Trinex Minerals (ASX:TX3) EBIT : A$-3.67 Mil (TTM As of Dec. 2023)

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What is Trinex Minerals EBIT?

Trinex Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trinex Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -41.63%. Trinex Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -42.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trinex Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -155.11%.

Trinex Minerals EBIT Historical Data

The historical data trend for Trinex 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.

Trinex Minerals EBIT Chart

Trinex Minerals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

-2.07

-5.08

-5.76

-4.33

-3.07

Trinex Minerals Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial									-2.17	-2.16	-1.49	-1.58	-2.09

Competitive Comparison of Trinex Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, Trinex 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.

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

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

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

Trinex 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$-3.67 Mil.

Trinex Minerals (ASX:TX3) EBIT Explanation

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

Trinex 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 )
=	-4.278 * ( 1 - 0% )	/	( (6.65	+	13.902)	/ 2 )
=	-4.278	/	10.276
=	-41.63 %

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	))
=	9.329	-	0.268	-	( 2.666	-	max(0, 0.525	-	2.936	+	2.666	))
=	6.65

	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	))
=	17.333	-	0.276	-	( 3.313	-	max(0, 0.563	-	3.718	+	3.313	))
=	13.902

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:

Trinex 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 )
=	-4.184	/	( ( (6.098 + max(-0.197, 0))	+	(13.419 + max(-0.078, 0)) )	/	2 )
=	-4.184	/	( ( 6.098	+	13.419 )	/	2 )
=	-4.184	/	9.7585
=	-42.88 %

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	+	0.252)	-	(0.268	+	0	+	0.181)
=	-0.197

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.027	+	0	+	0.378)	-	(0.276	+	0	+	0.207)
=	-0.078

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.67	/	2.366
	=	-155.11 %

Trinex Minerals EBIT Related Terms

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Trinex Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trinex Minerals Ltd (ASX:TX3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

128 Churchill Ave, Subiaco, Perth, WA, AUS, 6008

Website

https://www.trrltd.com.au

Trinex Minerals Ltd is an Australian-based resources company exploring for critical minerals, which are essential for the future transition towards clean energy. The company holds several lithium focused projects in Canada, a base metals resource at its Mt Hardy Project in the Northern Territory, several exciting projects in Western Australia and South Australia.

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