Gem Resources (LSE:GEMR) EBIT : £-1.31 Mil (TTM As of Jun. 2024)

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What is Gem Resources EBIT?

Gem Resources'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. Gem Resources's annualized ROC % for the quarter that ended in Jun. 2024 was -56.45%. Gem Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -467.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gem Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -208.41%.

Gem Resources EBIT Historical Data

The historical data trend for Gem 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.

Gem Resources EBIT Chart

Gem Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Dec23

EBIT

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-0.37

-0.41

-0.29

-1.06

-1.17

Gem Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Jun19	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-0.31	-0.76	-0.39	-0.78	-0.54

Competitive Comparison of Gem Resources's EBIT

For the Other Precious Metals & Mining subindustry, Gem 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.

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

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

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

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Gem 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 £-1.31 Mil.

Gem Resources (LSE:GEMR) EBIT Explanation

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

Gem 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 )
=	-1.07 * ( 1 - 0% )	/	( (1.892	+	1.899)	/ 2 )
=	-1.07	/	1.8955
=	-56.45 %

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	))
=	2.601	-	0.23	-	( 0.674	-	max(0, 0.354	-	0.833	+	0.674	))
=	1.892

	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	))
=	2.64	-	0.404	-	( 0.716	-	max(0, 0.513	-	0.85	+	0.716	))
=	1.899

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:

Gem 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 )
=	-1.07	/	( ( (0.218 + max(-0.286, 0))	+	(0.24 + max(-0.425, 0)) )	/	2 )
=	-1.07	/	( ( 0.218	+	0.24 )	/	2 )
=	-1.07	/	0.229
=	-467.25 %

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	+	0.059)	-	(0.23	+	0	+	0.115)
=	-0.286

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.01	+	0.069)	-	(0.404	+	0	+	0.1)
=	-0.425

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-1.313	/	0.630
	=	-208.41 %

Gem Resources EBIT Related Terms

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Gem Resources Business Description

Industry

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

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Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.gemresources.co.uk

Gem Resources PLC is an emerald producer, focusing on the Gravelotte Emerald Mine (GEM). The company recently acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.

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