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Nimy Resources (ASX:NIM) EBIT : A$-2.36 Mil (TTM As of Dec. 2023)


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What is Nimy Resources EBIT?

Nimy Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nimy Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -448.98%. Nimy Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2,127.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nimy Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -27.92%.

Nimy Resources EBIT Historical Data

The historical data trend for Nimy 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.

Nimy Resources EBIT Chart

Nimy Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24
EBIT
- -5.87 -6.14 -2.36

Nimy Resources Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial -4.15 -2.07 -4.07 -2.47 0.11

Competitive Comparison of Nimy Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Nimy 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.

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

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

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


Nimy 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$-2.36 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.

Nimy Resources  (ASX:NIM) EBIT Explanation

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

Nimy 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 )
=-4.748 * ( 1 - 0% )/( (0.275 + 1.84)/ 2 )
=-4.748/1.0575
=-448.98 %

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))
=1.084 - 0.287 - ( 0.621 - max(0, 0.327 - 0.849+0.621))
=0.275

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))
=1.477 - 0.271 - ( 1.062 - max(0, 1.881 - 1.247+1.062))
=1.84

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:

Nimy 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 )
=-4.936/( ( (0.234 + max(-0.299, 0)) + (0.23 + max(-1.674, 0)) )/ 2 )
=-4.936/( ( 0.234 + 0.23 )/ 2 )
=-4.936/0.232
=-2,127.59 %

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 + 0.01) - (0.287 + 0 + 0.022)
=-0.299

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.185 + 0 + 0) - (0.271 + 0 + 1.588)
=-1.674

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-2.356/8.439
=-27.92 %

* 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.

Nimy Resources EBIT Related Terms

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Nimy Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nimy Resources Ltd (ASX:NIM) » Definitions » EBIT
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Traded in Other Exchanges
P4G:Germany
Address
254 Adelaide Terrace, Perth, WA, AUS, 6000
Website
https://www.nimy.com.au
Nimy Resources Ltd is a nickel resources exploration company. Its vision is to responsibly discover and develop an economic Nickel Sulphide project in a Tier 1 jurisdiction, Western Australia.