Codrus Minerals (ASX:CDR) EBIT : A$-2.85 Mil (TTM As of Dec. 2024)

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What is Codrus Minerals EBIT?

Codrus Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-0.76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-2.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Codrus Minerals's annualized ROC % for the quarter that ended in Dec. 2024 was -911.17%. Codrus Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -2,332.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Codrus Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -458.20%.

Codrus Minerals EBIT Historical Data

The historical data trend for Codrus 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.

Codrus Minerals EBIT Chart

Codrus Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

EBIT

-1.56

-4.09

-2.69

-3.15

Codrus Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial				-1.20	-1.50	-1.06	-2.09	-0.76

Competitive Comparison of Codrus Minerals's EBIT

For the Gold subindustry, Codrus 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.

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

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

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

Codrus 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.85 Mil.

Codrus Minerals (ASX:CDR) EBIT Explanation

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

Codrus Minerals's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-1.59 * ( 1 - 0% )	/	( (0.278	+	0.071)	/ 2 )
=	-1.59	/	0.1745
=	-911.17 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	2.369	-	0.181	-	( 2.145	-	max(0, 0.308	-	2.218	+	2.145	))
=	0.278

	Invested Capital		(Q: Dec. 2024 )
=	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	))
=	1.47	-	0.2	-	( 1.292	-	max(0, 0.246	-	1.445	+	1.292	))
=	0.071

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

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

Codrus Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.516	/	( ( (0.128 + max(-0.22, 0))	+	(0.002 + max(-0.093, 0)) )	/	2 )
=	-1.516	/	( ( 0.128	+	0.002 )	/	2 )
=	-1.516	/	0.065
=	-2,332.31 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.044)	-	(0.181	+	0	+	0.083)
=	-0.22

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.153	+	0	+	0)	-	(0.2	+	0	+	0.046)
=	-0.093

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	-2.85	/	0.622
	=	-458.20 %

Codrus Minerals EBIT Related Terms

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Codrus Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Altona Street, Suite 2, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.codrusminerals.com.au

Codrus Minerals Ltd is an Australia-based gold exploration company. It has an interest in Silver Swan South, Red Gate, and Middle Creek Projects in Western Australia. It also has interests in the Bull Run project located in baker county, United States. Maximum revenue is earned within Australia Country.