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Kenmare Resources (DUB:KMR) EBIT : €146.0 Mil (TTM As of Dec. 2023)


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What is Kenmare Resources EBIT?

Kenmare Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €70.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €146.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kenmare Resources's annualized ROC % for the quarter that ended in Dec. 2023 was 11.33%. Kenmare Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kenmare Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 40.88%.


Kenmare Resources EBIT Historical Data

The historical data trend for Kenmare 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.

Kenmare Resources EBIT Chart

Kenmare Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.24 27.14 130.77 218.85 145.47

Kenmare Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 81.21 69.47 149.52 75.79 70.17

Competitive Comparison of Kenmare Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Kenmare 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.


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

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

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



Kenmare 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 €146.0 Mil.

* 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.


Kenmare Resources  (DUB:KMR) EBIT Explanation

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

Kenmare 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 )
=137.34 * ( 1 - 12.71% )/( (1037.433 + 1079.027)/ 2 )
=119.884086/1058.23
=11.33 %

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))
=1150.566 - 12.693 - ( 100.44 - max(0, 61.637 - 298.402+100.44))
=1037.433

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))
=1156.494 - 12.316 - ( 65.151 - max(0, 73.585 - 297.067+65.151))
=1079.027

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:

Kenmare 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 )
=140.338/( ( (852.163 + max(166.614, 0)) + (859.427 + max(188.257, 0)) )/ 2 )
=140.338/( ( 1018.777 + 1047.684 )/ 2 )
=140.338/1033.2305
=13.58 %

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)
=(105.817 + 67.702 + 24.443) - (12.693 + 0 + 18.655)
=166.614

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(116.864 + 91.019 + 24.033) - (12.316 + 0 + 31.343)
=188.257

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=145.959/357.076
=40.88 %

* 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.


Kenmare Resources EBIT Related Terms

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Kenmare Resources (DUB:KMR) Business Description

Traded in Other Exchanges
Address
Hatch Street Upper, 4th Floor, Styne House, Dublin 2, IRL, D02 DY27
Kenmare Resources PLC is a mining company. The company operates the Moma Titanium Minerals Mine located on the northern coast of Mozambique. Its product types are ilmenite, zircon, rutile, and concentrates. Concentrates include secondary zircon and mineral sands concentrates. The sale of ilmenite accounts for the majority of its revenue. Its geographical segments are China, Italy, the United States, and the Rest of the world. The company derives a majority of its revenue from China.

Kenmare Resources (DUB:KMR) Headlines

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