Cosmo Metals (ASX:CMO) EBIT : A$-1.58 Mil (TTM As of Dec. 2024)

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What is Cosmo Metals EBIT?

Cosmo Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-1.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cosmo Metals's annualized ROC % for the quarter that ended in Dec. 2024 was -7.84%. Cosmo Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -8.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cosmo Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -63.57%.

Cosmo Metals EBIT Historical Data

The historical data trend for Cosmo Metals'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.

Cosmo Metals EBIT Chart

Cosmo Metals Annual Data

Trend

Jun23

Jun24

EBIT

-0.70

-1.46

Cosmo Metals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	-0.40	-0.30	-0.27	-1.19	-0.39

Competitive Comparison of Cosmo Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Cosmo Metals'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.

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

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

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

Cosmo Metals 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$-1.58 Mil.

Cosmo Metals (ASX:CMO) EBIT Explanation

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

Cosmo Metals'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 )
=	-0.78 * ( 1 - 0% )	/	( (9.431	+	10.465)	/ 2 )
=	-0.78	/	9.948
=	-7.84 %

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	))
=	10.797	-	0.664	-	( 1.285	-	max(0, 0.681	-	1.383	+	1.285	))
=	9.431

	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	))
=	10.549	-	0.246	-	( 0.643	-	max(0, 0.874	-	0.712	+	0.643	))
=	10.465

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:

Cosmo Metals'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 )
=	-0.774	/	( ( (9.414 + max(-0.625, 0))	+	(9.782 + max(-0.177, 0)) )	/	2 )
=	-0.774	/	( ( 9.414	+	9.782 )	/	2 )
=	-0.774	/	9.598
=	-8.06 %

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)
=	(0.005	+	0	+	0.051)	-	(0.664	+	0	+	0.017)
=	-0.625

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.069	+	0	+	0)	-	(0.246	+	0	+	0)
=	-0.177

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:

Cosmo Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	-1.581	/	2.487
	=	-63.57 %

Cosmo Metals EBIT Related Terms

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Cosmo Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cosmo Metals Ltd (ASX:CMO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Colin Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.cosmometals.com.au

Cosmo Metals Ltd is a base metals exploration company focused on the Yamarna Project, Kanowna Gold Project and Winchester Project. It operates only in Australia.