Australia United Mining (ASX:AYM) EBIT : A$-1.65 Mil (TTM As of Dec. 2023)

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What is Australia United Mining EBIT?

Australia United Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Australia United Mining's annualized ROC % for the quarter that ended in Dec. 2023 was -21.82%. Australia United Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -22.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Australia United Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -44.01%.

Australia United Mining EBIT Historical Data

The historical data trend for Australia United Mining'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.

Australia United Mining EBIT Chart

Australia United Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-0.09

0.67

0.70

-0.18

-1.65

Australia United Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-0.18	-0.28	0.10	-0.50	-1.14

Competitive Comparison of Australia United Mining's EBIT

For the Gold subindustry, Australia United Mining'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.

Australia United Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Australia United Mining's EV-to-EBIT falls into.

Australia United Mining 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$-1.65 Mil.

Australia United Mining (ASX:AYM) EBIT Explanation

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

Australia United Mining'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 )
=	-1.186 * ( 1 - 0% )	/	( (6.277	+	4.596)	/ 2 )
=	-1.186	/	5.4365
=	-21.82 %

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	))
=	5.677	-	0.046	-	( 0.763	-	max(0, 1.423	-	0.777	+	0.763	))
=	6.277

	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	))
=	5.221	-	1.473	-	( 0.622	-	max(0, 1.473	-	0.625	+	0.622	))
=	4.596

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:

Australia United Mining'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 )
=	-1.004	/	( ( (4.661 + max(-1.413, 0))	+	(4.358 + max(-1.47, 0)) )	/	2 )
=	-1.004	/	( ( 4.661	+	4.358 )	/	2 )
=	-1.004	/	4.5095
=	-22.26 %

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	+	0.01)	-	(0.046	+	0	+	1.377)
=	-1.413

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.003	+	0	+	0)	-	(1.473	+	0	+	0)
=	-1.47

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:

Australia United Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.645	/	3.738
	=	-44.01 %

Australia United Mining EBIT Related Terms

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Australia United Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australia United Mining Ltd (ASX:AYM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Railway Street, Suite 502, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.australiaunitedmining.com.au

Australia United Mining Ltd is an Australian exploration company. It mainly engages in the exploration and development of mineral properties in New South Wales and Queensland, Australia. The company explores for gold, copper, silver, and nickel ores. The exploration projects of the company are Forsayth project located in Queensland, Karangi project, Sofala project, Honeybugle project. The Group has only one reportable segment as exploration activities undertaken in Australia.

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