BCI Minerals (ASX:BCI) EBIT : A$5.51 Mil (TTM As of Dec. 2023)

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What is BCI Minerals EBIT?

BCI Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$5.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BCI Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -1.32%. BCI Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BCI Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.75%.

BCI Minerals EBIT Historical Data

The historical data trend for BCI 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.

BCI Minerals EBIT Chart

BCI Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-8.12

0.41

22.01

-15.43

9.44

BCI Minerals 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															-5.48	-9.95	3.23	6.21	-0.71

Competitive Comparison of BCI Minerals's EBIT

For the Steel subindustry, BCI 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.

BCI Minerals's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BCI Minerals's EV-to-EBIT distribution charts can be found below:

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

BCI 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$5.51 Mil.

BCI Minerals (ASX:BCI) EBIT Explanation

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

BCI 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 )
=	-7.376 * ( 1 - 0% )	/	( (477.869	+	643.845)	/ 2 )
=	-7.376	/	560.857
=	-1.32 %

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	))
=	614.919	-	60.892	-	( 121.693	-	max(0, 62.222	-	138.38	+	121.693	))
=	477.869

	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	))
=	709.824	-	63.844	-	( 111.31	-	max(0, 150.23	-	152.365	+	111.31	))
=	643.845

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:

BCI 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 )
=	-1.412	/	( ( (430.649 + max(-44.878, 0))	+	(514.142 + max(-23.802, 0)) )	/	2 )
=	-1.412	/	( ( 430.649	+	514.142 )	/	2 )
=	-1.412	/	472.3955
=	-0.30 %

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)
=	(15.81	+	0	+	0.87700000000001)	-	(60.892	+	0	+	0.67299999999999)
=	-44.878

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41.05	+	0	+	0.0049999999999955)	-	(63.844	+	0	+	1.013)
=	-23.802

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5.508	/	730.972
	=	0.75 %

BCI Minerals EBIT Related Terms

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BCI Minerals (ASX:BCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BCI Minerals Ltd (ASX:BCI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Altona Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.bciminerals.com.au

BCI Minerals Ltd is an Australia-based resources company, managing a diversified portfolio of mineral interests. Its assets include Buckland, Mardie Salt, Carnegie Potash, and other exploration projects including Marble bar, Black Hills, and Maitland. The company earns potential iron ore royalties over third party projects located in the Pilbara. It holds an interest in Mardie Salt & Potash Project, Carnegie Potash Project, and Iron Valley Iron Ore Mine. The firm has three reportable segments being; Iron Valley, Mardie, and Other (Corporate and other assets). Sales revenue comprises iron ore sales in Australia.

BCI Minerals (ASX:BCI) Headlines

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