Zanaga Iron Ore Co (LSE:ZIOC) EBIT : £-0.54 Mil (TTM As of Jun. 2023)

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What is Zanaga Iron Ore Co EBIT?

Zanaga Iron Ore Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-0.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-0.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zanaga Iron Ore Co's annualized ROC % for the quarter that ended in Jun. 2023 was -0.79%. Zanaga Iron Ore Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -0.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zanaga Iron Ore Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1.11%.

Zanaga Iron Ore Co EBIT Historical Data

The historical data trend for Zanaga Iron Ore Co'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.

Zanaga Iron Ore Co EBIT Chart

Zanaga Iron Ore Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-0.85

-0.95

-0.82

-0.92

-0.42

Zanaga Iron Ore Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-0.27	-0.64	-0.16	-0.27	-0.28

Competitive Comparison of Zanaga Iron Ore Co's EBIT

For the Steel subindustry, Zanaga Iron Ore Co'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.

Zanaga Iron Ore Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zanaga Iron Ore Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zanaga Iron Ore Co's EV-to-EBIT falls into.

Zanaga Iron Ore Co 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.54 Mil.

Zanaga Iron Ore Co (LSE:ZIOC) EBIT Explanation

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

Zanaga Iron Ore Co's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.554 * ( 1 - 0% )	/	( (70.935	+	69.051)	/ 2 )
=	-0.554	/	69.993
=	-0.79 %

where

	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	))
=	70.956	-	0.594	-	( 0.255	-	max(0, 0.92	-	0.347	+	0.255	))
=	70.935

	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	))
=	68.597	-	0.368	-	( 0.454	-	max(0, 1.311	-	0.489	+	0.454	))
=	69.051

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

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

Zanaga Iron Ore Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.554	/	( ( (70.608 + max(-0.596, 0))	+	(68.109 + max(-0.369, 0)) )	/	2 )
=	-0.554	/	( ( 70.608	+	68.109 )	/	2 )
=	-0.554	/	69.3585
=	-0.80 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.001)	-	(0.594	+	0	+	0.001)
=	-0.596

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.368	+	0	+	0.00099999999999989)
=	-0.369

When net working capital is negative, 0 is used.

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

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

Zanaga Iron Ore Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.543	/	49.018
	=	-1.11 %

Zanaga Iron Ore Co EBIT Related Terms

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Zanaga Iron Ore Co (LSE:ZIOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zanaga Iron Ore Co Ltd (LSE:ZIOC) » Definitions » EBIT

Traded in Other Exchanges

ZIOC.GB:UK 6ZA:Germany

Address

Wickhams Cay II, Coastal Building, P.O. Box 2221, 2nd Floor, Tortola, Road Town, VGB

Website

https://www.zanagairon.com

Zanaga Iron Ore Co Ltd is an iron ore exploration and development company. The company holds an interest in the Zanaga Iron Ore Project located in the Republic of Congo which is also known as Congo-Brazzaville. Its long-term objective is to maximize the value of its sole asset and the Project which is currently focused on managing, developing, and constructing a world-class iron ore asset capable of mining, processing, transporting, and exporting iron ore at full production.

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