WA1 Resources (ASX:WA1) EBIT : A$-2.51 Mil (TTM As of Dec. 2023)

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What is WA1 Resources EBIT?

WA1 Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-1.81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WA1 Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -29.19%. WA1 Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -29.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WA1 Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.25%.

WA1 Resources EBIT Historical Data

The historical data trend for WA1 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.

WA1 Resources EBIT Chart

WA1 Resources Annual Data

Trend

Jun22

Jun23

EBIT

-0.62

-2.22

WA1 Resources Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-	-1.52	-0.70	-1.81

Competitive Comparison of WA1 Resources's EBIT

For the Copper subindustry, WA1 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.

WA1 Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, WA1 Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where WA1 Resources's EV-to-EBIT falls into.

WA1 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$-2.51 Mil.

WA1 Resources (ASX:WA1) EBIT Explanation

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

WA1 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 )
=	-3.614 * ( 1 - 0% )	/	( (6.97	+	17.792)	/ 2 )
=	-3.614	/	12.381
=	-29.19 %

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	))
=	24.799	-	2.114	-	( 16.998	-	max(0, 2.234	-	17.949	+	16.998	))
=	6.97

	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	))
=	36.996	-	1.136	-	( 18.73	-	max(0, 1.302	-	19.37	+	18.73	))
=	17.792

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:

WA1 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 )
=	-3.614	/	( ( (6.85 + max(-1.906, 0))	+	(17.626 + max(-0.647, 0)) )	/	2 )
=	-3.614	/	( ( 6.85	+	17.626 )	/	2 )
=	-3.614	/	12.238
=	-29.53 %

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	+	0.284)	-	(2.114	+	0	+	0.076)
=	-1.906

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.531	+	0	+	0.109)	-	(1.136	+	0	+	0.151)
=	-0.647

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:

WA1 Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.505	/	985.361
	=	-0.25 %

WA1 Resources EBIT Related Terms

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WA1 Resources (ASX:WA1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » WA1 Resources Ltd (ASX:WA1) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Carrington Street, Level 2, Nedlands, WA, AUS, 6009

Website

https://www.wa1.com.au

WA1 Resources Ltd is a mineral development in Western Australia and the Northern Territory. Its projects include West Arunta, Madura, and Hidden Valley.

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