Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) EBIT

: $-0.08 Mil (TTM As of Sep. 2023)

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Adamant DRI Processing and Minerals Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adamant DRI Processing and Minerals Group's annualized ROC % for the quarter that ended in Sep. 2023 was -371.83%. Adamant DRI Processing and Minerals Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -280.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adamant DRI Processing and Minerals Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.79%.

Adamant DRI Processing and Minerals Group EBIT Historical Data

The historical data trend for Adamant DRI Processing and Minerals Group'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.

Adamant DRI Processing and Minerals Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

EBIT

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-0.62

-0.57

-0.06

-0.07

Adamant DRI Processing and Minerals Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.02	-0.03

Competitive Comparison

For the Shell Companies subindustry, Adamant DRI Processing and Minerals Group'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.

Adamant DRI Processing and Minerals Group EV-to-EBIT Distribution

For the Diversified Financial Services industry and Financial Services sector, Adamant DRI Processing and Minerals Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Adamant DRI Processing and Minerals Group's EV-to-EBIT falls into.

Adamant DRI Processing and Minerals Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 Mil.

Adamant DRI Processing and Minerals Group (OTCPK:ADMG) EBIT Explanation

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

Adamant DRI Processing and Minerals Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.132 * ( 1 - 0% )	/	( (0.025	+	0.046)	/ 2 )
=	-0.132	/	0.0355
=	-371.83 %

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	))
=	0	-	0.023	-	( 0	-	max(0, 0.048	-	0	+	0	))
=	0.025

	Invested Capital		(Q: Sep. 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	))
=	0.07	-	0.024	-	( 0	-	max(0, 0.035	-	0.07	+	0	))
=	0.046

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Adamant DRI Processing and Minerals Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.132	/	( ( (0 + max(-0.023, 0))	+	(0 + max(0.047, 0)) )	/	1 )
=	-0.132	/	( ( 0	+	0.047 )	/	1 )
=	-0.132	/	0.047
=	-280.85 %

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	+	0	+	0)	-	(0.023	+	0	+	0)
=	-0.023

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.07)	-	(0.024	+	0	+	-0.001)
=	0.047

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Adamant DRI Processing and Minerals Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.077	/	9.768
	=	-0.79 %

Adamant DRI Processing and Minerals Group EBIT Related Terms

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Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adamant DRI Processing and Minerals Group (OTCPK:ADMG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 East State Street, No.202, Eagle, ID, USA, 83616

Website

https://www.adamant-dri.com

Adamant DRI Processing and Minerals Group is a shell company.

Executives

Nicholas Aaron Parks	director, 10 percent owner, officer: President, Secretary/Treasurer	5010 THORNBROOK RIDGE, COLUMBIA MO 65203
Changqing Han	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Jiazhen Liu	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Changkui Zhu	director, officer: Chief Executive Officer	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Omar Cunha	director, 10 percent owner, officer: Vice President	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Van Voorst Vader Peter	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Lawrence Burstein	director, 10 percent owner, officer: Secretary and Treasurer	C/O UNITY VENTURE CAPITAL ASSOCIATES LTD, 245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Sidney Levy	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Vincent J Mcgill	director	C/O EATON & VAN WINKLE LLP, 3 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10016
Nissen Holdings & Co Ltd.	10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Ronald C Schmeiser	director, officer: President	6015 HOWE STREET, PITTSBURGH PA 15204
Dachris Ltd.	10 percent owner	60 PORT PERRY ROAD, NORTH VERSAILLES PA 15137

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