Star Minerals (ASX:SMS) EBIT : A$-1.35 Mil (TTM As of Dec. 2023)

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What is Star Minerals EBIT?

Star Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Star Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -16.49%. Star Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Star Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -83.32%.

Star Minerals EBIT Historical Data

The historical data trend for Star 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.

Star Minerals EBIT Chart

Star Minerals Annual Data

Trend

Jun22

Jun23

EBIT

-0.80

-1.38

Star Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-0.43	-0.36	-0.51	-0.87	-0.48

Competitive Comparison of Star Minerals's EBIT

For the Gold subindustry, Star 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.

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

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

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

Star 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.35 Mil.

Star Minerals (ASX:SMS) EBIT Explanation

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

Star Minerals'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 )
=	-0.964 * ( 1 - 0% )	/	( (5.642	+	6.048)	/ 2 )
=	-0.964	/	5.845
=	-16.49 %

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	))
=	6.41	-	0.115	-	( 0.784	-	max(0, 0.215	-	0.868	+	0.784	))
=	5.642

	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	))
=	6.731	-	0.1	-	( 0.583	-	max(0, 0.104	-	0.693	+	0.583	))
=	6.048

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:

Star Minerals'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 )
=	-0.964	/	( ( (5.543 + max(-0.157, 0))	+	(6.038 + max(0.006, 0)) )	/	2 )
=	-0.964	/	( ( 5.543	+	6.044 )	/	2 )
=	-0.964	/	5.7935
=	-16.64 %

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)
=	(0.044	+	0	+	0.014)	-	(0.115	+	0	+	0.1)
=	-0.157

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.077	+	0	+	0.033)	-	(0.1	+	0	+	0.004)
=	0.006

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.349	/	1.619
	=	-83.32 %

Star Minerals EBIT Related Terms

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Star Minerals (ASX:SMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Minerals Ltd (ASX:SMS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.starminerals.com.au

Star Minerals Ltd is a Western Australia-focused gold explorer, with a development-ready project and extensive landholdings. It carries on the business of mineral exploration, focused on the exploration and evaluation of the Tumblegum South Project and the West Bryah Project.

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