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African Gold (ASX:A1G) EBIT : A$-5.43 Mil (TTM As of Jun. 2024)


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What is African Gold EBIT?

African Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-4.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-5.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. African Gold's annualized ROC % for the quarter that ended in Jun. 2024 was -90.80%. African Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -94.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. African Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -25.04%.


African Gold EBIT Historical Data

The historical data trend for African Gold'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.

African Gold EBIT Chart

African Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-1.00 -0.79 -2.53 -2.00 -1.82

African Gold Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1.02 -0.98 -0.81 -1.01 -4.42

Competitive Comparison of African Gold's EBIT

For the Other Industrial Metals & Mining subindustry, African Gold'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.


African Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



African Gold 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-5.43 Mil.

* 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.


African Gold  (ASX:A1G) EBIT Explanation

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

African Gold's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-8.848 * ( 1 - 0% )/( (11.318 + 8.171)/ 2 )
=-8.848/9.7445
=-90.80 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

African Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-8.848/( ( (11.125 + max(-0.777, 0)) + (7.674 + max(-0.804, 0)) )/ 2 )
=-8.848/( ( 11.125 + 7.674 )/ 2 )
=-8.848/9.3995
=-94.13 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.036) - (0.77 + 0 + 0.043)
=-0.777

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.06 + 0 + 0.073) - (0.874 + 0 + 0.063)
=-0.804

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

African Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-5.431/21.686
=-25.04 %

* 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.


African Gold EBIT Related Terms

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African Gold Business Description

Traded in Other Exchanges
Address
513 Hay Street, Level 1, Suite 23, Subiaco, WA, AUS, 6008
African Gold Ltd is involved in exploration and evaluation of mineral resources and pursuing various investment opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities in Africa. The company's operating segment includes Exploration and evaluation of Minerals in Cote d'Ivoire and Exploration and evaluation of Minerals in Mali.

African Gold Headlines

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