Far East Gold (ASX:FEG) EBIT : A$-1.81 Mil (TTM As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Far East Gold EBIT?

Far East Gold's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Far East Gold's annualized ROC % for the quarter that ended in Dec. 2023 was -5.91%. Far East Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Far East Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.29%.

Far East Gold EBIT Historical Data

The historical data trend for Far East Gold'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.

Far East Gold EBIT Chart

Far East Gold Annual Data

Trend

Jun22

Jun23

EBIT

-2.69

Far East Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-	-1.73	-0.95	-0.86

Competitive Comparison of Far East Gold's EBIT

For the Other Precious Metals & Mining subindustry, Far East Gold'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.

Far East Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Far East Gold's EV-to-EBIT falls into.

Far East Gold 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$-1.81 Mil.

Far East Gold (ASX:FEG) EBIT Explanation

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

Far East Gold'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 )
=	-1.632 * ( 1 - 0% )	/	( (26.462	+	28.734)	/ 2 )
=	-1.632	/	27.598
=	-5.91 %

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	))
=	30.971	-	2.207	-	( 3.933	-	max(0, 2.336	-	4.638	+	3.933	))
=	26.462

	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	))
=	34.282	-	1.339	-	( 4.786	-	max(0, 1.455	-	5.664	+	4.786	))
=	28.734

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:

Far East Gold'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 )
=	-1.718	/	( ( (25.602 + max(-1.511, 0))	+	(27.859 + max(-0.477, 0)) )	/	2 )
=	-1.718	/	( ( 25.602	+	27.859 )	/	2 )
=	-1.718	/	26.7305
=	-6.43 %

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)
=	(0.108	+	0	+	0.597)	-	(2.207	+	0	+	0.0089999999999999)
=	-1.511

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.213	+	0	+	0.665)	-	(1.339	+	0	+	0.016)
=	-0.477

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:

Far East Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.812	/	28.800
	=	-6.29 %

Far East Gold EBIT Related Terms

Thank you for viewing the detailed overview of Far East Gold's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Far East Gold (ASX:FEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.fareast.gold

Far East Gold Ltd is engaged in the exploration of minerals. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass creek, Mount Clark west, Woyla, Wonogiri, and Trenggalek.

Far East Gold (ASX:FEG) Headlines

No Headlines