GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NICO Resources Ltd (ASX:NC1) » Definitions » EBIT

NICO Resources (ASX:NC1) EBIT : A$-3.61 Mil (TTM As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is NICO Resources EBIT?

NICO Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NICO Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -49.47%. NICO Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -44.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NICO Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -86.24%.


NICO Resources EBIT Historical Data

The historical data trend for NICO 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.

NICO Resources EBIT Chart

NICO Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24
EBIT
- -1.81 -3.80 -3.61

NICO Resources Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
EBIT - -1.41 -2.39 -2.33 -1.28

Competitive Comparison of NICO Resources's EBIT

For the Other Industrial Metals & Mining subindustry, NICO 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.


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

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

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



NICO 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$-3.61 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.


NICO Resources  (ASX:NC1) EBIT Explanation

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

NICO 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 )
=-5.292 * ( 1 - 0% )/( (9.416 + 11.979)/ 2 )
=-5.292/10.6975
=-49.47 %

where

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:

NICO 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 )
=-4.662/( ( (9.186 + max(-0.517, 0)) + (11.783 + max(-0.57, 0)) )/ 2 )
=-4.662/( ( 9.186 + 11.783 )/ 2 )
=-4.662/10.4845
=-44.47 %

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)
=(0.019 + 0.048 + 0.077) - (0.589 + 0 + 0.072)
=-0.517

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.319 + 0.046 + -8.8817841970013E-16) - (0.821 + 0 + 0.114)
=-0.57

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-3.609/4.185
=-86.24 %

* 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.


NICO Resources EBIT Related Terms

Thank you for viewing the detailed overview of NICO Resources's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


NICO Resources Business Description

Traded in Other Exchanges
Address
190 St Georges Terrace, Level 6, Perth, WA, AUS, 6000
NICO Resources Ltd is engaged in exploring, developing, evaluating, acquiring, and exploiting mineral resource project opportunities. It operates in one geographical segment being Australia.

NICO Resources Headlines

No Headlines