SMI - Ste Metallurgique d'Imiter (CAS:SMI) EBIT : MAD337 Mil (TTM As of Jun. 2024)

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What is SMI - Ste Metallurgique d'Imiter EBIT?

SMI - Ste Metallurgique d'Imiter's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was MAD164 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was MAD337 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SMI - Ste Metallurgique d'Imiter's annualized ROC % for the quarter that ended in Jun. 2024 was 11.98%. SMI - Ste Metallurgique d'Imiter's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 46.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SMI - Ste Metallurgique d'Imiter's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.28%.

SMI - Ste Metallurgique d'Imiter EBIT Historical Data

The historical data trend for SMI - Ste Metallurgique d'Imiter'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.

SMI - Ste Metallurgique d'Imiter EBIT Chart

SMI - Ste Metallurgique d'Imiter Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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104.06

112.80

-56.02

45.61

225.30

SMI - Ste Metallurgique d'Imiter Semi-Annual Data
	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															35.08	10.53	52.55	172.75	164.18

Competitive Comparison of SMI - Ste Metallurgique d'Imiter's EBIT

For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter'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.

SMI - Ste Metallurgique d'Imiter's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SMI - Ste Metallurgique d'Imiter's EV-to-EBIT falls into.

SMI - Ste Metallurgique d'Imiter 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 MAD337 Mil.

SMI - Ste Metallurgique d'Imiter (CAS:SMI) EBIT Explanation

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

SMI - Ste Metallurgique d'Imiter'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 )
=	238.484 * ( 1 - 28.39% )	/	( (1411.222	+	1438.705)	/ 2 )
=	170.7783924	/	1424.9635
=	11.98 %

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	))
=	1688.11	-	229.321	-	( 47.567	-	max(0, 246.952	-	984.55	+	47.567	))
=	1411.222

	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	))
=	1833.297	-	382.82	-	( 11.772	-	max(0, 397.506	-	1146.987	+	11.772	))
=	1438.705

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:

SMI - Ste Metallurgique d'Imiter'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 )
=	328.356	/	( ( (555.586 + max(191.775, 0))	+	(532.46 + max(141.707, 0)) )	/	2 )
=	328.356	/	( ( 747.361	+	674.167 )	/	2 )
=	328.356	/	710.764
=	46.20 %

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)
=	(271.323	+	162.333	+	5.071)	-	(229.321	+	0	+	17.631)
=	191.775

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(363.918	+	173.715	+	1.5800000000002)	-	(382.82	+	0	+	14.686)
=	141.707

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:

SMI - Ste Metallurgique d'Imiter's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	336.928	/	4070.308
	=	8.28 %

SMI - Ste Metallurgique d'Imiter EBIT Related Terms

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SMI - Ste Metallurgique d'Imiter Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SMI - Ste Metallurgique d'Imiter (CAS:SMI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR

Website

http://www.managemgroup.com

SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.