Exxaro Resources (STU:LCQ) EBIT : €1,036 Mil (TTM As of Jun. 2023)

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What is Exxaro Resources EBIT?

Exxaro Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €502 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €1,036 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Exxaro Resources's annualized ROC % for the quarter that ended in Jun. 2023 was 14.25%. Exxaro Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 48.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Exxaro Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 64.31%.

Exxaro Resources EBIT Historical Data

The historical data trend for Exxaro Resources'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.

Exxaro Resources EBIT Chart

Exxaro Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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574.11

589.46

587.87

970.17

1,271.61

Exxaro Resources 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															577.83	430.76	807.85	533.84	501.66

Competitive Comparison of Exxaro Resources's EBIT

For the Thermal Coal subindustry, Exxaro Resources'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.

Exxaro Resources's EV-to-EBIT Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Exxaro Resources's EV-to-EBIT distribution charts can be found below:

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

Exxaro Resources 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 €1,036 Mil.

Exxaro Resources (STU:LCQ) EBIT Explanation

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

Exxaro Resources'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 )
=	622.102 * ( 1 - 19.6% )	/	( (3648.495	+	3370.009)	/ 2 )
=	500.170008	/	3509.252
=	14.25 %

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	))
=	4651.44	-	193.771	-	( 809.174	-	max(0, 283.637	-	1194.422	+	809.174	))
=	3648.495

	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	))
=	4352.451	-	164.216	-	( 818.226	-	max(0, 283.033	-	1157.098	+	818.226	))
=	3370.009

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:

Exxaro Resources'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 )
=	1003.32	/	( ( (2064.891 + max(111.718, 0))	+	(1833.365 + max(109.757, 0)) )	/	2 )
=	1003.32	/	( ( 2176.609	+	1943.122 )	/	2 )
=	1003.32	/	2059.8655
=	48.71 %

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)
=	(225.293	+	94.4	+	34.417)	-	(193.771	+	0	+	48.621)
=	111.718

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(204.003	+	97.693	+	12.95)	-	(164.216	+	0	+	40.673)
=	109.757

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	1035.501	/	1610.276
	=	64.31 %

Exxaro Resources EBIT Related Terms

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Exxaro Resources (STU:LCQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Exxaro Resources Ltd (STU:LCQ) » Definitions » EBIT

Traded in Other Exchanges

EXX:South Africa EXXAF:USA LCQ:Germany

Address

263B West Avenue, Die Hoewes, The conneXXion, Centurion, GT, ZAF, 0163

Website

https://www.exxaro.com

Exxaro Resources Ltd is one of the South Africa-based diversified resources companies. The company has five operating segments: Coal, Ferrous, TiO2, Energy, and Others. The majority of its revenue comes from the coal segment, whose operations are located in the Waterberg and Mpumalanga regions and are split between coal commercial operations and coal-tied operations and produce thermal and metallurgical coal. Commercial Waterberg comprising mainly of the Grootegeluk operation, Commercial Mpumalanga comprising the Belfast and Leeuwpan operations, and Tied comprising of the Matla mine supplying its entire coal supply to Eskom. Its geographical segments are RSA, Europe, Asia, and others, out of which the majority are from the RSA ( Republic of South Africa).

Exxaro Resources (STU:LCQ) Headlines

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