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Resources & Energy Group (ASX:REZ) EBIT : A$-1.52 Mil (TTM As of Dec. 2023)


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What is Resources & Energy Group EBIT?

Resources & Energy Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Resources & Energy Group's annualized ROC % for the quarter that ended in Dec. 2023 was -14.47%. Resources & Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Resources & Energy Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.67%.

Resources & Energy Group EBIT Historical Data

The historical data trend for Resources & Energy Group'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.

Resources & Energy Group EBIT Chart

Resources & Energy Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.45 -1.47 0.16 -1.33 -1.52

Resources & Energy Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.54 -0.57 -0.76 -0.68 -0.85

Competitive Comparison of Resources & Energy Group's EBIT

For the Gold subindustry, Resources & Energy Group'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.

Resources & Energy Group's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Resources & Energy Group's EV-to-EBIT falls into.


Resources & Energy Group 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$-1.52 Mil.

* 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.

Resources & Energy Group  (ASX:REZ) EBIT Explanation

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

Resources & Energy Group'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 )
=-1.354 * ( 1 - 0% )/( (9.373 + 9.34)/ 2 )
=-1.354/9.3565
=-14.47 %

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))
=10.773 - 0.695 - ( 0.705 - max(0, 0.709 - 2.225+0.705))
=9.373

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))
=10.763 - 1.318 - ( 0.105 - max(0, 1.332 - 1.649+0.105))
=9.34

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:

Resources & Energy Group'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 )
=-1.354/( ( (8.548 + max(0.811, 0)) + (9.115 + max(0.212, 0)) )/ 2 )
=-1.354/( ( 9.359 + 9.327 )/ 2 )
=-1.354/9.343
=-14.49 %

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 + 1.52) - (0.695 + 0 + 0.014)
=0.811

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.024 + 0 + 1.52) - (1.318 + 0 + 0.014)
=0.212

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:

Resources & Energy Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-1.523/13.045
=-11.67 %

* 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.

Resources & Energy Group EBIT Related Terms

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Resources & Energy Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resources & Energy Group Ltd (ASX:REZ) » Definitions » EBIT
Comparable Companies
ASX:ARI ASX:MAG ASX:ODY ASX:KZR ASX:HAW ASX:AS1 ASX:MAN ASX:AAM ASX:MKG ASX:ORD SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV JSE:GFI SHSE:600547 MIC:PLZL ASX:NST
Traded in Other Exchanges
N/A
Address
66 Hunter Street, Level 3, Suite 301, Sydney, NSW, AUS, 2000
Website
https://www.rezgroup.com.au
Resources & Energy Group Ltd is engaged in the exploration and development of gold and silver deposits in Australia. The company holds an interest in East Menzies Gold Project and Mount Mackenzie Gold/Silver Project. The company has two operating segment namely, gold mine exploration and development and other activities. The revenue is generated from gold mine exploration and development segment.