Canterbury Resources (ASX:CBY) EBIT : A$-1.21 Mil (TTM As of Dec. 2023)

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What is Canterbury Resources EBIT?

Canterbury Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canterbury Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -10.99%. Canterbury Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canterbury Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.94%.

Canterbury Resources EBIT Historical Data

The historical data trend for Canterbury 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.

Canterbury Resources EBIT Chart

Canterbury Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-1.08

-1.29

-1.75

-1.95

-1.19

Canterbury Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial					-0.63	-1.32	-0.42	-0.77	-0.44

Competitive Comparison of Canterbury Resources's EBIT

For the Other Precious Metals & Mining subindustry, Canterbury 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.

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

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

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

Canterbury 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$-1.21 Mil.

Canterbury Resources (ASX:CBY) EBIT Explanation

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

Canterbury 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 )
=	-1.234 * ( 1 - 0% )	/	( (11.216	+	11.241)	/ 2 )
=	-1.234	/	11.2285
=	-10.99 %

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	))
=	11.595	-	0.149	-	( 0.294	-	max(0, 0.251	-	0.481	+	0.294	))
=	11.216

	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	))
=	11.814	-	0.183	-	( 0.627	-	max(0, 0.271	-	0.661	+	0.627	))
=	11.241

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:

Canterbury 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 )
=	-0.876	/	( ( (11.073 + max(-0.214, 0))	+	(11.141 + max(-0.233, 0)) )	/	2 )
=	-0.876	/	( ( 11.073	+	11.141 )	/	2 )
=	-0.876	/	11.107
=	-7.89 %

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	+	0.023)	-	(0.149	+	0	+	0.088)
=	-0.214

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.013	+	0	+	0.021)	-	(0.183	+	0	+	0.084)
=	-0.233

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.206	/	8.650
	=	-13.94 %

Canterbury Resources EBIT Related Terms

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Canterbury Resources (ASX:CBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canterbury Resources Ltd (ASX:CBY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Miller Street, Suite 301, Pyrmont, Sydney, NSW, AUS, 2009

Website

https://www.canterburyresources.com.au

Canterbury Resources Ltd is an Australia-based mineral exploration and development company. It focuses on porphyry copper-gold and epithermal gold-silver deposits in the southwest Pacific region, in particular in Australia and Papua New Guinea (PNG). Its project holdings include Ekuti Range Project, Wamum Project, and Bismarck Project in PNG; Briggs Project, Fig Tree Hill and Mannersley Project in Australia. Geographically, it operates in Papua New Guinea and Australia.

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