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Highfield Resources (ASX:HFR) EBIT : A$-8.12 Mil (TTM As of Jun. 2024)


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What is Highfield Resources EBIT?

Highfield Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-2.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-8.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highfield Resources's annualized ROC % for the quarter that ended in Jun. 2024 was -5.27%. Highfield Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -3.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highfield Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -5.65%.


Highfield Resources EBIT Historical Data

The historical data trend for Highfield 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.

Highfield Resources EBIT Chart

Highfield Resources Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.47 -24.38 -6.66 -5.69 -8.43

Highfield Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.10 -2.58 -3.22 -5.22 -2.90

Competitive Comparison of Highfield Resources's EBIT

For the Agricultural Inputs subindustry, Highfield 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.


Highfield Resources's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Highfield Resources's EV-to-EBIT distribution charts can be found below:

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



Highfield 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.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-8.12 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.


Highfield Resources  (ASX:HFR) EBIT Explanation

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

Highfield 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: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-10.08 * ( 1 - 0% )/( (172.935 + 209.651)/ 2 )
=-10.08/191.293
=-5.27 %

where

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

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

Highfield 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: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.8/( ( (160.441 + max(11.001, 0)) + (159.458 + max(8.484, 0)) )/ 2 )
=-5.8/( ( 171.442 + 167.942 )/ 2 )
=-5.8/169.692
=-3.42 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 27.898) - (16.897 + 0 + 3.5527136788005E-15)
=11.001

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.717 + 0 + 0) - (16.625 + 0 + 7.608)
=8.484

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-8.115/143.552
=-5.65 %

* 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.


Highfield Resources EBIT Related Terms

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Highfield Resources Business Description

Traded in Other Exchanges
Address
169 Fullarton Road, Dulwich, SA, AUS, 5065
Highfield Resources Ltd is an Australia-based company engaged in mineral exploration. The group is organized into one main operating segment, which involves the development of potash mines in Spain. The company projects include Muga-Vipasca, Pintanos, and Sierra del Perdon potash projects. The operation of the firm functions throughout Australia.

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