First Tin (LSE:1SN) EBIT : £-2.26 Mil (TTM As of Dec. 2023)

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What is First Tin EBIT?

First Tin's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-0.84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-2.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Tin's annualized ROC % for the quarter that ended in Dec. 2023 was -5.19%. First Tin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Tin's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -19.50%.

First Tin EBIT Historical Data

The historical data trend for First Tin'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.

First Tin EBIT Chart

First Tin Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.18

-0.48

-1.16

-3.24

-2.26

First Tin Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial					-0.79	-2.11	-1.13	-1.41	-0.84

Competitive Comparison of First Tin's EBIT

For the Other Industrial Metals & Mining subindustry, First Tin'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.

First Tin's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

First Tin 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 £-2.26 Mil.

First Tin (LSE:1SN) EBIT Explanation

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

First Tin'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 )
=	-1.786 * ( 1 - 0% )	/	( (32.713	+	36.054)	/ 2 )
=	-1.786	/	34.3835
=	-5.19 %

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	))
=	40.881	-	1.112	-	( 8	-	max(0, 1.373	-	8.429	+	8	))
=	32.713

	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	))
=	40.495	-	1.033	-	( 4.657	-	max(0, 1.528	-	4.936	+	4.657	))
=	36.054

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:

First Tin'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 )
=	-1.684	/	( ( (32.452 + max(-1.247, 0))	+	(35.559 + max(-1.398, 0)) )	/	2 )
=	-1.684	/	( ( 32.452	+	35.559 )	/	2 )
=	-1.684	/	34.0055
=	-4.95 %

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	+	0.126)	-	(1.112	+	0	+	0.261)
=	-1.247

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.13)	-	(1.033	+	0	+	0.495)
=	-1.398

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:

First Tin's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.256	/	11.570
	=	-19.50 %

First Tin EBIT Related Terms

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First Tin (LSE:1SN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Tin PLC (LSE:1SN) » Definitions » EBIT

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Traded in Other Exchanges

1SN:Germany

Address

47-48 Piccadilly, First Floor, London, GBR, W1J 0DT

Website

https://www.firsttin.com

First Tin PLC is engaged in developing advanced hard rock tin projects in Germany & Australia with an ambition to follow these streams of the critical mineral into the electric vehicle, renewable energy, and semiconductor supply chain. The company's projects include Tellerhauser Project, Taronga Project, Gottesberg Project, and Auersberg Project.

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