Mt Malcolm Mines NL (ASX:M2M) EBIT : A$-1.27 Mil (TTM As of Dec. 2023)

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What is Mt Malcolm Mines NL EBIT?

Mt Malcolm Mines NL's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mt Malcolm Mines NL's annualized ROC % for the quarter that ended in Dec. 2023 was -15.66%. Mt Malcolm Mines NL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mt Malcolm Mines NL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.70%.

Mt Malcolm Mines NL EBIT Historical Data

The historical data trend for Mt Malcolm Mines NL'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.

Mt Malcolm Mines NL EBIT Chart

Mt Malcolm Mines NL Annual Data

Trend

Jun22

Jun23

EBIT

-1.37

Mt Malcolm Mines NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-0.85	-0.52	-0.69	-0.68	-0.59

Competitive Comparison of Mt Malcolm Mines NL's EBIT

For the Gold subindustry, Mt Malcolm Mines NL'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.

Mt Malcolm Mines NL's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mt Malcolm Mines NL's EV-to-EBIT falls into.

Mt Malcolm Mines NL 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$-1.27 Mil.

Mt Malcolm Mines NL (ASX:M2M) EBIT Explanation

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

Mt Malcolm Mines NL'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 )
=	-1.196 * ( 1 - 0% )	/	( (7.132	+	8.146)	/ 2 )
=	-1.196	/	7.639
=	-15.66 %

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	))
=	7.883	-	0.321	-	( 0.734	-	max(0, 0.412	-	0.842	+	0.734	))
=	7.132

	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	))
=	8.112	-	0.283	-	( 0.368	-	max(0, 0.894	-	0.577	+	0.368	))
=	8.146

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:

Mt Malcolm Mines NL'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 )
=	-1.178	/	( ( (7.034 + max(-0.288, 0))	+	(7.526 + max(-0.16, 0)) )	/	2 )
=	-1.178	/	( ( 7.034	+	7.526 )	/	2 )
=	-1.178	/	7.28
=	-16.18 %

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	+	0.098)	-	(0.321	+	0	+	0.065)
=	-0.288

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.179	+	0	+	0.03)	-	(0.283	+	0	+	0.086)
=	-0.16

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:

Mt Malcolm Mines NL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.268	/	3.878
	=	-32.70 %

Mt Malcolm Mines NL EBIT Related Terms

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Mt Malcolm Mines NL (ASX:M2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mt Malcolm Mines NL (ASX:M2M) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Sarich Court, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.mtmalcolm.com.au

Mt Malcolm Mines NL is a gold-focused exploration company. Its key project is the Malcolm Project located in the Mt Malcolm District of the Mt Margaret Mineral Field in Western Australia. The firm is organised into two operating segments, which is corporate and exploration operations.

Mt Malcolm Mines NL (ASX:M2M) Headlines

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