GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (OTCPK:SMRAF) » Definitions » EBIT

Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) EBIT : $1,410 Mil (TTM As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Sociedad Minera Cerro VerdeA EBIT?

Sociedad Minera Cerro VerdeA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1,410 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,410 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sociedad Minera Cerro VerdeA's annualized ROC % for the quarter that ended in Dec. 2023 was 11.11%. Sociedad Minera Cerro VerdeA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sociedad Minera Cerro VerdeA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.36%.


Sociedad Minera Cerro VerdeA EBIT Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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.

Sociedad Minera Cerro VerdeA EBIT Chart

Sociedad Minera Cerro VerdeA Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 796.38 579.99 1,955.72 1,443.71 1,409.99

Sociedad Minera Cerro VerdeA Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 796.38 579.99 1,955.72 1,443.71 1,409.99

Competitive Comparison of Sociedad Minera Cerro VerdeA's EBIT

For the Copper subindustry, Sociedad Minera Cerro VerdeA'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.


Sociedad Minera Cerro VerdeA's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sociedad Minera Cerro VerdeA's EV-to-EBIT falls into.



Sociedad Minera Cerro VerdeA 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 $1,410 Mil.

* 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.


Sociedad Minera Cerro VerdeA  (OTCPK:SMRAF) EBIT Explanation

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

Sociedad Minera Cerro VerdeA'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 )
=1341.119 * ( 1 - 41.46% )/( (7041.95 + 7087.606)/ 2 )
=785.0910626/7064.778
=11.11 %

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))
=7993.863 - 398.149 - ( 553.764 - max(0, 564.058 - 1946.762+553.764))
=7041.95

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))
=7930.91 - 333.688 - ( 509.616 - max(0, 460.991 - 1789.427+509.616))
=7087.606

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

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

Sociedad Minera Cerro VerdeA'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 )
=1409.99/( ( (5387.377 + max(835.968, 0)) + (5528.663 + max(828.729, 0)) )/ 2 )
=1409.99/( ( 6223.345 + 6357.392 )/ 2 )
=1409.99/6290.3685
=22.42 %

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)
=(0.099 + 650.211 + 742.688) - (398.149 + 0 + 158.881)
=835.968

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.03 + 643.507 + 636.274) - (333.688 + 0 + 117.394)
=828.729

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:

Sociedad Minera Cerro VerdeA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1409.99/16873.176
=8.36 %

* 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.


Sociedad Minera Cerro VerdeA EBIT Related Terms

Thank you for viewing the detailed overview of Sociedad Minera Cerro VerdeA's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Business Description

Traded in Other Exchanges
Address
Avenue Alfonso Ugarte 304, Arequipa, PER
Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Headlines

No Headlines