Stanmore Resources (ASX:SMR) EBIT : A$1,122 Mil (TTM As of Dec. 2023)

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What is Stanmore Resources EBIT?

Stanmore Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$351 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$1,122 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stanmore Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -1.16%. Stanmore Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Stanmore Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.61%.

Stanmore Resources EBIT Historical Data

The historical data trend for Stanmore 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.

Stanmore Resources EBIT Chart

Stanmore Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

EBIT

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139.81

59.90

33.28

1,320.76

1,123.64

Stanmore Resources 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															55.41	538.18	760.27	770.48	351.09

Competitive Comparison of Stanmore Resources's EBIT

For the Coking Coal subindustry, Stanmore 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.

Stanmore Resources's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Stanmore Resources's EV-to-EBIT distribution charts can be found below:

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

Stanmore 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$1,122 Mil.

Stanmore Resources (ASX:SMR) EBIT Explanation

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

Stanmore 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 )
=	-77.39 * ( 1 - 31.23% )	/	( (4293.286	+	4866.855)	/ 2 )
=	-53.221103	/	4580.0705
=	-1.16 %

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	))
=	4976.451	-	393.658	-	( 627.141	-	max(0, 1026.759	-	1316.266	+	627.141	))
=	4293.286

	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	))
=	5386.468	-	505.719	-	( 666.772	-	max(0, 1476.52	-	1490.414	+	666.772	))
=	4866.855

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:

Stanmore 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 )
=	702.18	/	( ( (3504.033 + max(-90.741, 0))	+	(3795.208 + max(-311.947, 0)) )	/	2 )
=	702.18	/	( ( 3504.033	+	3795.208 )	/	2 )
=	702.18	/	3649.6205
=	19.24 %

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)
=	(378.013	+	269.69	+	41.422)	-	(393.658	+	314.241	+	71.967)
=	-90.741

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(357.664	+	272.954	+	127.886)	-	(505.719	+	254.428	+	310.304)
=	-311.947

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1121.569	/	3439.153
	=	32.61 %

Stanmore Resources EBIT Related Terms

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Stanmore Resources (ASX:SMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Stanmore Resources Ltd (ASX:SMR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

STMRF:USA S0D:Germany

Address

12 Creek Street, Level 32, Brisbane, QLD, AUS, 4000

Website

https://www.stanmore.net.au

Stanmore Resources Ltd is an Australian resources company with operations and exploration projects in the Bowen and Surat Basins. Its foundation asset is the Isaac Plains Complex that comprises current open-cut operations at Isaac Plains East and the Isaac Downs Open Cut, as well as the Isaac Plains Underground development project.