GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Impala Platinum Holdings Ltd (OTCPK:IMPUY) » Definitions » EBIT

Impala Platinum Holdings (Impala Platinum Holdings) EBIT : $-409 Mil (TTM As of Dec. 2023)


View and export this data going back to 2001. Start your Free Trial

What is Impala Platinum Holdings EBIT?

Impala Platinum Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $125 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-409 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Impala Platinum Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 4.73%. Impala Platinum Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Impala Platinum Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.78%.


Impala Platinum Holdings EBIT Historical Data

The historical data trend for Impala Platinum 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.

Impala Platinum Holdings EBIT Chart

Impala Platinum Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 299.55 1,401.99 4,932.11 2,879.15 539.88

Impala Platinum 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,284.58 1,588.30 1,164.87 -533.96 124.83

Competitive Comparison of Impala Platinum Holdings's EBIT

For the Other Precious Metals & Mining subindustry, Impala Platinum 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.


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

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

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



Impala Platinum 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 $-409 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.


Impala Platinum Holdings  (OTCPK:IMPUY) EBIT Explanation

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

Impala Platinum 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 )
=359.152 * ( 1 - 9.35% )/( (6780.387 + 6980.701)/ 2 )
=325.571288/6880.544
=4.73 %

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))
=9036.426 - 824.015 - ( 1432.024 - max(0, 942.768 - 3614.976+1432.024))
=6780.387

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))
=8196.514 - 720.611 - ( 495.202 - max(0, 817.429 - 2754.766+495.202))
=6980.701

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:

Impala Platinum 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 )
=249.668/( ( (3797.106 + max(1162.616, 0)) + (3873.063 + max(1518.989, 0)) )/ 2 )
=249.668/( ( 4959.722 + 5392.052 )/ 2 )
=249.668/5175.887
=4.82 %

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)
=(467.276 + 1297.426 + 322.81) - (824.015 + 0 + 100.881)
=1162.616

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(536.688 + 1450.614 + 272.262) - (720.611 + 0 + 19.964)
=1518.989

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-409.127/4181.390
=-9.78 %

* 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.


Impala Platinum Holdings EBIT Related Terms

Thank you for viewing the detailed overview of Impala Platinum Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Impala Platinum Holdings (Impala Platinum Holdings) Business Description

Traded in Other Exchanges
Address
2 Fricker Road, Illovo, Johannesburg, GT, ZAF, 2196
Impala Platinum Holdings Ltd is one of the world's largest producers of platinum and associated platinum group metals, including palladium and rhodium. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and is one of the largest platinum-group-metal-bearing ore bodies in the world. The Impala operation comprises a 10-shaft mining complex and concentrating and smelting plants.

Impala Platinum Holdings (Impala Platinum Holdings) Headlines

From GuruFocus

THOMAS WHITE INTERNATIONAL LTD Buys 2, Sells 3 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-14-2022

Review of 10 Ideas on GuruFocus

By Holmes Osborne, CFA Holmes Osborne, CFA 11-01-2016

Impala Platinum Is a Great Way to Invest in Unloved Precious Metals

By Holmes Osborne, CFA Holmes Osborne, CFA 03-27-2018

Impala Platinum: Troubled Company, Interesting Stock

By Holmes Osborne, CFA Holmes Osborne, CFA 03-04-2016