Resource Base (ASX:RBX) EBIT : A$-3.57 Mil (TTM As of Dec. 2023)

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What is Resource Base EBIT?

Resource Base's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Resource Base's annualized ROC % for the quarter that ended in Dec. 2023 was -16.04%. Resource Base's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Resource Base's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -213.50%.

Resource Base EBIT Historical Data

The historical data trend for Resource Base'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.

Resource Base EBIT Chart

Resource Base Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.70

-1.17

-2.18

-4.01

Resource Base Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1.15	-3.33	-0.80	-3.21	-0.36

Competitive Comparison of Resource Base's EBIT

For the Gold subindustry, Resource Base'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.

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

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

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

Resource Base 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$-3.57 Mil.

Resource Base (ASX:RBX) EBIT Explanation

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

Resource Base'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 )
=	-0.724 * ( 1 - 0% )	/	( (4.293	+	4.737)	/ 2 )
=	-0.724	/	4.515
=	-16.04 %

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	))
=	5.931	-	0.065	-	( 1.586	-	max(0, 0.065	-	1.638	+	1.586	))
=	4.293

	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	))
=	5.587	-	0.034	-	( 0.816	-	max(0, 0.036	-	0.965	+	0.816	))
=	4.737

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:

Resource Base'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 )
=	-0.724	/	( ( (4.262 + max(-0.013, 0))	+	(4.591 + max(0.113, 0)) )	/	2 )
=	-0.724	/	( ( 4.262	+	4.704 )	/	2 )
=	-0.724	/	4.483
=	-16.15 %

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	+	0.052)	-	(0.065	+	0	+	0)
=	-0.013

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.149)	-	(0.034	+	0	+	0.002)
=	0.113

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.574	/	1.674
	=	-213.50 %

Resource Base EBIT Related Terms

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Resource Base (ASX:RBX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.resourcebase.com.au

Resource Base Ltd is a mineral exploration company focused on the acquisition and development of highly prospective exploration projects with demonstrated potential for scalable discoveries. The Company's primary focus was to advance the development of its Mitre Hill REE Project, the Wali and Ernst Lake lithium projects in Quebec, and the Black Range Project in Victoria. The company is organized into one operating segment, being the exploration and production of gold in Australia. Geographically, it operates within Australia.

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