Helix Resources (ASX:HLX) EBIT : A$-1.16 Mil (TTM As of Dec. 2023)

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What is Helix Resources EBIT?

Helix Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.67 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Helix Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -8.49%. Helix Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -8.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Helix Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.93%.

Helix Resources EBIT Historical Data

The historical data trend for Helix 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.

Helix Resources EBIT Chart

Helix Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-0.66

-0.83

-1.97

-7.87

-1.16

Helix 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															-1.27	-0.80	-7.08	-0.67	-0.49

Competitive Comparison of Helix Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Helix 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.

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

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

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

Helix 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.16 Mil.

Helix Resources (ASX:HLX) EBIT Explanation

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

Helix Resources'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 )
=	-1.344 * ( 1 - 0% )	/	( (14.604	+	17.043)	/ 2 )
=	-1.344	/	15.8235
=	-8.49 %

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	))
=	20.762	-	0.416	-	( 5.873	-	max(0, 0.598	-	6.34	+	5.873	))
=	14.604

	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	))
=	20.036	-	0.311	-	( 3.011	-	max(0, 0.528	-	3.21	+	3.011	))
=	17.043

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:

Helix Resources'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 )
=	-1.344	/	( ( (13.981 + max(-0.112, 0))	+	(16.174 + max(-0.206, 0)) )	/	2 )
=	-1.344	/	( ( 13.981	+	16.174 )	/	2 )
=	-1.344	/	15.0775
=	-8.91 %

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)
=	(0.234	+	0	+	0.131)	-	(0.416	+	0	+	0.061)
=	-0.112

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.198	+	0	+	0.00099999999999989)	-	(0.311	+	0	+	0.094)
=	-0.206

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.164	/	10.649
	=	-10.93 %

Helix Resources EBIT Related Terms

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Helix Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Helix Resources Ltd (ASX:HLX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Street Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.helixresources.com.au

Helix Resources Ltd is a minerals exploration company engaged in copper, gold, iron ore and other base metal mineral exploration in Australia (New South Wales) and Chile. Its projects include Collerina Project, Rochford Copper Trend Project, Canbelego JV - NSW, Cobar Gold, Reserves and Resources. The company generates maximum revenue from Australia.