Noronex (ASX:NRX) EBIT : A$-3.55 Mil (TTM As of Dec. 2024)

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What is Noronex EBIT?

Noronex's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-2.62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-3.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Noronex's annualized ROC % for the quarter that ended in Dec. 2024 was -254.17%. Noronex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -324.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Noronex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -38.69%.

Noronex EBIT Historical Data

The historical data trend for Noronex'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.

Noronex EBIT Chart

Noronex Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

Get a 7-Day Free Trial

-0.70

-2.17

-5.69

-3.39

-2.57

Noronex Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial										-1.83	-1.57	-1.64	-0.93	-2.62

Competitive Comparison of Noronex's EBIT

For the Copper subindustry, Noronex'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.

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

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

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

Noronex 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.55 Mil.

Noronex (ASX:NRX) EBIT Explanation

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

Noronex's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-5.246 * ( 1 - 0% )	/	( (2.957	+	1.171)	/ 2 )
=	-5.246	/	2.064
=	-254.17 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	3.81	-	0.342	-	( 0.914	-	max(0, 0.754	-	1.265	+	0.914	))
=	2.957

	Invested Capital		(Q: Dec. 2024 )
=	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	))
=	1.645	-	0.3	-	( 0.501	-	max(0, 0.781	-	0.955	+	0.501	))
=	1.171

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

Noronex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.246	/	( ( (2.545 + max(-0.45, 0))	+	(0.69 + max(-0.327, 0)) )	/	2 )
=	-5.246	/	( ( 2.545	+	0.69 )	/	2 )
=	-5.246	/	1.6175
=	-324.33 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.304)	-	(0.342	+	0	+	0.412)
=	-0.45

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.15	+	0	+	0.304)	-	(0.3	+	0	+	0.481)
=	-0.327

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	-3.549	/	9.174
	=	-38.69 %

Noronex EBIT Related Terms

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Noronex Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Brisbane, WA, AUS, 60008

Website

https://www.noronexlimited.com.au

Noronex Ltd is a mineral exploration company, identifying projects in Australia. The company holds a portfolio of high-grade copper projects in Canada and an option to acquire three prospecting licences that are prospective for sedimentary Cu-Ag mineralization along the prolific Kalahari Copper Belt that spans Namibia and Botswana. The group operates in the mineral exploration sector predominantly in Australia, Namibia, and Canada.

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