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African Pioneer (LSE:AFP) EBIT : £-0.69 Mil (TTM As of Dec. 2023)


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What is African Pioneer EBIT?

African Pioneer's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. African Pioneer's annualized ROC % for the quarter that ended in Dec. 2023 was -13.46%. African Pioneer's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. African Pioneer's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.49%.


African Pioneer EBIT Historical Data

The historical data trend for African Pioneer'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.

African Pioneer EBIT Chart

African Pioneer Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -0.05 -0.09 0.40 -0.67 -0.69

African Pioneer Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 -0.33 -0.34 -0.30 -0.39

Competitive Comparison of African Pioneer's EBIT

For the Other Industrial Metals & Mining subindustry, African Pioneer'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.


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

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

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



African Pioneer 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 £-0.69 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.


African Pioneer  (LSE:AFP) EBIT Explanation

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

African Pioneer'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 )
=-0.716 * ( 1 - 0% )/( (5.294 + 5.343)/ 2 )
=-0.716/5.3185
=-13.46 %

where

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:

African Pioneer'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 )
=-0.776/( ( (5.236 + max(-0.356, 0)) + (5.222 + max(-0.381, 0)) )/ 2 )
=-0.776/( ( 5.236 + 5.222 )/ 2 )
=-0.776/5.229
=-14.84 %

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)
=(0.022 + 0 + -1.1102230246252E-16) - (0.378 + 0 + 0)
=-0.356

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.011) - (0.271 + 0 + 0.121)
=-0.381

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:

African Pioneer's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-0.689/6.566
=-10.49 %

* 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.


African Pioneer EBIT Related Terms

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African Pioneer (LSE:AFP) Business Description

Traded in Other Exchanges
Address
19-21 Circular Road, Douglas, IMN, IM1 1AF
African Pioneer PLC is engaged in exploring opportunities within the natural resources sector in Sub-Saharan Africa, with a focus on base and precious metals including but not limited to copper, nickel, and zinc. The company' tends to enhance the value of its mineral resource Projects located in Namibia, Zambia, and Botswana through exploration and technical studies conducted by the company or through a joint venture or other arrangements to establish the Projects.

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