Sable Exploration And Mining (JSE:SXM) EBIT : R-6.91 Mil (TTM As of Aug. 2023)

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What is Sable Exploration And Mining EBIT?

Sable Exploration And Mining's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was R-3.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was R-6.91 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sable Exploration And Mining's annualized ROC % for the quarter that ended in Aug. 2023 was -37.39%. Sable Exploration And Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -1,310.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sable Exploration And Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -12.22%.

Sable Exploration And Mining EBIT Historical Data

The historical data trend for Sable Exploration And Mining'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.

Sable Exploration And Mining EBIT Chart

Sable Exploration And Mining Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

EBIT

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-2.00

-2.47

-3.25

-6.11

-6.17

Sable Exploration And Mining Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
EBIT	Get a 7-Day Free Trial															-1.58	-4.53	-2.42	-3.75	-3.16

Competitive Comparison of Sable Exploration And Mining's EBIT

For the Other Precious Metals & Mining subindustry, Sable Exploration And Mining'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.

Sable Exploration And Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sable Exploration And Mining's EV-to-EBIT falls into.

Sable Exploration And Mining 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-6.91 Mil.

Sable Exploration And Mining (JSE:SXM) EBIT Explanation

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

Sable Exploration And Mining's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

	ROC % (Q: Aug. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2023 )	+	Invested Capital (Q: Aug. 2023 ))	/ count )
=	-6.322 * ( 1 - 0% )	/	( (33.342	+	0.479)	/ 2 )
=	-6.322	/	16.9105
=	-37.39 %

where

	Invested Capital		(Q: Feb. 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	))
=	1.084	-	0	-	( 0.067	-	max(0, 33.342	-	1.084	+	0.067	))
=	33.342

	Invested Capital		(Q: Aug. 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	))
=	1.377	-	0.892	-	( 0.006	-	max(0, 0.892	-	1.377	+	0.006	))
=	0.479

Note: The Operating Income data used here is two times the semi-annual (Aug. 2023) data.

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

Sable Exploration And Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2023		Q: Aug. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.322	/	( ( (0 + max(0.486, 0))	+	(0 + max(0.479, 0)) )	/	2 )
=	-6.322	/	( ( 0.486	+	0.479 )	/	2 )
=	-6.322	/	0.4825
=	-1,310.26 %

where Working Capital is:

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.015	+	0	+	1.002)	-	(0	+	0	+	0.531)
=	0.486

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.37	+	0	+	0.00099999999999989)	-	(0.892	+	0	+	0)
=	0.479

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

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

Sable Exploration And Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2023 )
	=	-6.912	/	56.558
	=	-12.22 %

Sable Exploration And Mining EBIT Related Terms

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Sable Exploration And Mining (JSE:SXM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sable Exploration And Mining Ltd (JSE:SXM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Protea Road, Kingsley Office Park, Chistlehurston, Sandton, GT, ZAF, 2192

Website

https://www.sablemetals.co.za

Sable Exploration And Mining Ltd formerly Middle East Diamond Resources Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.

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