First Class Metals (LSE:FCM) EBIT : £-1.31 Mil (TTM As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is First Class Metals EBIT?

First Class Metals's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-1.31 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Class Metals's annualized ROC % for the quarter that ended in Jun. 2024 was -26.90%. First Class Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -31.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Class Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -66.28%.

First Class Metals EBIT Historical Data

The historical data trend for First Class Metals'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 Class Metals EBIT Chart

First Class Metals Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.69

-1.46

First Class Metals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	-0.16	-0.53	-0.69	-0.76	-0.54

Competitive Comparison of First Class Metals's EBIT

For the Other Industrial Metals & Mining subindustry, First Class Metals'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 Class Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Save Embed

;

Save Embed

;

First Class Metals 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 £-1.31 Mil.

First Class Metals (LSE:FCM) EBIT Explanation

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

First Class Metals'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 )
=	-1.082 * ( 1 - 0% )	/	( (3.898	+	4.146)	/ 2 )
=	-1.082	/	4.022
=	-26.90 %

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	))
=	3.783	-	0.141	-	( 0.141	-	max(0, 0.687	-	0.431	+	0.141	))
=	3.898

	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	))
=	3.586	-	0.338	-	( 0.083	-	max(0, 1.056	-	0.158	+	0.083	))
=	4.146

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:

First Class Metals'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 )
=	-1.082	/	( ( (3.352 + max(-0.495, 0))	+	(3.428 + max(-0.819, 0)) )	/	2 )
=	-1.082	/	( ( 3.352	+	3.428 )	/	2 )
=	-1.082	/	3.39
=	-31.92 %

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	+	0.032)	-	(0.141	+	0	+	0.386)
=	-0.495

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.002)	-	(0.338	+	0	+	0.483)
=	-0.819

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-1.305	/	1.969
	=	-66.28 %

First Class Metals EBIT Related Terms

Thank you for viewing the detailed overview of First Class Metals's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

First Class Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Class Metals PLC (LSE:FCM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salesbury Hall Road, Suite 24, Manor Court, Manor Court Offices, Ribchester, Preston, GBR, PR3 3XR

Website

https://www.firstclassmetalsplc.com

First Class Metals PLC is a minerals exploration company. It is focused on providing and developing the potential of flagship property North Hemlo which includes the Pickle Lake Palladium One JV area as well as systematic exploration of the Esa, Sugar Cube, McKellar, Magical, Enable and Coco East projects, in the Hemlo - Harte gold mines region in the Western portion of the Wawa-Abitibi Gold Belt of Ontario, Canada.

First Class Metals Headlines

No Headlines