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Resource Mining (ASX:RMI) EBIT : A$-2.03 Mil (TTM As of Dec. 2024)


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What is Resource Mining EBIT?

Resource Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-0.76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-2.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Resource Mining's annualized ROC % for the quarter that ended in Dec. 2024 was -15.64%. Resource Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -17.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Resource Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -57.71%.


Resource Mining EBIT Historical Data

The historical data trend for Resource Mining'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 Mining EBIT Chart

Resource Mining 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 -0.42 -0.32 3.27 -10.54 -3.13

Resource Mining Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -7.83 -2.71 -1.86 -1.27 -0.76

Competitive Comparison of Resource Mining's EBIT

For the Other Industrial Metals & Mining subindustry, Resource Mining'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 Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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


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Resource Mining 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.03 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.


Resource Mining  (ASX:RMI) EBIT Explanation

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

Resource Mining's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-1.452 * ( 1 - 0% )/( (8.676 + 9.891)/ 2 )
=-1.452/9.2835
=-15.64 %

where

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

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

Resource Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.526/( ( (8.589 + max(-0.256, 0)) + (9.287 + max(-1.139, 0)) )/ 2 )
=-1.526/( ( 8.589 + 9.287 )/ 2 )
=-1.526/8.938
=-17.07 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.048 + 0 + -2.7755575615629E-17) - (0.304 + 0 + 0)
=-0.256

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.021 + 0 + 0.02) - (1.18 + 0 + 2.2204460492503E-16)
=-1.139

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=-2.033/3.523
=-57.71 %

* 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.


Resource Mining EBIT Related Terms

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Resource Mining Business Description

Traded in Other Exchanges
N/A
Address
191 St. Georges Terrace, Level 5, Perth, WA, AUS, 6000
Resource Mining Corp Ltd is an independent Australian minerals company advancing a portfolio of prospective exploration projects focused on the definition of battery minerals in mining jurisdictions. The company holds interests in Finnish and Tanzanian projects such as the Mpanda and Mbozi Copper-Gold projects, the Liparamba, Mbinga Ni, Kola Lithium, and the Hirvikallio project. Its segments include Exploration activities in Tanzania, Exploration activities in Finland, and the Corporate activities segment which generates maximum revenue, in Australia.

Resource Mining Headlines

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