Sierra Nevada Gold (ASX:SNX) EBIT : A$-1.69 Mil (TTM As of Jun. 2024)

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What is Sierra Nevada Gold EBIT?

Sierra Nevada Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-0.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-1.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sierra Nevada Gold's annualized ROC % for the quarter that ended in Jun. 2024 was -5.75%. Sierra Nevada Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -5.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sierra Nevada Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -99.35%.

Sierra Nevada Gold EBIT Historical Data

The historical data trend for Sierra Nevada Gold'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.

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Sierra Nevada Gold EBIT Chart

Sierra Nevada Gold Annual Data

Trend

Dec22

Dec23

EBIT

-3.38

-2.26

Sierra Nevada Gold Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			-1.94	-1.36	-1.22	-1.04	-0.65

Competitive Comparison of Sierra Nevada Gold's EBIT

For the Gold subindustry, Sierra Nevada Gold'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.

Sierra Nevada Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sierra Nevada Gold's EV-to-EBIT falls into.

Sierra Nevada Gold 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.69 Mil.

Sierra Nevada Gold (ASX:SNX) EBIT Explanation

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

Sierra Nevada Gold's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-1.308 * ( 1 - 0% )	/	( (22.498	+	23.036)	/ 2 )
=	-1.308	/	22.767
=	-5.75 %

where

	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	))
=	23.737	-	0.644	-	( 1.343	-	max(0, 0.826	-	1.421	+	1.343	))
=	22.498

	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	))
=	24.14	-	0.509	-	( 1.271	-	max(0, 0.724	-	1.319	+	1.271	))
=	23.036

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Sierra Nevada Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.308	/	( ( (22.201 + max(-0.69, 0))	+	(22.704 + max(-0.611, 0)) )	/	2 )
=	-1.308	/	( ( 22.201	+	22.704 )	/	2 )
=	-1.308	/	22.4525
=	-5.83 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.078)	-	(0.644	+	0	+	0.124)
=	-0.69

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.048)	-	(0.509	+	0	+	0.15)
=	-0.611

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Sierra Nevada Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-1.689	/	1.700
	=	-99.35 %

Sierra Nevada Gold EBIT Related Terms

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