Rockfire Resources (AQSE:ROCK.GB) EBIT : £-1.79 Mil (TTM As of Jun. 2023)

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What is Rockfire Resources EBIT?

Rockfire Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-0.41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-1.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rockfire Resources's annualized ROC % for the quarter that ended in Jun. 2023 was -17.71%. Rockfire Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -36.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rockfire Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -40.38%.

Rockfire Resources EBIT Historical Data

The historical data trend for Rockfire 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.

Rockfire Resources EBIT Chart

Rockfire Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.55

-0.71

-0.73

-0.75

-1.79

Rockfire Resources 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															-0.31	-0.30	-0.45	-0.41	-1.37

Competitive Comparison of Rockfire Resources's EBIT

For the Other Precious Metals & Mining subindustry, Rockfire 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.

Rockfire Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Rockfire 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 £-1.79 Mil.

Rockfire Resources (AQSE:ROCK.GB) EBIT Explanation

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

Rockfire 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 )
=	-0.822 * ( 1 - 0% )	/	( (4.633	+	4.652)	/ 2 )
=	-0.822	/	4.6425
=	-17.71 %

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	))
=	5.102	-	0.103	-	( 0.42	-	max(0, 0.16	-	0.526	+	0.42	))
=	4.633

	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	))
=	5.164	-	0.119	-	( 0.416	-	max(0, 0.119	-	0.512	+	0.416	))
=	4.652

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:

Rockfire 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 )
=	-0.822	/	( ( (4.489 + max(-0.16, 0))	+	(0.034 + max(-0.023, 0)) )	/	2 )
=	-0.822	/	( ( 4.489	+	0.034 )	/	2 )
=	-0.822	/	2.2615
=	-36.35 %

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)	-	(0.103	+	0	+	0.057)
=	-0.16

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.096	+	0	+	0)	-	(0.119	+	0	+	0)
=	-0.023

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-1.785	/	4.420
	=	-40.38 %

Rockfire Resources EBIT Related Terms

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Rockfire Resources (AQSE:ROCK.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rockfire Resources PLC (AQSE:ROCK.GB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ROCK:UK P2P:Germany

Address

3-7 Temple Avenue, 201 Temple Chambers, London, GBR, EC4Y 0DT

Website

https://www.rockfireresources.com

Rockfire Resources PLC is an exploration company with a portfolio of wholly owned near-surface gold and large-scale copper projects in Queensland, Australia. The company has only one reportable segment which is exploration for gold and copper resources. The company's flagship project, the Plateau Gold Deposit, is part of the Lighthouse Tenement, and bears geological resemblances to the Mt Wright project. Its copper projects, Copperhead and Copper Dome, are indicative of large-scale porphyry targets.

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