Bezant Resources (LSE:BZT) EBIT : £-0.81 Mil (TTM As of Jun. 2023)

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What is Bezant Resources EBIT?

Bezant Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-0.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-0.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bezant Resources's annualized ROC % for the quarter that ended in Jun. 2023 was -8.23%. Bezant Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -11.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bezant Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -27.86%.

Bezant Resources EBIT Historical Data

The historical data trend for Bezant 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.

Bezant Resources EBIT Chart

Bezant Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-0.66

-0.92

-1.04

-0.95

-0.70

Bezant Resources 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															-0.51	-0.44	-0.35	-0.35	-0.46

Competitive Comparison of Bezant Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Bezant 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.

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

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

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

Bezant 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.81 Mil.

Bezant Resources (LSE:BZT) EBIT Explanation

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

Bezant Resources'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 )
=	-0.926 * ( 1 - 0% )	/	( (11.37	+	11.132)	/ 2 )
=	-0.926	/	11.251
=	-8.23 %

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	))
=	10.793	-	0.376	-	( 0.057	-	max(0, 1.086	-	0.133	+	0.057	))
=	11.37

	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	))
=	11.118	-	0.22	-	( 0.365	-	max(0, 0.655	-	0.421	+	0.365	))
=	11.132

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:

Bezant Resources'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 )
=	-0.926	/	( ( (8.4 + max(-0.416, 0))	+	(8.437 + max(-0.164, 0)) )	/	2 )
=	-0.926	/	( ( 8.4	+	8.437 )	/	2 )
=	-0.926	/	8.4185
=	-11.00 %

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	+	0	+	0.047)	-	(0.376	+	0	+	0.087)
=	-0.416

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.056	+	0	+	0)	-	(0.22	+	0	+	0)
=	-0.164

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.812	/	2.915
	=	-27.86 %

Bezant Resources EBIT Related Terms

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Bezant Resources (LSE:BZT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bezant Resources PLC (LSE:BZT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BZT.GB:UK BN5:Germany BN5:Germany

Address

4 Thomas More Square, Floor 6, Quadrant House, London, GBR, E1W 1YW

Website

https://www.bezantresources.com

Bezant Resources PLC is a United Kingdom-based exploration company that is engaged in the exploration, evaluation, beneficiation and development of mineral resources. The company's exploration projects include the Kalengwa copper-silver project in Zambia; Hope Copper-Gold Project; Kanye Manganese Project in Botswana; Mankayan Project in the Philippines and the Eureka Project in northern Argentina. The operations of the Group are focused in geographical segments, namely the UK, Argentina, Namibia, and Botswana, and comprise one class of business: the exploration, evaluation and development of mineral resources. The UK is used for the administration of the Group and includes equity investments in non-group companies .

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