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Verity Resources (ASX:VRL) EBIT : A$-2.24 Mil (TTM As of Dec. 2024)


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What is Verity Resources EBIT?

Verity Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$-0.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$-2.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Verity Resources's annualized ROC % for the quarter that ended in Dec. 2024 was -104.76%. Verity Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -113.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Verity Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -92.96%.


Verity Resources EBIT Historical Data

The historical data trend for Verity 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.

Verity Resources EBIT Chart

Verity Resources 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 -0.71 -2.89 -2.83 -2.00 -4.48

Verity Resources 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 -1.05 -0.94 -3.03 -1.45 -0.80

Competitive Comparison of Verity Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Verity 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.


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

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

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


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Verity 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$-2.24 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.


Verity Resources  (ASX:VRL) EBIT Explanation

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

Verity 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 )
=-1.596 * ( 1 - 0% )/( (1.433 + 1.614)/ 2 )
=-1.596/1.5235
=-104.76 %

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:

Verity 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 )
=-1.596/( ( (1.409 + max(-0.219, 0)) + (1.411 + max(-0.528, 0)) )/ 2 )
=-1.596/( ( 1.409 + 1.411 )/ 2 )
=-1.596/1.41
=-113.19 %

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)
=(0.071 + 0 + 0) - (0.266 + 0 + 0.024)
=-0.219

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.039 + 0 + 5.5511151231258E-17) - (0.364 + 0 + 0.203)
=-0.528

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=-2.244/2.414
=-92.96 %

* 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.


Verity Resources EBIT Related Terms

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Verity Resources Business Description

Traded in Other Exchanges
N/A
Address
168 Stirling Highway, Nedlands, Perth, WA, AUS, 6009
Verity Resources Ltd is a mineral exploration company. It focuses on the exploration development of the Monument Gold project located near Laverton in Western Australia. It also holds a supply of metals portfolio that includes rare earth elements, lithium, gold, base and precious metals in Brazil, including licenses in the Lithium Valley and Pocos de Caldas in the state of Minas Gerais, known as prolific lithium and rare earth elements districts respectively. Also holds a base and precious metals project in the Limpopo Mobile Belt in Botswana.

Verity Resources Headlines

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