Carawine Resources (ASX:CWX) EBIT : A$-1.16 Mil (TTM As of Dec. 2023)

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What is Carawine Resources EBIT?

Carawine Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carawine Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -6.16%. Carawine Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carawine Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.91%.

Carawine Resources EBIT Historical Data

The historical data trend for Carawine 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.

Carawine Resources EBIT Chart

Carawine Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.95

-1.62

-1.30

-1.66

-1.04

Carawine Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial								-0.33	-1.33	-0.50	-0.55	-0.61

Competitive Comparison of Carawine Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Carawine 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.

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

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

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

Carawine 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$-1.16 Mil.

Carawine Resources (ASX:CWX) EBIT Explanation

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

Carawine 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 )
=	-1.22 * ( 1 - 0% )	/	( (19.039	+	20.578)	/ 2 )
=	-1.22	/	19.8085
=	-6.16 %

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	))
=	22.505	-	0.315	-	( 3.814	-	max(0, 0.824	-	3.975	+	3.814	))
=	19.039

	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	))
=	25.976	-	0.378	-	( 5.472	-	max(0, 0.648	-	5.668	+	5.472	))
=	20.578

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:

Carawine 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 )
=	-1.22	/	( ( (18.496 + max(-0.606, 0))	+	(20.278 + max(-0.182, 0)) )	/	2 )
=	-1.22	/	( ( 18.496	+	20.278 )	/	2 )
=	-1.22	/	19.387
=	-6.29 %

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	+	0.161)	-	(0.315	+	0	+	0.452)
=	-0.606

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.196)	-	(0.378	+	0	+	0)
=	-0.182

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.159	/	19.618
	=	-5.91 %

Carawine Resources EBIT Related Terms

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Carawine Resources (ASX:CWX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Kings Park Road, Level 1, West Perth, WA, AUS, 6005

Website

https://www.carawine.com.au

Carawine Resources Ltd is a mineral exploration company. It focuses on the exploration and development of gold, copper, cobalt, and base metal within Western Australia and Victoria. The company has five exploration projects: the Jamieson project, Tropicana North Project, Oakover project, Paterson project, and Fraser Range project.

Carawine Resources (ASX:CWX) Headlines

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