Tolu Minerals (ASX:TOK) EBIT : A$-4.53 Mil (TTM As of Dec. 2023)

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What is Tolu Minerals EBIT?

Tolu Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-4.53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.53 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tolu Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -35.30%. Tolu Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -38.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tolu Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.81%.

Tolu Minerals EBIT Historical Data

The historical data trend for Tolu Minerals'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.

Tolu Minerals EBIT Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-0.73

-2.33

-4.53

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
EBIT	-	-0.73	-2.33	-4.53

Competitive Comparison of Tolu Minerals's EBIT

For the Other Precious Metals & Mining subindustry, Tolu Minerals'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.

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

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

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

Tolu Minerals 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.53 Mil.

Tolu Minerals (ASX:TOK) EBIT Explanation

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

Tolu Minerals'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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-4.653 * ( 1 - 0% )	/	( (15.232	+	11.13)	/ 2 )
=	-4.653	/	13.181
=	-35.30 %

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	))
=	31.368	-	0.983	-	( 16.1	-	max(0, 1.026	-	16.179	+	16.1	))
=	15.232

	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	))
=	23.756	-	1.143	-	( 12.617	-	max(0, 1.579	-	13.062	+	12.617	))
=	11.13

Note: The Operating Income data used here is one times the annual (Dec. 2023) data.

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

Tolu Minerals'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: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.528	/	( ( (15.189 + max(-0.904, 0))	+	(8.242 + max(-0.715, 0)) )	/	2 )
=	-4.528	/	( ( 15.189	+	8.242 )	/	2 )
=	-4.528	/	11.7155
=	-38.65 %

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)
=	(0.079	+	0	+	-3.5527136788005E-15)	-	(0.983	+	0	+	0)
=	-0.904

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.261	+	0	+	0.184)	-	(1.143	+	0	+	0.017)
=	-0.715

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

Tolu Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.528	/	57.994
	=	-7.81 %

Tolu Minerals EBIT Related Terms

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Tolu Minerals (ASX:TOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tolu Minerals Ltd (ASX:TOK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.