Augustus Minerals (ASX:AUG) EBIT : A$-2.15 Mil (TTM As of Dec. 2023)

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What is Augustus Minerals EBIT?

Augustus Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.15 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Augustus Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -19.56%. Augustus Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Augustus Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -855.78%.

Augustus Minerals EBIT Historical Data

The historical data trend for Augustus Minerals'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.

Augustus Minerals EBIT Chart

Augustus Minerals Annual Data

Trend

Jun22

Jun23

EBIT

-0.41

-1.81

Augustus Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
EBIT	-	-0.25	-1.56	-0.59

Competitive Comparison of Augustus Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, Augustus Minerals'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.

Augustus Minerals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Augustus Minerals 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.15 Mil.

Augustus Minerals (ASX:AUG) EBIT Explanation

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

Augustus Minerals's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.464 * ( 1 - 0% )	/	( (6.069	+	8.898)	/ 2 )
=	-1.464	/	7.4835
=	-19.56 %

where

	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	))
=	14.875	-	0.319	-	( 8.736	-	max(0, 0.346	-	8.833	+	8.736	))
=	6.069

	Invested Capital		(Q: Dec. 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	))
=	14.798	-	0.819	-	( 5.748	-	max(0, 0.859	-	5.94	+	5.748	))
=	8.898

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

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

Augustus Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.176	/	( ( (6.042 + max(-0.334, 0))	+	(8.858 + max(-0.658, 0)) )	/	2 )
=	-1.176	/	( ( 6.042	+	8.858 )	/	2 )
=	-1.176	/	7.45
=	-15.79 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.319	+	0	+	0.015)
=	-0.334

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.191	+	0	+	0.0010000000000003)	-	(0.819	+	0	+	0.031)
=	-0.658

When net working capital is negative, 0 is used.

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

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

Augustus Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.148	/	0.251
	=	-855.78 %

Augustus Minerals EBIT Related Terms

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Augustus Minerals (ASX:AUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Augustus Minerals Ltd (ASX:AUG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 – 43 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.augustusminerals.com.au

Augustus Minerals Ltd is an Exploration Company exploring for Rare Earths, Lithium, Copper-Gold, and Nickel-copper-PGEs in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,905km2 of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The company's projects include Crawford Bore Area, Lyons Central Area, Minnie Springs Area, and Mt Phillips Area.

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