Patagonia Lithium (ASX:PL3) EBIT : A$ Mil (TTM As of Jun. 2024)

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What is Patagonia Lithium EBIT?

Patagonia Lithium's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-0.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Patagonia Lithium's annualized ROC % for the quarter that ended in Jun. 2024 was -20.18%. Patagonia Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Patagonia Lithium EBIT Historical Data

The historical data trend for Patagonia Lithium'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.

Patagonia Lithium EBIT Chart

Patagonia Lithium Annual Data

Trend

Dec23

EBIT

-1.10

Patagonia Lithium Semi-Annual Data
	Jun23	Dec23	Jun24
EBIT	-0.46	-0.64	-0.06

Competitive Comparison of Patagonia Lithium's EBIT

For the Other Industrial Metals & Mining subindustry, Patagonia Lithium'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.

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

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

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

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

Patagonia Lithium (ASX:PL3) EBIT Explanation

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

Patagonia Lithium's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-1.146 * ( 1 - 0% )	/	( (4.588	+	6.772)	/ 2 )
=	-1.146	/	5.68
=	-20.18 %

where

	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	))
=	7.334	-	0.095	-	( 2.651	-	max(0, 0.215	-	2.891	+	2.651	))
=	4.588

	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	))
=	7.166	-	0.098	-	( 0.296	-	max(0, 0.139	-	0.767	+	0.296	))
=	6.772

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.11	/	( ( (4.443 + max(0.055, 0))	+	(6.399 + max(0.373, 0)) )	/	2 )
=	-0.11	/	( ( 4.498	+	6.772 )	/	2 )
=	-0.11	/	5.635
=	-1.95 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.151)	-	(0.095	+	0	+	0.001)
=	0.055

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.396	+	0	+	0.075)	-	(0.098	+	0	+	0)
=	0.373

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=		/	3.845
	=	%

Patagonia Lithium EBIT Related Terms

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Patagonia Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Lithium Ltd (ASX:PL3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Little Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.patagonialithium.com.au

Patagonia Lithium Ltd engages in mining and exploration activities. The company is pursuing lithium exploration projects in Argentina. It holds interest in Formentera Project; Cilon Project; and Tomas III Project. The Formentera Project and the Cilon Project are situated in the Province of Jujuy, Argentina. The Tomas III Project is situated in the Province of Salta, Argentina.

Patagonia Lithium Headlines

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