China Nonferrous Gold (FRA:KRB) EBIT : €-248.15 Mil (TTM As of Jun. 2023)

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What is China Nonferrous Gold EBIT?

China Nonferrous Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €3.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-248.15 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Nonferrous Gold's annualized ROC % for the quarter that ended in Jun. 2023 was 2.67%. China Nonferrous Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 12.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Nonferrous Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -69.08%.

China Nonferrous Gold EBIT Historical Data

The historical data trend for China Nonferrous 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.

* Premium members only.

China Nonferrous Gold EBIT Chart

China Nonferrous Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-3.78

-0.61

8.60

9.37

-247.10

China Nonferrous Gold Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															4.03	5.08	4.65	-251.74	3.58

Competitive Comparison of China Nonferrous Gold's EBIT

For the Gold subindustry, China Nonferrous 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.

China Nonferrous Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

China Nonferrous 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-248.15 Mil.

China Nonferrous Gold (FRA:KRB) EBIT Explanation

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

China Nonferrous Gold's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	7.13 * ( 1 - -55.94% )	/	( (419.554	+	413.953)	/ 2 )
=	11.118522	/	416.7535
=	2.67 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	83.866	-	17.946	-	( 4.29	-	max(0, 376.07	-	22.436	+	4.29	))
=	419.554

	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	))
=	80.199	-	21.54	-	( 3.348	-	max(0, 378.703	-	23.409	+	3.348	))
=	413.953

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

China Nonferrous Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	7.168	/	( ( (61.429 + max(-1.02, 0))	+	(56.789 + max(-1.4789999999999, 0)) )	/	2 )
=	7.168	/	( ( 61.429	+	56.789 )	/	2 )
=	7.168	/	59.109
=	12.13 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	15.773	+	1.154)	-	(17.946	+	0	+	0.00099999999997635)
=	-1.02

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.775	+	15.287	+	-0.0010000000000012)	-	(21.54	+	0	+	-5.6843418860808E-14)
=	-1.4789999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-248.151	/	359.232
	=	-69.08 %

China Nonferrous Gold EBIT Related Terms

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China Nonferrous Gold (FRA:KRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Gold Ltd (FRA:KRB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CFEGF:USA CNG.GB:UK CNG:UK

Address

One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005

Website

https://www.cnfgold.com

China Nonferrous Gold Ltd is a mineral exploration and development company. The company's geographical segment includes United Kingdom, China, and Tajikistan. It derives a majority of its revenue from Tajikistan. The company projects include the Pakrut Gold Project and Pakrut Licence Area.

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