Ora Gold (ASX:OAU) EBIT : A$-2.03 Mil (TTM As of Mar. 2023)

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What is Ora Gold EBIT?

Ora Gold's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was A$-0.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was A$-2.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ora Gold's annualized ROC % for the quarter that ended in Mar. 2023 was -468.02%. Ora Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -1,784.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ora Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -7.67%.

Ora Gold EBIT Historical Data

The historical data trend for Ora Gold'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.

Ora Gold EBIT Chart

Ora Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-3.28

-2.66

-2.20

-2.07

-2.03

Ora Gold Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															-0.92	-1.02	-1.04	-0.75	-1.28

Competitive Comparison of Ora Gold's EBIT

For the Other Industrial Metals & Mining subindustry, Ora Gold'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.

Ora Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Ora Gold 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.03 Mil.

Ora Gold (ASX:OAU) EBIT Explanation

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

Ora Gold's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-1.5 * ( 1 - 0% )	/	( (0.312	+	0.329)	/ 2 )
=	-1.5	/	0.3205
=	-468.02 %

where

	Invested Capital		(Q: Sep. 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	))
=	0.244	-	0.079	-	( 0.109	-	max(0, 0.31	-	0.163	+	0.109	))
=	0.312

	Invested Capital		(Q: Mar. 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	))
=	3.366	-	0.321	-	( 2.933	-	max(0, 0.565	-	3.281	+	2.933	))
=	0.329

Note: The Operating Income data used here is two times the semi-annual (Mar. 2023) data.

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

Ora Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.49	/	( ( (0.081 + max(-0.31, 0))	+	(0.086 + max(-0.217, 0)) )	/	2 )
=	-1.49	/	( ( 0.081	+	0.086 )	/	2 )
=	-1.49	/	0.0835
=	-1,784.43 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.079	+	0	+	0.231)
=	-0.31

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.059	+	0	+	0.289)	-	(0.321	+	0	+	0.244)
=	-0.217

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

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

Ora Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-2.026	/	26.427
	=	-7.67 %

Ora Gold EBIT Related Terms

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Ora Gold (ASX:OAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ora Gold Ltd (ASX:OAU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TJ3:Germany

Address

5 Ord Street, Level 2, Suite 8, West Perth, WA, AUS, 6005

Website

https://www.ora.gold

Ora Gold Ltd is engaged in the mineral exploration industry in Australia. The company projects include Garden Gully; Red Bore and Keller Creek in Western Australia. The Garden Gully Gold Project represents an excellent opportunity for the discovery of a new gold camp in a region that has an established track record of hosting such occurrences.

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