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Aldoro Resources (ASX:ARN) EBIT : A$-5.20 Mil (TTM As of Dec. 2023)


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What is Aldoro Resources EBIT?

Aldoro Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aldoro Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -16.89%. Aldoro Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -18.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aldoro Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -64.65%.


Aldoro Resources EBIT Historical Data

The historical data trend for Aldoro 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.

Aldoro Resources EBIT Chart

Aldoro Resources Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
-0.43 -1.64 -2.50 -1.94 -4.91

Aldoro Resources Semi-Annual Data
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 -1.10 -0.85 -0.63 -4.28 -0.92

Competitive Comparison of Aldoro Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Aldoro 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.


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

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

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



Aldoro 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$-5.20 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.


Aldoro Resources  (ASX:ARN) EBIT Explanation

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

Aldoro 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 )
=-1.838 * ( 1 - 0% )/( (10.175 + 11.593)/ 2 )
=-1.838/10.884
=-16.89 %

where

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:

Aldoro 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 )
=-1.838/( ( (9.424 + max(-0.473, 0)) + (10.343 + max(-0.078, 0)) )/ 2 )
=-1.838/( ( 9.424 + 10.343 )/ 2 )
=-1.838/9.8835
=-18.60 %

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 + 0.017) - (0.49 + 0 + 0)
=-0.473

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.101 + 0 + -0.00099999999999989) - (0.178 + 0 + 0)
=-0.078

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-5.203/8.048
=-64.65 %

* 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.


Aldoro Resources EBIT Related Terms

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Aldoro Resources (ASX:ARN) Business Description

Traded in Other Exchanges
N/A
Address
23 Railway Road, Suite 11, 12 Level 2, Subiaco, Perth, WA, AUS, 6008
Aldoro Resources Ltd is an exploration company established to explore and develop gold and nickel mineral properties. Its projects include the Narndee Igneous Complex, the Kameelburg Ree Project, the Niobe Project, the Wyemandoo critical mineral project, and other mineral projects. The Group operates only in one reportable segment being predominately in the area of gold and nickel mineral exploration in Australia.

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