Infinity Lithium (ASX:INF) EBIT : A$-4.28 Mil (TTM As of Dec. 2023)

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What is Infinity Lithium EBIT?

Infinity Lithium's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Infinity Lithium's annualized ROC % for the quarter that ended in Dec. 2023 was -17.01%. Infinity Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -17.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Infinity Lithium's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -27.82%.

Infinity Lithium EBIT Historical Data

The historical data trend for Infinity Lithium'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.

Infinity Lithium EBIT Chart

Infinity Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-3.13

-1.81

2.46

-6.46

-4.07

Infinity Lithium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-4.29	-2.17	-2.44	-1.63	-2.64

Competitive Comparison of Infinity Lithium's EBIT

For the Other Industrial Metals & Mining subindustry, Infinity Lithium'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.

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

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

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

Infinity Lithium 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$-4.28 Mil.

Infinity Lithium (ASX:INF) EBIT Explanation

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

Infinity Lithium'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 )
=	-5.286 * ( 1 - 0% )	/	( (15.28	+	46.862)	/ 2 )
=	-5.286	/	31.071
=	-17.01 %

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	))
=	27.981	-	0.395	-	( 12.306	-	max(0, 0.499	-	13.241	+	12.306	))
=	15.28

	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	))
=	57.146	-	0.668	-	( 9.616	-	max(0, 0.793	-	40.728	+	9.616	))
=	46.862

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:

Infinity Lithium'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 )
=	-5.286	/	( ( (14.622 + max(-0.428, 0))	+	(16.282 + max(30.319, 0)) )	/	2 )
=	-5.286	/	( ( 14.622	+	46.601 )	/	2 )
=	-5.286	/	30.6115
=	-17.27 %

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	+	0.071)	-	(0.395	+	0	+	0.104)
=	-0.428

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.113	+	0	+	-0.00099999999999767)	-	(0.668	+	0	+	0.125)
=	30.319

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.275	/	15.364
	=	-27.82 %

Infinity Lithium EBIT Related Terms

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Infinity Lithium (ASX:INF) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

3PM:Germany

Address

22 Railway Road, Units 32/33, Level 3, Subiaco, Perth, WA, AUS, 6008

Website

https://www.infinitylithium.com

Infinity Lithium Corp Ltd is a mineral development company. Its San Jose Lithium Project is located in the western Spanish region of Extremadura and is in proximity to the town of Caceres. The San Jose Project will be developed by open-pit methods with the ore treated and refined onsite to produce high-quality, battery-grade lithium carbonate.