Galileo Mining (ASX:GAL) EBIT : A$2.88 Mil (TTM As of Dec. 2023)

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What is Galileo Mining EBIT?

Galileo Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-1.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$2.88 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Galileo Mining's annualized ROC % for the quarter that ended in Dec. 2023 was -6.41%. Galileo Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Galileo Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.57%.

Galileo Mining EBIT Historical Data

The historical data trend for Galileo Mining'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.

Galileo Mining EBIT Chart

Galileo Mining Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-1.24

-0.81

-1.21

-2.10

2.88

Galileo Mining Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial								-0.57	-1.04	-1.06	-1.01	3.89

Competitive Comparison of Galileo Mining's EBIT

For the Other Industrial Metals & Mining subindustry, Galileo Mining'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.

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

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

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

Galileo Mining 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$2.88 Mil.

Galileo Mining (ASX:GAL) EBIT Explanation

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

Galileo Mining'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 )
=	-2.014 * ( 1 - 0% )	/	( (30.05	+	32.78)	/ 2 )
=	-2.014	/	31.415
=	-6.41 %

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	))
=	44.714	-	1.194	-	( 14.457	-	max(0, 1.368	-	14.838	+	14.457	))
=	30.05

	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	))
=	43.203	-	0.175	-	( 10.405	-	max(0, 0.34	-	10.588	+	10.405	))
=	32.78

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:

Galileo Mining'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 )
=	-2.014	/	( ( (29.53 + max(-1.272, 0))	+	(32.447 + max(-0.132, 0)) )	/	2 )
=	-2.014	/	( ( 29.53	+	32.447 )	/	2 )
=	-2.014	/	30.9885
=	-6.50 %

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	+	0.040999999999999)	-	(1.194	+	0	+	0.119)
=	-1.272

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.138	+	0	+	0.045)	-	(0.175	+	0	+	0.14)
=	-0.132

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:

Galileo Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2.882	/	15.517
	=	18.57 %

Galileo Mining EBIT Related Terms

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Galileo Mining Business Description

Industry

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Address

945 Wellington Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.galileomining.com.au

Galileo Mining Ltd is engaged in the business of mineral exploration and development in Western Australia. It holds interests in the Fraser Range Project with exploration tenements prospective for nickel-copper-cobalt deposits. The Norseman Project with exploration tenements prospective for nickel, palladium, platinum, cobalt and lithium deposits with existing JORC compliant palladium-nickel and cobalt-nickel resources.