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MTAL (Metals Acquisition) EBIT : $-23.61 Mil (TTM As of Jun. 2024)


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What is Metals Acquisition EBIT?

Metals Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-23.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metals Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 was 0.00%. Metals Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metals Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1.70%.


Metals Acquisition EBIT Historical Data

The historical data trend for Metals Acquisition'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.

Metals Acquisition EBIT Chart

Metals Acquisition Annual Data
Trend Dec21 Dec22 Dec23
EBIT
- -4.74 -118.95

Metals Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 -5.19 -18.42 - -

Competitive Comparison of Metals Acquisition's EBIT

For the Copper subindustry, Metals Acquisition'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.


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

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

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



Metals Acquisition 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23.61 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.


Metals Acquisition  (NYSE:MTAL) EBIT Explanation

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

Metals Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=0 * ( 1 - 0% )/( (1416.836 + 1312.255)/ 2 )
=0/1364.5455
=0.00 %

where

Invested Capital(Q: Jun. 2024 )
=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))
=1328.607 - 38.768 - ( 88.738 - max(0, 143.272 - 120.856+88.738))
=1312.255

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Metals Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (1212.833 + max(-131.372, 0)) + (1205.965 + max(-55.042, 0)) )/ 2 )
=0/( ( 1212.833 + 1205.965 )/ 2 )
=0/1209.399
=0.00 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.456 + 21.528 + 31.794) - (91.038 + 88.929 + 36.183)
=-131.372

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.509 + 22.683 + 0.92599999999999) - (38.768 + 0 + 48.392)
=-55.042

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Metals Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-23.605/1384.621
=-1.70 %

* 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.


Metals Acquisition EBIT Related Terms

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Metals Acquisition Business Description

Traded in Other Exchanges
Address
44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG
Metals Acquisition Ltd is a company focused on operating and acquiring metals and mining businesses in high-quality, stable jurisdictions that are critical in the electrification and decarbonization of the economy. It works in a single segment: the mining and production of copper and silver from the CSA Mine.
Executives
Patrice E Merrin director 92 BIRCH AVENUE, TORONTO A6 M4V1C8
Rhett Bennett director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Michael Mcmullen director, officer: Chief Executive Officer P O BOX 1523, WEST PERTH C3 6872
Green Mountain Metals Llc 10 percent owner 425 HOUSTON STREET, FORT WORTH TX 76102
Charles D Mcconnell director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Rasmus Kristoffer Gerdeman director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Neville Joseph Power director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Dan Vujcic officer: Chief Development Officer 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Marthinus J Crouse officer: Chief Financial Officer 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102