Sky Metals (ASX:SKY) EBIT : A$-2.09 Mil (TTM As of Dec. 2023)

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What is Sky Metals EBIT?

Sky Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sky Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -15.39%. Sky Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sky Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.46%.

Sky Metals EBIT Historical Data

The historical data trend for Sky Metals'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.

Sky Metals EBIT Chart

Sky Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Jun24

EBIT

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-1.15

-2.47

-2.33

-9.63

-2.09

Sky Metals 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															-1.22	-0.71	-8.92	-0.93	-1.16

Competitive Comparison of Sky Metals's EBIT

For the Gold subindustry, Sky Metals'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.

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

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

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

Sky Metals 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$-2.09 Mil.

Sky Metals (ASX:SKY) EBIT Explanation

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

Sky Metals'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 )
=	-1.946 * ( 1 - 0% )	/	( (11.792	+	13.503)	/ 2 )
=	-1.946	/	12.6475
=	-15.39 %

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	))
=	15.515	-	0.528	-	( 3.835	-	max(0, 0.665	-	3.86	+	3.835	))
=	11.792

	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	))
=	14.493	-	0.217	-	( 1.121	-	max(0, 0.359	-	1.132	+	1.121	))
=	13.503

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:

Sky Metals'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 )
=	-1.86	/	( ( (11.359 + max(-0.599, 0))	+	(13.36 + max(-0.288, 0)) )	/	2 )
=	-1.86	/	( ( 11.359	+	13.36 )	/	2 )
=	-1.86	/	12.3595
=	-15.05 %

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	+	0.00099999999999989)	-	(0.528	+	0	+	0.072)
=	-0.599

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.012	+	0	+	-0.0010000000000001)	-	(0.217	+	0	+	0.082)
=	-0.288

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:

Sky Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.091	/	32.369
	=	-6.46 %

Sky Metals EBIT Related Terms

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Sky Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sky Metals Ltd (ASX:SKY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Hawthorn Place, P.O. Box 8620, Orange, NSW, AUS, 2800

Website

https://www.skymetals.com.au

Sky Metals Ltd is engaged in identifying and evaluating mineral exploration for tin, copper, and gold in New South Wales. The group operates in a single segment is the exploration. The company's projects include the Tallebung Project, Caledonian Project, Iron Duke Copper-Gold Project, Tirrana Project, New England Project, Galwadgere copper-gold Deposit, Doradilla Project, Kangiara Project, and Cullarin Project.