Maronan Metals (ASX:MMA) EBIT : A$-8.01 Mil (TTM As of Dec. 2023)

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What is Maronan Metals EBIT?

Maronan Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-3.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-8.01 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maronan Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -112.03%. Maronan Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5,044.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maronan Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -17.21%.

Maronan Metals EBIT Historical Data

The historical data trend for Maronan Metals'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.

Maronan Metals EBIT Chart

Maronan Metals Annual Data

Trend

Jun22

Jun23

EBIT

-1.12

-9.25

Maronan Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-	-4.58	-4.67	-3.34

Competitive Comparison of Maronan Metals's EBIT

For the Other Precious Metals & Mining subindustry, Maronan Metals'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.

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

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

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

Maronan Metals 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$-8.01 Mil.

Maronan Metals (ASX:MMA) EBIT Explanation

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

Maronan Metals'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 )
=	-6.684 * ( 1 - 0% )	/	( (6.013	+	5.919)	/ 2 )
=	-6.684	/	5.966
=	-112.03 %

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	))
=	12.072	-	1.017	-	( 5.93	-	max(0, 1.152	-	6.194	+	5.93	))
=	6.013

	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	))
=	7.963	-	0.198	-	( 2.024	-	max(0, 0.292	-	2.138	+	2.024	))
=	5.919

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:

Maronan Metals'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 )
=	-6.684	/	( ( (0.159 + max(-1.066, 0))	+	(0.106 + max(-0.154, 0)) )	/	2 )
=	-6.684	/	( ( 0.159	+	0.106 )	/	2 )
=	-6.684	/	0.1325
=	-5,044.53 %

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	+	0.034)	-	(1.017	+	0	+	0.083)
=	-1.066

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.113	+	0	+	0.00099999999999989)	-	(0.198	+	0	+	0.07)
=	-0.154

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-8.01	/	46.551
	=	-17.21 %

Maronan Metals EBIT Related Terms

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Maronan Metals (ASX:MMA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Griffith Street, Cloncurry, QLD, AUS, 4824

Website

http://www.maronanmetals.com.au

Maronan Metals Ltd is engaged in identifying and securing prospective mineral tenements and undertaking exploration for and development of mineral resources. It owns the Maronan lead-silver and copper-gold Project. The project is located in Queensland, Australia.

Maronan Metals (ASX:MMA) Headlines

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