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Far Northern Resources (ASX:FNR) EBIT : A$ Mil (TTM As of Jun. 2024)


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What is Far Northern Resources EBIT?

Far Northern Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-1.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Far Northern Resources's annualized ROC % for the quarter that ended in Jun. 2024 was -29.56%. Far Northern Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -53.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Far Northern Resources EBIT Historical Data

The historical data trend for Far Northern 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.

Far Northern Resources EBIT Chart

Far Northern Resources Annual Data
Trend Jun21 Jun22 Jun24
EBIT
-0.31 -0.11 -1.08

Far Northern Resources Semi-Annual Data
Jun21 Jun22 Jun24
EBIT -0.31 -0.11 -1.08

Competitive Comparison of Far Northern Resources's EBIT

For the Gold subindustry, Far Northern 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.

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

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

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


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Far Northern 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was A$ 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.

Far Northern Resources  (ASX:FNR) EBIT Explanation

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

Far Northern Resources'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: Jun. 2022 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-1.082 * ( 1 - 0% )/( (1.511 + 5.81)/ 2 )
=-1.082/3.6605
=-29.56 %

where

Invested Capital(Q: Jun. 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))
=1.521 - 0 - ( 0.01 - max(0, 0 - 0.014+0.01))
=1.511

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))
=9.424 - 0.111 - ( 3.564 - max(0, 0.111 - 3.614+3.564))
=5.81

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

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

Far Northern Resources'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: Jun. 2022  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.076/( ( (0.953 + max(0.004, 0)) + (3.054 + max(-0.061, 0)) )/ 2 )
=-1.076/( ( 0.957 + 3.054 )/ 2 )
=-1.076/2.0055
=-53.65 %

where Working Capital is:

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.003 + 0 + 0.001) - (0 + 0 + 0)
=0.004

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.05) - (0.111 + 0 + 0)
=-0.061

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=/6.295
= %

* 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.

Far Northern Resources EBIT Related Terms

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Far Northern Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far Northern Resources Ltd (ASX:FNR) » Definitions » EBIT
Comparable Companies
ASX:ALY ASX:BCM ASX:PGD ASX:NME ASX:PGO ASX:CVR ASX:HMG ASX:AAU ASX:WMG ASX:GBZ SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV MIC:PLZL JSE:GFI AU SHSE:600547
Traded in Other Exchanges
N/A
Address
107 Alfred Street, Unit D, Fortitude Valley, QLD, AUS, 4006
Website
https://www.farnorthernresources.com
Far Northern Resources Ltd is a Queensland-based, gold and base metals exploration company. It holds a majority interest in two resource licenses. Its activities over the last few years have been focused on the exploration of ML 20380, a mining lease held by Premier. Its projects include the Bridge Creek Project, Empire Project and Rocks Reef Project.

Far Northern Resources Headlines

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