Pilbara Minerals (ASX:PLS) EBIT : A$495 Mil (TTM As of Jun. 2024)

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What is Pilbara Minerals EBIT?

Pilbara Minerals's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$495 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pilbara Minerals's annualized ROC % for the quarter that ended in Jun. 2024 was 29.79%. Pilbara Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pilbara Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.62%.

Pilbara Minerals EBIT Historical Data

The historical data trend for Pilbara 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.

Pilbara Minerals EBIT Chart

Pilbara Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-73.58

-24.62

777.40

3,395.68

494.53

Pilbara Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															642.57	1,794.18	1,601.50	420.38	74.15

Competitive Comparison of Pilbara Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, Pilbara 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.

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

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

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

Pilbara 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$495 Mil.

Pilbara Minerals (ASX:PLS) EBIT Explanation

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

Pilbara Minerals'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 )
=	1155.952 * ( 1 - 40.2% )	/	( (2132.201	+	2508.694)	/ 2 )
=	691.259296	/	2320.4475
=	29.79 %

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	))
=	4397.26	-	411.562	-	( 2149.19	-	max(0, 552.269	-	2405.766	+	2149.19	))
=	2132.201

	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	))
=	4309.245	-	285.408	-	( 1626.476	-	max(0, 430.452	-	1945.595	+	1626.476	))
=	2508.694

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:

Pilbara Minerals'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 )
=	148.308	/	( ( (1707.647 + max(-162.89, 0))	+	(2153.16 + max(-11.233, 0)) )	/	2 )
=	148.308	/	( ( 1707.647	+	2153.16 )	/	2 )
=	148.308	/	1930.4035
=	7.68 %

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)
=	(105.688	+	122.18	+	28.708)	-	(411.562	+	0	+	7.904)
=	-162.89

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.407	+	132.23	+	108.809)	-	(285.408	+	0	+	9.271)
=	-11.233

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	494.531	/	5737.311
	=	8.62 %

Pilbara Minerals EBIT Related Terms

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Pilbara Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PILBF:USA PLR:Germany

Address

146 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.pilbaraminerals.com.au

Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and operation of the Pilgangoora Project. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.

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