Diatreme Resources (ASX:DRX) EBIT : A$10.50 Mil (TTM As of Jun. 2023)

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What is Diatreme Resources EBIT?

Diatreme Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-1.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$10.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Diatreme Resources's annualized ROC % for the quarter that ended in Jun. 2023 was -5.70%. Diatreme Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -13.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Diatreme Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 16.97%.

Diatreme Resources EBIT Historical Data

The historical data trend for Diatreme 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.

Diatreme Resources EBIT Chart

Diatreme Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.17

-0.87

-2.04

5.10

10.50

Diatreme Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-1.09	-1.40	6.50	-1.08	11.58

Competitive Comparison of Diatreme Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Diatreme 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.

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

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

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

Diatreme 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$10.50 Mil.

Diatreme Resources (ASX:DRX) EBIT Explanation

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

Diatreme Resources's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-2.392 * ( 1 - 0% )	/	( (41.171	+	42.73)	/ 2 )
=	-2.392	/	41.9505
=	-5.70 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	55.334	-	0.967	-	( 13.641	-	max(0, 1.008	-	14.204	+	13.641	))
=	41.171

	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	))
=	54.213	-	0.699	-	( 12.826	-	max(0, 2.232	-	13.016	+	12.826	))
=	42.73

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Diatreme Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.16	/	( ( (15.974 + max(-0.535, 0))	+	(15.916 + max(-0.514, 0)) )	/	2 )
=	-2.16	/	( ( 15.974	+	15.916 )	/	2 )
=	-2.16	/	15.945
=	-13.55 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.441	+	0	+	0)	-	(0.967	+	0	+	0.009)
=	-0.535

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.19	+	0	+	0)	-	(0.699	+	0	+	0.0050000000000003)
=	-0.514

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	10.496	/	61.840
	=	16.97 %

Diatreme Resources EBIT Related Terms

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Diatreme Resources (ASX:DRX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

55-61 Holdsworth Street, Unit 8, Coorparoo, Brisbane, QLD, AUS, 4151

Website

https://www.diatreme.com.au

Diatreme Resources Ltd is engaged in exploring heavy mineral sands, copper, gold and base metals in Australia. The company's projects include Cyclone Zircon Project, Galalar Silica Project, Clermont Copper/Gold Project and others.

Diatreme Resources (ASX:DRX) Headlines

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