Blaze Minerals (ASX:BLZ) EBIT : A$-2.76 Mil (TTM As of Dec. 2023)

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What is Blaze Minerals EBIT?

Blaze Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.76 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Blaze Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -82.16%. Blaze Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -82.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Blaze Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -138.52%.

Blaze Minerals EBIT Historical Data

The historical data trend for Blaze Minerals'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.

Blaze Minerals EBIT Chart

Blaze Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.64

-0.75

-1.03

-1.61

-1.08

Blaze Minerals 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															-0.54	-1.07	-0.56	-0.52	-2.25

Competitive Comparison of Blaze Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, Blaze Minerals'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.

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

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

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

Blaze Minerals 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$-2.76 Mil.

Blaze Minerals (ASX:BLZ) EBIT Explanation

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

Blaze Minerals'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 )
=	-4.49 * ( 1 - 0% )	/	( (5.499	+	5.431)	/ 2 )
=	-4.49	/	5.465
=	-82.16 %

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	))
=	6.777	-	0.135	-	( 1.257	-	max(0, 0.135	-	1.278	+	1.257	))
=	5.499

	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	))
=	6.622	-	0.042	-	( 1.149	-	max(0, 0.042	-	1.449	+	1.149	))
=	5.431

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:

Blaze Minerals'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 )
=	-4.49	/	( ( (5.499 + max(-0.135, 0))	+	(5.173 + max(0.258, 0)) )	/	2 )
=	-4.49	/	( ( 5.499	+	5.431 )	/	2 )
=	-4.49	/	5.465
=	-82.16 %

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	+	2.2204460492503E-16)	-	(0.135	+	0	+	0)
=	-0.135

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.05	+	0	+	0.25)	-	(0.042	+	0	+	0)
=	0.258

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:

Blaze Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.762	/	1.994
	=	-138.52 %

Blaze Minerals EBIT Related Terms

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Blaze Minerals (ASX:BLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blaze Minerals Ltd (ASX:BLZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 Churchill Avenue, Suite 9, Subiaco, WA, AUS, 6008

Website

https://www.blazelimited.com.au

Blaze Minerals Ltd is an exploration company. Its exploration portfolio supports a business model designed to facilitate the discovery and development of economic mineral deposits. The focuses of Blaze is gold exploration and development of its projects located in the Murchison and North Eastern Goldfields of Western Australia. It holds base metals exploration projects in the Earaheedy Basin of Western Australia.

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