Coda Minerals (ASX:COD) EBIT : A$-4.98 Mil (TTM As of Dec. 2023)

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What is Coda Minerals EBIT?

Coda Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coda Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -27.95%. Coda Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -29.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coda Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -36.58%.

Coda Minerals EBIT Historical Data

The historical data trend for Coda 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.

Coda Minerals EBIT Chart

Coda Minerals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

-6.52

-14.20

-7.76

-4.98

Coda Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			-6.60	-4.43	-3.33	-2.65	-2.33

Competitive Comparison of Coda Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, Coda 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.

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

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

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

Coda 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$-4.98 Mil.

Coda Minerals (ASX:COD) EBIT Explanation

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

Coda 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 )
=	-5.308 * ( 1 - 0% )	/	( (18.813	+	19.163)	/ 2 )
=	-5.308	/	18.988
=	-27.95 %

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	))
=	23.555	-	0.582	-	( 4.718	-	max(0, 0.859	-	5.019	+	4.718	))
=	18.813

	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	))
=	21.149	-	0.131	-	( 1.855	-	max(0, 0.434	-	2.427	+	1.855	))
=	19.163

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:

Coda 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 )
=	-5.308	/	( ( (18.092 + max(-0.628, 0))	+	(18.224 + max(0.241, 0)) )	/	2 )
=	-5.308	/	( ( 18.092	+	18.465 )	/	2 )
=	-5.308	/	18.2785
=	-29.04 %

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	+	0.223)	-	(0.582	+	0	+	0.269)
=	-0.628

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.282	+	0	+	0.29)	-	(0.131	+	0	+	0.2)
=	0.241

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.982	/	13.621
	=	-36.58 %

Coda Minerals EBIT Related Terms

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Coda Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Altona Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.codaminerals.com

Coda Minerals Ltd is focused on the exploration, discovery, and development of minerals in the base metals, precious metals and battery minerals sector. The company's reportable segments include Elizabeth Creek Copper Cobalt project, Cameron River Copper Gold project and the Kinloch project. The company generate the majority of its revenue from Elizabeth Creek project.

Coda Minerals Headlines

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