GreenX Metals (ASX:GRX) EBIT : A$-3.98 Mil (TTM As of Dec. 2023)

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What is GreenX Metals EBIT?

GreenX Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GreenX Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -40.40%. GreenX Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -44.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GreenX Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.78%.

GreenX Metals EBIT Historical Data

The historical data trend for GreenX Metals'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.

GreenX Metals EBIT Chart

GreenX Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-2.80

-3.09

-1.51

-4.51

-3.47

GreenX Metals 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															-2.92	-1.59	-1.57	-1.90	-2.08

Competitive Comparison of GreenX Metals's EBIT

For the Copper subindustry, GreenX Metals'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.

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

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

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

GreenX Metals 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$-3.98 Mil.

GreenX Metals (ASX:GRX) EBIT Explanation

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

GreenX Metals'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 )
=	-4.15 * ( 1 - 0% )	/	( (9.793	+	10.754)	/ 2 )
=	-4.15	/	10.2735
=	-40.40 %

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	))
=	17.939	-	0.974	-	( 8.675	-	max(0, 1.706	-	8.878	+	8.675	))
=	9.793

	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	))
=	19.592	-	0.755	-	( 9.318	-	max(0, 1.498	-	9.581	+	9.318	))
=	10.754

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:

GreenX Metals'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 )
=	-4.15	/	( ( (8.87 + max(-1.254, 0))	+	(9.823 + max(-0.968, 0)) )	/	2 )
=	-4.15	/	( ( 8.87	+	9.823 )	/	2 )
=	-4.15	/	9.3465
=	-44.40 %

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)
=	(0.046	+	0	+	0.125)	-	(0.974	+	0	+	0.451)
=	-1.254

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.024	+	0	+	0.221)	-	(0.755	+	0	+	0.458)
=	-0.968

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.976	/	223.577
	=	-1.78 %

GreenX Metals EBIT Related Terms

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GreenX Metals (ASX:GRX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GRX:Poland GRX:UK 5PMA:Germany

Address

38 Jermyn Street, Unit 3C, London, GBR, SW1Y 6DN

Website

https://www.greenxmetals.com

GreenX Metals Ltd is engaged in the exploration and development of resource projects. It focuses on the exploration and development of sustainable critical mineral resources.