European Metals Holdings (LSE:EMH) EBIT : £-1.73 Mil (TTM As of Dec. 2023)

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What is European Metals Holdings EBIT?

European Metals Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-0.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-1.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. European Metals Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -8.41%. European Metals Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -48.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. European Metals Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.37%.

European Metals Holdings EBIT Historical Data

The historical data trend for European Metals Holdings'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.

European Metals Holdings EBIT Chart

European Metals Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-1.82

-2.84

-1.40

-2.84

-3.15

European Metals Holdings 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															-1.05	-1.73	-2.10	-1.14	-0.60

Competitive Comparison of European Metals Holdings's EBIT

For the Other Industrial Metals & Mining subindustry, European Metals Holdings'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.

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

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

* The bar in red indicates where European Metals Holdings's EV-to-EBIT falls into.

European Metals Holdings 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 £-1.73 Mil.

European Metals Holdings (LSE:EMH) EBIT Explanation

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

European Metals Holdings'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 )
=	-1.404 * ( 1 - 0% )	/	( (14.686	+	18.698)	/ 2 )
=	-1.404	/	16.692
=	-8.41 %

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	))
=	19.81	-	0.397	-	( 4.727	-	max(0, 0.466	-	9.327	+	4.727	))
=	14.686

	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	))
=	21.791	-	0.095	-	( 2.998	-	max(0, 0.129	-	3.835	+	2.998	))
=	18.698

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:

European Metals Holdings'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 )
=	-1.192	/	( ( (0.023 + max(4.101, 0))	+	(0.104 + max(0.729, 0)) )	/	2 )
=	-1.192	/	( ( 4.124	+	0.833 )	/	2 )
=	-1.192	/	2.4785
=	-48.09 %

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)
=	(0.05	+	0	+	4.495)	-	(0.397	+	0	+	0.047)
=	4.101

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.733	+	0	+	0.104)	-	(0.095	+	0	+	0.013)
=	0.729

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:

European Metals Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.734	/	39.662
	=	-4.37 %

European Metals Holdings EBIT Related Terms

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European Metals Holdings (LSE:EMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » European Metals Holdings Ltd (LSE:EMH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EMHXY:USA EMHLF:USA ERPNF:USA E86:Germany EMH:Australia

Address

35 Outram Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.europeanmet.com

European Metals Holdings Ltd is a UK-based company, engaged in the exploration and development of mineral resources to create a sustainable European lithium supply chain with low carbon footprint. The company holds an interest in the Cinovec lithium-tin project in the Czech Republic. Geographically, it operates through Australian and Czech segments of which the Australian region derives the majority of revenue.

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