Perseus Mining (ASX:PRU) EBIT : A$637 Mil (TTM As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Perseus Mining EBIT?

Perseus Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$308 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$637 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Perseus Mining's annualized ROC % for the quarter that ended in Dec. 2023 was 31.38%. Perseus Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 46.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Perseus Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.14%.

Perseus Mining EBIT Historical Data

The historical data trend for Perseus Mining'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.

Perseus Mining EBIT Chart

Perseus Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

11.89

130.18

165.40

283.28

567.63

Perseus Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															135.74	145.11	237.55	328.80	307.95

Competitive Comparison of Perseus Mining's EBIT

For the Gold subindustry, Perseus Mining'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.

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

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

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

Perseus Mining 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$637 Mil.

Perseus Mining (ASX:PRU) EBIT Explanation

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

Perseus Mining'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 )
=	605.344 * ( 1 - 18.84% )	/	( (1513.196	+	1618.046)	/ 2 )
=	491.2971904	/	1565.621
=	31.38 %

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	))
=	2388.804	-	156.693	-	( 718.915	-	max(0, 169.791	-	955.886	+	718.915	))
=	1513.196

	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	))
=	2634.987	-	148.383	-	( 868.558	-	max(0, 169.275	-	1097.751	+	868.558	))
=	1618.046

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:

Perseus Mining'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 )
=	615.902	/	( ( (1272.302 + max(39.257, 0))	+	(1262.028 + max(62.513, 0)) )	/	2 )
=	615.902	/	( ( 1311.559	+	1324.541 )	/	2 )
=	615.902	/	1318.05
=	46.73 %

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)
=	(2.025	+	164.621	+	39.89)	-	(156.693	+	10.586	+	-2.8421709430404E-14)
=	39.257

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.215	+	161.579	+	29.399)	-	(148.383	+	18.297	+	0)
=	62.513

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:

Perseus Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	636.746	/	2533.299
	=	25.14 %

Perseus Mining EBIT Related Terms

Thank you for viewing the detailed overview of Perseus Mining's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Perseus Mining (ASX:PRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Perseus Mining Ltd (ASX:PRU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PMNXF:USA P4Q:Germany PRU:Canada

Address

437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.perseusmining.com

Perseus Mining in an Australian-based gold miner. It sold around 540,000 ounces of gold in fiscal 2023 from its three majority-owned mines in West Africa. Founded in 2004, Perseus purchased all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, the company had about five years of reserves at the end of fiscal 2023.