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Minerals 260 (ASX:MI6) EBIT : A$-5.06 Mil (TTM As of Dec. 2024)


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What is Minerals 260 EBIT?

Minerals 260's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-2.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-5.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Minerals 260's annualized ROC % for the quarter that ended in Dec. 2024 was -447.76%. Minerals 260's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -766.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Minerals 260's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -23.19%.


Minerals 260 EBIT Historical Data

The historical data trend for Minerals 260'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.

Minerals 260 EBIT Chart

Minerals 260 Annual Data
Trend Jun21 Jun22 Jun23 Jun24
EBIT
- -88.65 -13.91 -7.65

Minerals 260 Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
EBIT Get a 7-Day Free Trial -3.74 -10.17 -5.03 -2.61 -2.45

Competitive Comparison of Minerals 260's EBIT

For the Other Precious Metals & Mining subindustry, Minerals 260'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.


Minerals 260's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Minerals 260's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Minerals 260's EV-to-EBIT falls into.


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Minerals 260 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-5.06 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.


Minerals 260  (ASX:MI6) EBIT Explanation

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

Minerals 260's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-4.894 * ( 1 - 0% )/( (1.039 + 1.147)/ 2 )
=-4.894/1.093
=-447.76 %

where

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

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

Minerals 260's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.894/( ( (0.68 + max(-0.433, 0)) + (0.597 + max(-0.334, 0)) )/ 2 )
=-4.894/( ( 0.68 + 0.597 )/ 2 )
=-4.894/0.6385
=-766.48 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.011 + 0 + 0.1) - (0.364 + 0 + 0.18)
=-0.433

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.032 + 0 + 0.136) - (0.354 + 0 + 0.148)
=-0.334

When net working capital is negative, 0 is used.

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

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

Minerals 260's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=-5.06/21.818
=-23.19 %

* 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.


Minerals 260 EBIT Related Terms

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Minerals 260 Business Description

Traded in Other Exchanges
N/A
Address
1292 Hay Street, Level 2, West Perth, WA, AUS, 6005
Minerals 260 Ltd is a mineral exploration company. The company's projects include Moora Project, Koojan JV Project, Dingo Rocks, and Yalwest.

Minerals 260 Headlines

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