Vertex Minerals (ASX:VTX) EBIT : A$-0.92 Mil (TTM As of Dec. 2023)

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What is Vertex Minerals EBIT?

Vertex Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vertex Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -11.45%. Vertex Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vertex Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.64%.

Vertex Minerals EBIT Historical Data

The historical data trend for Vertex 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.

Vertex Minerals EBIT Chart

Vertex Minerals Annual Data

Trend

Jun22

Jun23

EBIT

-0.56

-0.97

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
EBIT	-	-0.50	-0.48	-0.45

Competitive Comparison of Vertex Minerals's EBIT

For the Gold subindustry, Vertex 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.

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

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

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

Vertex 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$-0.92 Mil.

Vertex Minerals (ASX:VTX) EBIT Explanation

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

Vertex 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 )
=	-0.896 * ( 1 - 0% )	/	( (7.084	+	8.563)	/ 2 )
=	-0.896	/	7.8235
=	-11.45 %

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	))
=	7.769	-	0.309	-	( 0.596	-	max(0, 0.309	-	0.685	+	0.596	))
=	7.084

	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	))
=	9.154	-	0.388	-	( 0.551	-	max(0, 0.45	-	0.653	+	0.551	))
=	8.563

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:

Vertex 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 )
=	-0.896	/	( ( (7.085 + max(-0.22, 0))	+	(8.501 + max(-0.286, 0)) )	/	2 )
=	-0.896	/	( ( 7.085	+	8.501 )	/	2 )
=	-0.896	/	7.793
=	-11.50 %

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)
=	(0.042	+	0	+	0.047)	-	(0.309	+	0	+	0)
=	-0.22

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.071	+	0	+	0.031)	-	(0.388	+	0	+	0)
=	-0.286

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.923	/	9.571
	=	-9.64 %

Vertex Minerals EBIT Related Terms

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Vertex Minerals (ASX:VTX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VTXXF:USA

Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

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