Alba Mineral Resources (LSE:ALBA) EBIT : £-0.19 Mil (TTM As of Nov. 2023)

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What is Alba Mineral Resources EBIT?

Alba Mineral Resources's earnings before interest and taxes (EBIT) for the six months ended in Nov. 2023 was £-2.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was £-0.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alba Mineral Resources's annualized ROC % for the quarter that ended in Nov. 2023 was -4.23%. Alba Mineral Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -239.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alba Mineral Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -4.43%.

Alba Mineral Resources EBIT Historical Data

The historical data trend for Alba Mineral 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.

Alba Mineral Resources EBIT Chart

Alba Mineral Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

EBIT

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-1.31

-1.97

-1.84

-2.61

-0.19

Alba Mineral Resources Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
EBIT	Get a 7-Day Free Trial															-1.27	-0.81	-1.79	2.10	-2.30

Competitive Comparison of Alba Mineral Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Alba Mineral 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.

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

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

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

Alba Mineral 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.19 Mil.

Alba Mineral Resources (LSE:ALBA) EBIT Explanation

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

Alba Mineral Resources's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	-0.448 * ( 1 - 0% )	/	( (11.344	+	9.848)	/ 2 )
=	-0.448	/	10.596
=	-4.23 %

where

	Invested Capital		(Q: May. 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	))
=	11.519	-	0.257	-	( 0.058	-	max(0, 0.257	-	0.175	+	0.058	))
=	11.344

	Invested Capital		(Q: Nov. 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	))
=	9.92	-	0.107	-	( 0.097	-	max(0, 0.22	-	0.185	+	0.097	))
=	9.848

Note: The Operating Income data used here is two times the semi-annual (Nov. 2023) data.

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

Alba Mineral Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2023		Q: Nov. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.594	/	( ( (0.144 + max(-0.14, 0))	+	(3.688 + max(-0.22, 0)) )	/	2 )
=	-4.594	/	( ( 0.144	+	3.688 )	/	2 )
=	-4.594	/	1.916
=	-239.77 %

where Working Capital is:

	Working Capital		(Q: May. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.117	+	0	+	-2.7755575615629E-17)	-	(0.257	+	0	+	0)
=	-0.14

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.107	+	0	+	0.113)
=	-0.22

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Nov. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2023 )
	=	-0.194	/	4.375
	=	-4.43 %

Alba Mineral Resources EBIT Related Terms

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Alba Mineral Resources (LSE:ALBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alba Mineral Resources PLC (LSE:ALBA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ALBAF:USA ALBA.GB:UK

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.albamineralresources.com

Alba Mineral Resources PLC is an explorer with a commodity and owns and operates mining projects in Greenland (graphite, ilmenite, and iron ore), Wales (gold), as well as having an investment in the onshore UK oil and gas sector. The Group currently only has one primary reporting business segment, exploration and development. It operates geographically in areas including the Republic of Ireland, Greenland and England & Wales. Its project includes Clogau Gold Project, GreenRoc Mining plc- Amitsoq Graphite Project, Horse Hill Oil Project and Limerick Base Metals.

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