Copper Search (ASX:CUS) EBIT : A$-3.82 Mil (TTM As of Jun. 2024)

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What is Copper Search EBIT?

Copper Search's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-1.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-3.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Copper Search's annualized ROC % for the quarter that ended in Jun. 2024 was -487.93%. Copper Search's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -554.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Copper Search's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -216.75%.

Copper Search EBIT Historical Data

The historical data trend for Copper Search'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.

Copper Search EBIT Chart

Copper Search Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

EBIT

-1.05

-3.45

-4.13

-5.21

Copper Search Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial				-1.44	-2.69	-3.52	-1.70	-2.12

Competitive Comparison of Copper Search's EBIT

For the Other Precious Metals & Mining subindustry, Copper Search'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.

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

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

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

Copper Search 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.82 Mil.

Copper Search (ASX:CUS) EBIT Explanation

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

Copper Search's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-3.396 * ( 1 - 0% )	/	( (0.708	+	0.684)	/ 2 )
=	-3.396	/	0.696
=	-487.93 %

where

	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	))
=	4.152	-	0.157	-	( 3.287	-	max(0, 0.245	-	3.541	+	3.287	))
=	0.708

	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	))
=	4.766	-	0.482	-	( 3.847	-	max(0, 0.587	-	4.187	+	3.847	))
=	0.684

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

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

Copper Search's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.396	/	( ( (0.611 + max(0.034, 0))	+	(0.579 + max(-0.426, 0)) )	/	2 )
=	-3.396	/	( ( 0.645	+	0.579 )	/	2 )
=	-3.396	/	0.612
=	-554.90 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.121	+	0.134	+	-0.00099999999999989)	-	(0.157	+	0	+	0.063)
=	0.034

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.136	+	0)	-	(0.482	+	0	+	0.08)
=	-0.426

When net working capital is negative, 0 is used.

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

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

Copper Search's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-3.817	/	1.761
	=	-216.75 %

Copper Search EBIT Related Terms

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Copper Search Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Search Ltd (ASX:CUS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Sydenham Road, Norwood, SA, AUS, 5067

Website

https://www.coppersearch.com.au

Copper Search Ltd is a minerals exploration company targeting copper-gold deposits within the Gawler Craton of South Australia. The assets are divided into four main project areas: the Peake and Denison, and Ruby Hill Projects contain known copper occurrences, and the Billa Kalina projects; the Peake and Denison and Ruby Hill Projects have anomalous gold occurrences.

Copper Search Headlines

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