Cora Gold (LSE:CORA) EBIT : £-0.48 Mil (TTM As of Jun. 2024)

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What is Cora Gold EBIT?

Cora Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-0.48 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cora Gold's annualized ROC % for the quarter that ended in Jun. 2024 was -3.81%. Cora Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -3.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cora Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1.81%.

Cora Gold EBIT Historical Data

The historical data trend for Cora 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.

Cora Gold EBIT Chart

Cora Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.59

-0.80

-1.00

-2.06

-1.83

Cora Gold Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial													-0.78	-1.28	-1.69	-0.15	-0.34

Competitive Comparison of Cora Gold's EBIT

For the Gold subindustry, Cora 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.

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

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

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

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Cora 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.48 Mil.

Cora Gold (LSE:CORA) EBIT Explanation

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

Cora Gold'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 )
=	-0.974 * ( 1 - 0% )	/	( (31.492	+	19.571)	/ 2 )
=	-0.974	/	25.5315
=	-3.81 %

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	))
=	32.209	-	0.07	-	( 13.312	-	max(0, 12.732	-	13.379	+	13.312	))
=	31.492

	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	))
=	21.041	-	0.045	-	( 1.632	-	max(0, 0.225	-	1.65	+	1.632	))
=	19.571

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:

Cora Gold'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 )
=	-0.676	/	( ( (18.83 + max(-0.201, 0))	+	(19.391 + max(-0.225, 0)) )	/	2 )
=	-0.676	/	( ( 18.83	+	19.391 )	/	2 )
=	-0.676	/	19.1105
=	-3.54 %

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	+	0	+	0)	-	(0.07	+	0	+	0.131)
=	-0.201

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.045	+	0	+	0.18)
=	-0.225

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.483	/	26.654
	=	-1.81 %

Cora Gold EBIT Related Terms

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Cora Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cora Gold Ltd (LSE:CORA) » Definitions » EBIT

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Traded in Other Exchanges

C0J:Germany

Address

Road Reef Marina, P.O. Box 3093, Rodus Building, Tortola, Road Town, VGB, VG1110

Website

https://www.coragold.com

Cora Gold Ltd engages in the exploration and development of mineral projects in West Africa. It operates principally in the UK and West Africa, with operations managed on a project by project basis. Activities in the UK are administrative in nature whilst the activities in West Africa relate to exploration and evaluation. The company is engaged in limited field activities relating to the exploration of gold. The company's flagship project is the Sanankoro Gold Project comprising five contiguous permits: Bokoro II, Bokoro Est, Dako II, Kodiou and Sanankoro II located in southwest Mali. The company's other projects include Yanfolila Gold Belt and Diangounte and Madina Fulbe projects.

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