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Ronin Resources (ASX:RON) EBIT : A$-0.40 Mil (TTM As of Dec. 2024)


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What is Ronin Resources EBIT?

Ronin Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-0.40 Mil.

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

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ronin Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -13.42%.

Ronin Resources EBIT Historical Data

The historical data trend for Ronin Resources'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.

Ronin Resources EBIT Chart

Ronin Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24
EBIT
- -0.51 -0.66 -1.25

Ronin Resources Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
EBIT Get a 7-Day Free Trial -0.34 -0.32 -1.08 -0.17 -0.24

Competitive Comparison of Ronin Resources's EBIT

For the Other Precious Metals & Mining subindustry, Ronin Resources'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.

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

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

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


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Ronin Resources 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$-0.40 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.

Ronin Resources  (ASX:RON) EBIT Explanation

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

Ronin Resources'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 )
=-0.47 * ( 1 - 0% )/( (0 + 0)/ 2 )
=-0.47/0
= %

where

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))
=3.206 - 0.035 - ( 3.172 - max(0, 0.035 - 3.206+3.172))
=0

Invested Capital(Q: Dec. 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))
=3.474 - 0.063 - ( 3.457 - max(0, 0.063 - 3.474+3.457))
=0

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:

Ronin Resources'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 )
=-0.47/( ( (0 + max(-0.001, 0)) + (0 + max(-0.046, 0)) )/ 2 )
=-0.47/( ( 0 + 0 )/ 2 )
=-0.47/0
= %

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)
=(0.034 + 0 + 0) - (0.035 + 0 + 0)
=-0.001

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.017 + 0 + 4.4408920985006E-16) - (0.063 + 0 + 0)
=-0.046

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=-0.403/3.003
=-13.42 %

* 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.

Ronin Resources EBIT Related Terms

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Ronin Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ronin Resources Ltd (ASX:RON) » Definitions » EBIT
Comparable Companies
ASX:TAR ASX:LYN ASX:FME ASX:MHM ASX:GIB ASX:THB ASX:T88 ASX:SMX ASX:PRS ASX:GRL ISX:AMMN JSE:AMS LSE:FRES SZSE:000975 JSE:IMP LIM:BUENAVC1 TSX:TFPM HL ISX:MBMA JSE:SSW
Traded in Other Exchanges
N/A
Address
459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000
Website
https://www.roninresources.com.au
Ronin Resources Ltd is an exploration project in Colombia. Its Vetas Project is a thermal coal project. The Santa Rosa Project is an earlier stage gold and copper project located in a prolific artisan mining district.

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