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Asiamet Resources (LSE:ARS) EBIT : £-3.71 Mil (TTM As of Jun. 2024)


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What is Asiamet Resources EBIT?

Asiamet Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-1.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-3.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asiamet Resources's annualized ROC % for the quarter that ended in Jun. 2024 was -1,277.48%. Asiamet Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -15,129.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asiamet Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -16.31%.


Asiamet Resources EBIT Historical Data

The historical data trend for Asiamet Resources'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.

Asiamet Resources EBIT Chart

Asiamet Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.08 -3.06 -4.55 -5.77 -4.13

Asiamet Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.28 -2.45 -2.35 -1.78 -1.93

Competitive Comparison of Asiamet Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Asiamet Resources'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.


Asiamet Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



Asiamet Resources 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 £-3.71 Mil.

* 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.


Asiamet Resources  (LSE:ARS) EBIT Explanation

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

Asiamet Resources'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 )
=-3.858 * ( 1 - 0% )/( (0.309 + 0.295)/ 2 )
=-3.858/0.302
=-1,277.48 %

where

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:

Asiamet Resources'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 )
=-3.858/( ( (0.024 + max(-0.246, 0)) + (0.027 + max(-0.378, 0)) )/ 2 )
=-3.858/( ( 0.024 + 0.027 )/ 2 )
=-3.858/0.0255
=-15,129.41 %

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)
=(0.103 + 0 + 0.098) - (0.213 + 0 + 0.234)
=-0.246

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.121) - (0.276 + 0 + 0.223)
=-0.378

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:

Asiamet Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-3.711/22.746
=-16.31 %

* 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.


Asiamet Resources EBIT Related Terms

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Asiamet Resources Business Description

Traded in Other Exchanges
Address
Jl. TB. Simatupang Kav.38, 7th Floor, Tower Block 1D, Gedung Graha Simatupang, Jakarta, IDN, 12540
Asiamet Resources Ltd is a dynamic junior company focused on the exploration and development of its portfolio of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra, adjacent to the key growth markets in Asia. The company's only segment is mineral exploration and development. Its project includes Beutong copper-gold, the KSK copper project, BKZ polymetallic project, and KSK prospects.

Asiamet Resources Headlines

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