Mincor Resources NL (ASX:MCR) EBIT : A$-54.12 Mil (TTM As of Dec. 2022)

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What is Mincor Resources NL EBIT?

Mincor Resources NL's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was A$-53.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was A$-54.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mincor Resources NL's annualized ROC % for the quarter that ended in Dec. 2022 was -8.62%. Mincor Resources NL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -70.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mincor Resources NL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -7.73%.

Mincor Resources NL EBIT Historical Data

The historical data trend for Mincor Resources NL'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.

Mincor Resources NL EBIT Chart

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

EBIT

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-4.66

-12.19

-14.28

-13.38

-12.42

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
EBIT	Get a 7-Day Free Trial															-5.75	-7.63	-12.00	-0.42	-53.70

Competitive Comparison of Mincor Resources NL's EBIT

For the Other Industrial Metals & Mining subindustry, Mincor Resources NL'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.

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

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

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

Mincor Resources NL 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-54.12 Mil.

Mincor Resources NL (ASX:MCR) EBIT Explanation

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

Mincor Resources NL's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-19.462 * ( 1 - 0% )	/	( (191.146	+	260.27)	/ 2 )
=	-19.462	/	225.708
=	-8.62 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	224.535	-	20.382	-	( 81.071	-	max(0, 77.732	-	90.739	+	81.071	))
=	191.146

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	277.586	-	48.37	-	( 85.469	-	max(0, 137.367	-	106.313	+	85.469	))
=	260.27

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

Mincor Resources NL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-107.406	/	( ( (133.796 + max(-53.703, 0))	+	(170.146 + max(-93.36, 0)) )	/	2 )
=	-107.406	/	( ( 133.796	+	170.146 )	/	2 )
=	-107.406	/	151.971
=	-70.68 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.175	+	1.644	+	5.828)	-	(20.382	+	0	+	42.968)
=	-53.703

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.034	+	0.646	+	1.164)	-	(48.37	+	0	+	65.834)
=	-93.36

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	-54.118	/	699.986
	=	-7.73 %

Mincor Resources NL EBIT Related Terms

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Mincor Resources NL (ASX:MCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (ASX:MCR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.