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Mongolian Mining (Mongolian Mining) EBIT : $371 Mil (TTM As of Dec. 2023)


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What is Mongolian Mining EBIT?

Mongolian Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $162 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $371 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mongolian Mining's annualized ROC % for the quarter that ended in Dec. 2023 was 12.84%. Mongolian Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 30.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mongolian Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.14%.


Mongolian Mining EBIT Historical Data

The historical data trend for Mongolian Mining'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.

Mongolian Mining EBIT Chart

Mongolian Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 181.42 86.39 -13.78 101.74 370.92

Mongolian Mining Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.73 -30.85 132.58 209.41 161.51

Competitive Comparison of Mongolian Mining's EBIT

For the Coking Coal subindustry, Mongolian Mining'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.


Mongolian Mining's EV-to-EBIT Distribution in the Steel Industry

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

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



Mongolian Mining 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 $371 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.


Mongolian Mining  (OTCPK:MOGLF) EBIT Explanation

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

Mongolian Mining'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 )
=349.922 * ( 1 - 28.19% )/( (2088.38 + 1825.985)/ 2 )
=251.2789882/1957.1825
=12.84 %

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))
=1982.804 - 210.809 - ( 208.219 - max(0, 730.762 - 414.377+208.219))
=2088.38

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))
=2008.441 - 195.985 - ( 175.799 - max(0, 433.432 - 419.903+175.799))
=1825.985

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:

Mongolian Mining'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 )
=323.018/( ( (1038.785 + max(-194.007, 0)) + (1079.769 + max(-230.816, 0)) )/ 2 )
=323.018/( ( 1038.785 + 1079.769 )/ 2 )
=323.018/1059.277
=30.49 %

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)
=(11.949 + 99.172 + 84.027) - (210.809 + 0 + 178.346)
=-194.007

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33.7 + 98.952 + 69.964) - (195.985 + 0 + 237.447)
=-230.816

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:

Mongolian Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=370.916/1272.880
=29.14 %

* 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.


Mongolian Mining EBIT Related Terms

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Mongolian Mining (Mongolian Mining) Business Description

Traded in Other Exchanges
Address
Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200
Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

Mongolian Mining (Mongolian Mining) Headlines

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