Anglogold Ashanti (Anglogold Ashanti) EBIT : $318 Mil (TTM As of Jun. 2023)

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What is Anglogold Ashanti EBIT?

Anglogold Ashanti's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $152 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $318 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anglogold Ashanti's annualized ROC % for the quarter that ended in Jun. 2023 was 4.04%. Anglogold Ashanti's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 6.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anglogold Ashanti's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.01%.

Anglogold Ashanti EBIT Historical Data

The historical data trend for Anglogold Ashanti'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.

Anglogold Ashanti EBIT Chart

Anglogold Ashanti Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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601.00

787.00

1,781.00

1,068.00

638.00

Anglogold Ashanti 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															562.00	506.00	472.00	166.00	152.00

Competitive Comparison of Anglogold Ashanti's EBIT

For the Gold subindustry, Anglogold Ashanti'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.

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

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

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

Anglogold Ashanti 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 $318 Mil.

Anglogold Ashanti (NYSE:AU) EBIT Explanation

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

Anglogold Ashanti'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 )
=	442 * ( 1 - 41.56% )	/	( (6245	+	6532)	/ 2 )
=	258.3048	/	6388.5
=	4.04 %

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	))
=	8072	-	719	-	( 1108	-	max(0, 859	-	2145	+	1108	))
=	6245

	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	))
=	7945	-	691	-	( 722	-	max(0, 857	-	1864	+	722	))
=	6532

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:

Anglogold Ashanti'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 )
=	304	/	( ( (4365 + max(65, 0))	+	(4429 + max(379, 0)) )	/	2 )
=	304	/	( ( 4430	+	4808 )	/	2 )
=	304	/	4619
=	6.58 %

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)
=	(20	+	773	+	27)	-	(719	+	0	+	36)
=	65

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(317	+	800	+	25)	-	(691	+	0	+	72)
=	379

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:

Anglogold Ashanti's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	318	/	10566.083
	=	3.01 %

Anglogold Ashanti EBIT Related Terms

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Anglogold Ashanti (Anglogold Ashanti) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglogold Ashanti PLC (NYSE:AU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ANG:South Africa HT3:Germany HT3:Germany

Address

112 Oxford Road, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.anglogoldashanti.com

Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania.