Mont Royal Resources (ASX:MRZ) EBIT : A$-0.92 Mil (TTM As of Dec. 2023)

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What is Mont Royal Resources EBIT?

Mont Royal Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mont Royal Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -12.31%. Mont Royal Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mont Royal Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.93%.

Mont Royal Resources EBIT Historical Data

The historical data trend for Mont Royal 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.

Mont Royal Resources EBIT Chart

Mont Royal Resources Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

EBIT

-1.23

-0.71

-2.04

-0.85

Mont Royal Resources Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial				-1.58	-0.45	-0.42	-0.44	-0.48

Competitive Comparison of Mont Royal Resources's EBIT

For the Gold subindustry, Mont Royal 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.

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

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

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

Mont Royal 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$-0.92 Mil.

Mont Royal Resources (ASX:MRZ) EBIT Explanation

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

Mont Royal 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 )
=	-0.964 * ( 1 - 0% )	/	( (6.731	+	8.936)	/ 2 )
=	-0.964	/	7.8335
=	-12.31 %

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	))
=	9.603	-	0.612	-	( 2.26	-	max(0, 0.612	-	3.527	+	2.26	))
=	6.731

	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	))
=	11.222	-	0.397	-	( 1.889	-	max(0, 0.397	-	3.735	+	1.889	))
=	8.936

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:

Mont Royal 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 )
=	-0.964	/	( ( (6.077 + max(-0.583, 0))	+	(7.487 + max(1.449, 0)) )	/	2 )
=	-0.964	/	( ( 6.077	+	8.936 )	/	2 )
=	-0.964	/	7.5065
=	-12.84 %

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	+	0.029)	-	(0.612	+	0	+	0)
=	-0.583

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.829	+	0	+	0.017)	-	(0.397	+	0	+	0)
=	1.449

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.918	/	2.788
	=	-32.93 %

Mont Royal Resources EBIT Related Terms

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Mont Royal Resources (ASX:MRZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mont Royal Resources Ltd (ASX:MRZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Bligh Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.montroyalres.com

Mont Royal Resources Ltd is an Australia-based mineral exploration company. It is involved in the acquisition, exploration and development of mineral resource projects. The company's project includes the Wapatik Gold-Copper Project in Quebec, Canada, and the Northern Lights Minerals Pty Ltd in the Upper Eastmain Greenstone Belt in Quebec, Canada.

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