Norwest Minerals (ASX:NWM) EBIT : A$-1.05 Mil (TTM As of Dec. 2023)

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What is Norwest Minerals EBIT?

Norwest Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Norwest Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -5.40%. Norwest Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Norwest Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.26%.

Norwest Minerals EBIT Historical Data

The historical data trend for Norwest Minerals'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.

Norwest Minerals EBIT Chart

Norwest Minerals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

-1.27

-1.25

-1.82

-1.48

-1.29

Norwest Minerals Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial						-0.90	-0.58	-0.78	-0.51	-0.53

Competitive Comparison of Norwest Minerals's EBIT

For the Gold subindustry, Norwest Minerals'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.

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

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

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

Norwest Minerals 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$-1.05 Mil.

Norwest Minerals (ASX:NWM) EBIT Explanation

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

Norwest Minerals'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 )
=	-1.068 * ( 1 - 0% )	/	( (18.77	+	20.76)	/ 2 )
=	-1.068	/	19.765
=	-5.40 %

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	))
=	19.854	-	0.659	-	( 1.014	-	max(0, 0.659	-	1.084	+	1.014	))
=	18.77

	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	))
=	20.597	-	0.74	-	( 0.447	-	max(0, 1.44	-	0.537	+	0.447	))
=	20.76

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:

Norwest Minerals'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 )
=	-1.068	/	( ( (18.77 + max(-0.659, 0))	+	(20.06 + max(-0.85, 0)) )	/	2 )
=	-1.068	/	( ( 18.77	+	20.06 )	/	2 )
=	-1.068	/	19.415
=	-5.50 %

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)	-	(0.659	+	0	+	0)
=	-0.659

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.09	+	0	+	0)	-	(0.74	+	0	+	0.2)
=	-0.85

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.048	/	16.742
	=	-6.26 %

Norwest Minerals EBIT Related Terms

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Norwest Minerals (ASX:NWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norwest Minerals Ltd (ASX:NWM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NRWMF:USA

Address

7 Ventnor Avenue, Suite 1A, First Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.norwestminerals.com.au

Norwest Minerals Ltd is a gold and base metals exploration company. It holds an interest in gold and base-metal projects including the Warriedar Project, Bali Copper, Bulgera Gold, Arunta West Project, Marymia Project, and Marriott Nickel Project. The principal continuing activities of the Company were engaging in the business of seeking to exploit and mine natural resources.

Norwest Minerals (ASX:NWM) Headlines

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