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Eastern Metals (ASX:EMS) EBIT : A$-2.57 Mil (TTM As of Dec. 2024)


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What is Eastern Metals EBIT?

Eastern Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-1.55 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-2.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eastern Metals's annualized ROC % for the quarter that ended in Dec. 2024 was -307.95%. Eastern Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -353.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eastern Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -234.55%.

Eastern Metals EBIT Historical Data

The historical data trend for Eastern 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.

Eastern Metals EBIT Chart

Eastern Metals Annual Data
Trend Jun22 Jun23 Jun24
EBIT
-2.94 -2.50 -1.97

Eastern Metals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
EBIT Get a 7-Day Free Trial -1.73 -0.77 -0.96 -1.02 -1.55

Competitive Comparison of Eastern Metals's EBIT

For the Other Precious Metals & Mining subindustry, Eastern 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.

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

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

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


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Eastern 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$-2.57 Mil.

* 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.

Eastern Metals  (ASX:EMS) EBIT Explanation

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

Eastern 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 )
=-3.098 * ( 1 - 0% )/( (1.003 + 1.009)/ 2 )
=-3.098/1.006
=-307.95 %

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))
=2.168 - 0.219 - ( 1.046 - max(0, 0.219 - 1.165+1.046))
=1.003

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))
=1.269 - 0.136 - ( 0.156 - max(0, 0.136 - 0.26+0.156))
=1.009

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:

Eastern 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 )
=-3.098/( ( (0.876 + max(-0.219, 0)) + (0.878 + max(-0.032, 0)) )/ 2 )
=-3.098/( ( 0.876 + 0.878 )/ 2 )
=-3.098/0.877
=-353.25 %

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 + 0 + 0) - (0.219 + 0 + 0)
=-0.219

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.104 + 0 + 0) - (0.136 + 0 + 0)
=-0.032

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=-2.566/1.094
=-234.55 %

* 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.

Eastern Metals EBIT Related Terms

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Eastern Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Metals Ltd (ASX:EMS) » Definitions » EBIT
Comparable Companies
ASX:AVW ASX:OCT ASX:DUN ASX:KFM ASX:AS2 ASX:MOH ASX:LKY ASX:BPM ASX:M3M ASX:BMO ISX:AMMN JSE:AMS LSE:FRES SZSE:000975 JSE:IMP OICT TSX:TFPM LIM:BUENAVC1 HL JSE:SSW
Traded in Other Exchanges
N/A
Address
210 George Street, Level 8, Sydney, NSW, AUS, 2000
Website
https://www.easternmetals.com.au
Eastern Metals Ltd is an Australian junior base and precious metals exploration company with initial interests in three projects: the Arunta Project in the Northern Territory, Cobar Project and Thomson Project in New South Wales.

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