Dreadnought Resources (ASX:DRE) EBIT : A$-6.53 Mil (TTM As of Dec. 2023)

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What is Dreadnought Resources EBIT?

Dreadnought Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-3.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-6.53 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dreadnought Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -15.33%. Dreadnought Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dreadnought Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.88%.

Dreadnought Resources EBIT Historical Data

The historical data trend for Dreadnought 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.

Dreadnought Resources EBIT Chart

Dreadnought Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-1.14

-1.20

-1.39

-5.84

-6.53

Dreadnought 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															-0.45	-2.56	-3.29	-3.44	-3.09

Competitive Comparison of Dreadnought Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Dreadnought 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.

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

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

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

Dreadnought 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$-6.53 Mil.

Dreadnought Resources (ASX:DRE) EBIT Explanation

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

Dreadnought 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 )
=	-7.302 * ( 1 - 0% )	/	( (43.069	+	52.176)	/ 2 )
=	-7.302	/	47.6225
=	-15.33 %

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	))
=	55.361	-	4.197	-	( 11.676	-	max(0, 4.376	-	12.471	+	11.676	))
=	43.069

	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	))
=	55.716	-	0.795	-	( 2.837	-	max(0, 1.034	-	3.779	+	2.837	))
=	52.176

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:

Dreadnought 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 )
=	-6.88	/	( ( (42.889 + max(-3.895, 0))	+	(51.938 + max(-0.055, 0)) )	/	2 )
=	-6.88	/	( ( 42.889	+	51.938 )	/	2 )
=	-6.88	/	47.4135
=	-14.51 %

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	+	0.447)	-	(4.197	+	0	+	0.145)
=	-3.895

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.572	+	0	+	0.37)	-	(0.795	+	0	+	0.202)
=	-0.055

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-6.534	/	43.897
	=	-14.88 %

Dreadnought Resources EBIT Related Terms

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Dreadnought Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1, 4 Burgay Court, Osborne Park, WA, AUS, 6017

Website

https://www.dreadnoughtresources.com.au

Dreadnought Resources Ltd is a natural resource exploration and development company. It focuses on gold exploration and resource development in the Tanami region of the Northern Territory. Its projects include Kimberley, Mangaroon, Central Yilgarn, and Bresnahan.