Sunshine Metals (ASX:SHN) EBIT : A$-3.66 Mil (TTM As of Dec. 2023)

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What is Sunshine Metals EBIT?

Sunshine Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sunshine Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -8.40%. Sunshine Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -8.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sunshine Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.74%.

Sunshine Metals EBIT Historical Data

The historical data trend for Sunshine Metals'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.

Sunshine Metals EBIT Chart

Sunshine Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.75

-0.58

-1.32

-1.17

-3.59

Sunshine Metals 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															-0.64	-0.54	-0.58	-3.01	-0.66

Competitive Comparison of Sunshine Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Sunshine Metals'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.

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

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

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

Sunshine Metals 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$-3.66 Mil.

Sunshine Metals (ASX:SHN) EBIT Explanation

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

Sunshine Metals'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 )
=	-1.312 * ( 1 - 0% )	/	( (13.428	+	17.793)	/ 2 )
=	-1.312	/	15.6105
=	-8.40 %

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	))
=	16.742	-	0.323	-	( 3.33	-	max(0, 0.478	-	3.469	+	3.33	))
=	13.428

	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	))
=	19.872	-	0.889	-	( 2.07	-	max(0, 1.053	-	2.243	+	2.07	))
=	17.793

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:

Sunshine Metals'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 )
=	-1.312	/	( ( (13.06 + max(-0.378, 0))	+	(17.338 + max(-0.777, 0)) )	/	2 )
=	-1.312	/	( ( 13.06	+	17.338 )	/	2 )
=	-1.312	/	15.199
=	-8.63 %

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	+	-4.4408920985006E-16)	-	(0.323	+	0	+	0.055)
=	-0.378

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.173	+	0	+	0)	-	(0.889	+	0	+	0.061)
=	-0.777

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:

Sunshine Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.661	/	26.644
	=	-13.74 %

Sunshine Metals EBIT Related Terms

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Sunshine Metals (ASX:SHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sunshine Metals Ltd (ASX:SHN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Mackley Street, Unit 1, Garbutt, QLD, AUS, 4814

Website

https://www.shnmetals.com.au

Sunshine Metals Ltd is focused on discovery and development at its high quality gold and copper projects in Queensland, comprising Ravenswood Consolidated, Triumph, Investigator and Hodgkinson projects.

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