Cannindah Resources (ASX:CAE) EBIT : A$-1.42 Mil (TTM As of Dec. 2023)

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What is Cannindah Resources EBIT?

Cannindah Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cannindah Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -10.04%. Cannindah Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cannindah Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.64%.

Cannindah Resources EBIT Historical Data

The historical data trend for Cannindah 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.

Cannindah Resources EBIT Chart

Cannindah Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-0.57

4.36

-1.60

-1.90

-1.42

Cannindah Resources 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															-1.08	-0.92	-0.98	-0.84	-0.58

Competitive Comparison of Cannindah Resources's EBIT

For the Other Precious Metals & Mining subindustry, Cannindah 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.

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

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

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

Cannindah 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.42 Mil.

Cannindah Resources (ASX:CAE) EBIT Explanation

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

Cannindah Resources'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 )
=	-1.692 * ( 1 - 0% )	/	( (16.09	+	17.608)	/ 2 )
=	-1.692	/	16.849
=	-10.04 %

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	))
=	16.829	-	2.521	-	( 0.659	-	max(0, 2.69	-	0.908	+	0.659	))
=	16.09

	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	))
=	18.039	-	2.609	-	( 0.316	-	max(0, 2.776	-	0.598	+	0.316	))
=	17.608

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:

Cannindah Resources'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 )
=	-1.684	/	( ( (15.804 + max(-2.659, 0))	+	(17.324 + max(-2.463, 0)) )	/	2 )
=	-1.684	/	( ( 15.804	+	17.324 )	/	2 )
=	-1.684	/	16.564
=	-10.17 %

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	+	0.001)	-	(2.521	+	0	+	0.139)
=	-2.659

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.282	+	0	+	0)	-	(2.609	+	0	+	0.136)
=	-2.463

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.421	/	30.616
	=	-4.64 %

Cannindah Resources EBIT Related Terms

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Cannindah Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannindah Resources Ltd (ASX:CAE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Queensland Avenue, Office 4D, 4th Floor, Broadbeach, QLD, AUS, 4218

Website

https://www.cannindah.com.au

Cannindah Resources Ltd is an Australia-based exploration and resource development company. The company is engaged in mineral exploration, evaluation, and progressing the development of its various mineral projects. The company focuses on copper and gold with projects based in Queensland, Australia. The company holds an interest in the Mount Cannindah copper-gold project, Piccadilly project, and others.