Mallee Resources (ASX:MYL) EBIT : A$-4.57 Mil (TTM As of Dec. 2021)

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What is Mallee Resources EBIT?

Mallee Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2021 was A$-0.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was A$-4.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mallee Resources's annualized ROC % for the quarter that ended in Dec. 2021 was -15.69%. Mallee Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -5.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mallee Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -3.43%.

Mallee Resources EBIT Historical Data

The historical data trend for Mallee 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.

Mallee Resources EBIT Chart

Mallee Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

EBIT

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-11.12

-16.35

-13.32

-4.50

-4.57

Mallee Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
EBIT	Get a 7-Day Free Trial															-5.08	-4.27	-0.23	-0.49	-4.08

Competitive Comparison of Mallee Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Mallee 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.

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

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

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

Mallee 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-4.57 Mil.

Mallee Resources (ASX:MYL) EBIT Explanation

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

Mallee Resources's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

	ROC % (Q: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Dec. 2021 ))	/ count )
=	-3.104 * ( 1 - 0% )	/	( (25.786	+	13.78)	/ 2 )
=	-3.104	/	19.783
=	-15.69 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	36.727	-	0.205	-	( 10.736	-	max(0, 1.143	-	36.547	+	10.736	))
=	25.786

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	49.92	-	0.151	-	( 35.989	-	max(0, 0.358	-	49.769	+	35.989	))
=	13.78

Note: The Operating Income data used here is two times the semi-annual (Dec. 2021) data.

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

Mallee Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Dec. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.97	/	( ( (0.18 + max(24.607, 0))	+	(0.151 + max(13.474, 0)) )	/	2 )
=	-0.97	/	( ( 24.787	+	13.625 )	/	2 )
=	-0.97	/	19.206
=	-5.05 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	25.7)	-	(0.205	+	0	+	0.888)
=	24.607

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.781	+	0	+	-0.00099999999999767)	-	(0.151	+	0	+	0.155)
=	13.474

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2021 )
	=	-4.568	/	133.078
	=	-3.43 %

Mallee Resources EBIT Related Terms

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Mallee Resources (ASX:MYL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Havelock Street, Suite 1, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

http://www.malleeresources.com.au

Mallee Resources Ltd, formerly Myanmar Metals Ltd is a mineral exploration and mining company. It has an interest in the Bawdwin deposit located in Shan State, Myanmar.

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