Lode Resources (ASX:LDR) EBIT : A$-0.85 Mil (TTM As of Dec. 2023)

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What is Lode Resources EBIT?

Lode Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lode Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -26.98%. Lode Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -25.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lode Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.27%.

Lode Resources EBIT Historical Data

The historical data trend for Lode 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.

Lode Resources EBIT Chart

Lode Resources Annual Data

Trend

Jun21

Jun22

Jun23

EBIT

-0.58

-0.97

-1.11

Lode Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-0.57	-0.40	-0.85	-0.26	-0.59

Competitive Comparison of Lode Resources's EBIT

For the Other Precious Metals & Mining subindustry, Lode 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.

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

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

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

Lode 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.85 Mil.

Lode Resources (ASX:LDR) EBIT Explanation

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

Lode Resources'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 )
=	-1.342 * ( 1 - 0% )	/	( (4.615	+	5.332)	/ 2 )
=	-1.342	/	4.9735
=	-26.98 %

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	))
=	9.513	-	0.571	-	( 4.846	-	max(0, 0.616	-	4.943	+	4.846	))
=	4.615

	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	))
=	8.53	-	0.053	-	( 3.228	-	max(0, 0.148	-	3.293	+	3.228	))
=	5.332

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:

Lode Resources'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 )
=	-1.172	/	( ( (4.325 + max(-0.61, 0))	+	(4.813 + max(-0.05, 0)) )	/	2 )
=	-1.172	/	( ( 4.325	+	4.813 )	/	2 )
=	-1.172	/	4.569
=	-25.65 %

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	+	0.0039999999999996)	-	(0.571	+	0	+	0.043)
=	-0.61

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.032	+	0	+	0.033)	-	(0.053	+	0	+	0.062)
=	-0.05

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.846	/	7.504
	=	-11.27 %

Lode Resources EBIT Related Terms

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Lode Resources (ASX:LDR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

ESN Partners 'Australia Square', Level 30, 264-278 George Street, Sydney, NSW, AUS, 2000

Website

https://www.loderesources.com

Lode Resources Ltd is a junior exploration company. It owns Webbs Consol Silver project, Uralla Gold project, Fender Copper project, Elsinore Copper project, Thor and Tea Tree Gold project located in the New England Fold Belt in northern NSW.