Genmin (ASX:GEN) EBIT : A$-16.97 Mil (TTM As of Jun. 2023)

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What is Genmin EBIT?

Genmin's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-9.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$-16.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Genmin's annualized ROC % for the quarter that ended in Jun. 2023 was -26.25%. Genmin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -27.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Genmin's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -15.10%.

Genmin EBIT Historical Data

The historical data trend for Genmin'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.

Genmin EBIT Chart

Genmin Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-3.07

-5.47

-10.73

-16.99

Genmin Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-4.61	-3.60	-6.98	-9.02	-7.95

Competitive Comparison of Genmin's EBIT

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

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

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

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

Genmin 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$-16.97 Mil.

Genmin (ASX:GEN) EBIT Explanation

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

Genmin'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 )
=	-18.068 * ( 1 - 0% )	/	( (65.86	+	71.801)	/ 2 )
=	-18.068	/	68.8305
=	-26.25 %

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	))
=	77.775	-	5.357	-	( 10.881	-	max(0, 5.664	-	12.222	+	10.881	))
=	65.86

	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	))
=	71.37	-	4.622	-	( 1.691	-	max(0, 7.979	-	2.926	+	1.691	))
=	71.801

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:

Genmin'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 )
=	-18.032	/	( ( (64.833 + max(-4.437, 0))	+	(67.722 + max(-3.387, 0)) )	/	2 )
=	-18.032	/	( ( 64.833	+	67.722 )	/	2 )
=	-18.032	/	66.2775
=	-27.21 %

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	+	0.044	+	0.876)	-	(5.357	+	0	+	-8.8817841970013E-16)
=	-4.437

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.319	+	0.07	+	0.846)	-	(4.622	+	0	+	0)
=	-3.387

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-16.966	/	112.366
	=	-15.10 %

Genmin EBIT Related Terms

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Genmin (ASX:GEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Genmin Ltd (ASX:GEN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Suite 3, Level 8,, London House, Perth, WA, AUS, 6000

Website

https://www.genmingroup.com

Genmin Ltd is an iron ore exploration and development company with a pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Minvoul/Bitam. The company's operating segments include Gabon Exploration and Corporate.