CGN Resources (ASX:CGR) EBIT : A$ Mil (TTM As of Jun. 2023)

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What is CGN Resources EBIT?

CGN Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-0.44 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CGN Resources's annualized ROC % for the quarter that ended in Jun. 2023 was %. CGN Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -88,800.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

CGN Resources EBIT Historical Data

The historical data trend for CGN 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.

CGN Resources EBIT Chart

CGN Resources Annual Data

Trend

Jun21

Jun22

Jun23

EBIT

-0.20

-0.73

-0.44

CGN Resources Semi-Annual Data
	Jun21	Jun22	Jun23
EBIT	-0.20	-0.73	-0.44

Competitive Comparison of CGN Resources's EBIT

For the Other Industrial Metals & Mining subindustry, CGN 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.

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

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

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

CGN 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was A$ Mil.

CGN Resources (ASX:CGR) EBIT Explanation

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

CGN Resources's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.444 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.444	/	0
=	%

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	0.301	-	0.321	-	( 0.158	-	max(0, 0.321	-	0.301	+	0.158	))
=	0

	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	))
=	10.084	-	0.108	-	( 10.079	-	max(0, 0.108	-	10.084	+	10.079	))
=	0

Note: The Operating Income data used here is one times the annual (Jun. 2023) data.

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

CGN Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.444	/	( ( (0.001 + max(-0.178, 0))	+	(0 + max(-0.103, 0)) )	/	2 )
=	-0.444	/	( ( 0.001	+	0 )	/	2 )
=	-0.444	/	0.0005
=	-88,800.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.143	+	0	+	0)	-	(0.321	+	0	+	0)
=	-0.178

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.005	+	0	+	-1.7763568394003E-15)	-	(0.108	+	0	+	0)
=	-0.103

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=		/	20.821
	=	%

CGN Resources EBIT Related Terms

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CGN Resources (ASX:CGR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Richardson Street, Suite 4, Perth, WA, AUS, 6005

Website

https://www.cgnresources.com.au

CGN Resources Ltd is an exploration-focused mining company targeting copper, nickel, and specialty metals in Western Australia's West Arunta Region. The Company's main objective is to provide a return to Shareholders through the successful exploration, discovery and development of high value base and precious metal resources.

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