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Solis Minerals (ASX:SLM) EBIT : A$-2.47 Mil (TTM As of Aug. 2024)


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What is Solis Minerals EBIT?

Solis Minerals's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2024 was A$-0.68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was A$-2.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Solis Minerals's annualized ROC % for the quarter that ended in Aug. 2024 was -33.03%. Solis Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -33.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Solis Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -54.53%.


Solis Minerals EBIT Historical Data

The historical data trend for Solis Minerals'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.

Solis Minerals EBIT Chart

Solis Minerals Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.93 -0.51 -0.18 -2.35 -1.80

Solis Minerals Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 Aug24
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 -0.38 -1.15 -0.67 -1.13 -0.68

Competitive Comparison of Solis Minerals's EBIT

For the Copper subindustry, Solis Minerals'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.


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

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

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



Solis Minerals 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was A$-2.47 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.


Solis Minerals  (ASX:SLM) EBIT Explanation

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

Solis Minerals's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=-2.724 * ( 1 - 0% )/( (8.416 + 8.076)/ 2 )
=-2.724/8.246
=-33.03 %

where

Note: The Operating Income data used here is four times the quarterly (Aug. 2024) data.

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

Solis Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.724/( ( (8.374 + max(-0.281, 0)) + (7.991 + max(-0.219, 0)) )/ 2 )
=-2.724/( ( 8.374 + 7.991 )/ 2 )
=-2.724/8.1825
=-33.29 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.037 + 0 + 0.354) - (0.672 + 0 + -1.1102230246252E-16)
=-0.281

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.073 + 0 + 0.137) - (0.429 + 0 + 0)
=-0.219

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

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

Solis Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2024 )
=-2.474/4.537
=-54.53 %

* 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.


Solis Minerals EBIT Related Terms

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Solis Minerals Business Description

Traded in Other Exchanges
Address
Unit 3, 32 Harrogate Street, West Leederville, Perth, WA, AUS, 6017
Solis Minerals Ltd is a resource exploration company engaged in the acquisition, exploration, and development of mineral resource properties. The Company operates in a single reportable operating segment being the exploration and development of mineral properties. The company is focused on the acquisition of the Mostazal copper project located in Chile. It also holds an interest in Ilo Este and Ilo Norte Project in Peru.