213	-	( 1.303	-	max(0, 0.213	-	1.39	+	1.303	))
=	3.755

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:

Heavy Rare Earths'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 )
=	-0.982	/	( ( (3.363 + max(-0.15, 0))	+	(3.755 + max(-0.126, 0)) )	/	2 )
=	-0.982	/	( ( 3.363	+	3.755 )	/	2 )
=	-0.982	/	3.559
=	-27.59 %

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)
=	(0.006	+	0	+	0.018)	-	(0.168	+	0	+	0.006)
=	-0.15

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.087	+	0	+	0)	-	(0.213	+	0	+	0)
=	-0.126

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:

Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=		/	1.086
	=	%

Heavy Rare Earths EBIT Related Terms

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Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

Heavy Rare Earths (ASX:HRE) Headlines

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