OD6 Metals (ASX:OD6) EBIT : A$-1.64 Mil (TTM As of Dec. 2023)

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

What is OD6 Metals EBIT?

OD6 Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-1.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.64 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. OD6 Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -37.27%. OD6 Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -37.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. OD6 Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -106.97%.

OD6 Metals EBIT Historical Data

The historical data trend for OD6 Metals'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.

OD6 Metals EBIT Chart

OD6 Metals Annual Data

Trend

Jun22

Jun23

Jun24

EBIT

-1.34

-1.35

-1.47

OD6 Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			-	-0.59	-0.90	-1.02	-0.62

Competitive Comparison of OD6 Metals's EBIT

For the Other Industrial Metals & Mining subindustry, OD6 Metals'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.

OD6 Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, OD6 Metals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where OD6 Metals's EV-to-EBIT falls into.

OD6 Metals 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$-1.64 Mil.

OD6 Metals (ASX:OD6) EBIT Explanation

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

OD6 Metals'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 )
=	-2.046 * ( 1 - 0% )	/	( (4.916	+	6.062)	/ 2 )
=	-2.046	/	5.489
=	-37.27 %

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	))
=	8.611	-	0.904	-	( 3.515	-	max(0, 0.946	-	3.737	+	3.515	))
=	4.916

	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	))
=	8.276	-	0.274	-	( 2.088	-	max(0, 0.302	-	2.242	+	2.088	))
=	6.062

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:

OD6 Metals'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 )
=	-2.046	/	( ( (4.874 + max(-0.724, 0))	+	(6.034 + max(-0.148, 0)) )	/	2 )
=	-2.046	/	( ( 4.874	+	6.034 )	/	2 )
=	-2.046	/	5.454
=	-37.51 %

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	+	0.222)	-	(0.904	+	0	+	0.042)
=	-0.724

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.154)	-	(0.274	+	0	+	0.028)
=	-0.148

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:

OD6 Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.642	/	1.535
	=	-106.97 %

OD6 Metals EBIT Related Terms

Thank you for viewing the detailed overview of OD6 Metals's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

OD6 Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » OD6 Metals Ltd (ASX:OD6) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- LCP Group, 50 Kings Park Road, Level 1, West Perth, WA, AUS, 6005

Website

https://www.od6metals.com.au

OD6 Metals Ltd is a mineral exploration company focused on the discovery and potential development of large-scale rare earth element (REE) deposits. The company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, and other projects.

OD6 Metals Headlines

No Headlines