GoldStone Resources (LSE:GRL) EBIT : £-2.36 Mil (TTM As of Jun. 2023)

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What is GoldStone Resources EBIT?

GoldStone Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-2.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-2.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GoldStone Resources's annualized ROC % for the quarter that ended in Jun. 2023 was -23.58%. GoldStone Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -30.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GoldStone Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -15.41%.

GoldStone Resources EBIT Historical Data

The historical data trend for GoldStone 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.

GoldStone Resources EBIT Chart

GoldStone Resources Annual Data

Trend

Feb13

Feb14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-0.80

-0.41

-0.43

-0.60

-0.13

GoldStone Resources Semi-Annual Data
	Aug13	Feb14	Aug14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-0.39	-0.19	-0.23	0.10	-2.46

Competitive Comparison of GoldStone Resources's EBIT

For the Gold subindustry, GoldStone 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.

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

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

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

GoldStone 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 £-2.36 Mil.

GoldStone Resources (LSE:GRL) EBIT Explanation

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

GoldStone 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 )
=	-4.918 * ( 1 - 0% )	/	( (20.478	+	21.24)	/ 2 )
=	-4.918	/	20.859
=	-23.58 %

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	))
=	17.295	-	2.04	-	( 0.093	-	max(0, 6.124	-	0.901	+	0.093	))
=	20.478

	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	))
=	16.374	-	3.075	-	( 0.21	-	max(0, 8.897	-	0.956	+	0.21	))
=	21.24

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:

GoldStone 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 )
=	-4.918	/	( ( (16.394 + max(-3.311, 0))	+	(15.418 + max(-3.343, 0)) )	/	2 )
=	-4.918	/	( ( 16.394	+	15.418 )	/	2 )
=	-4.918	/	15.906
=	-30.92 %

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)
=	(0.333	+	0.094	+	1.1102230246252E-16)	-	(2.04	+	0	+	1.698)
=	-3.311

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.614	+	0.132	+	0)	-	(3.075	+	0	+	1.014)
=	-3.343

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-2.357	/	15.294
	=	-15.41 %

GoldStone Resources EBIT Related Terms

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GoldStone Resources (LSE:GRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldStone Resources Ltd (LSE:GRL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 The Parade, 2nd Floor, International House, Saint Helier, JEY, JE2 3QQ

Website

https://www.goldstoneresources.com

GoldStone Resources Ltd is an exploration company. Its primary activity is the exploration and mining of gold and associated elements. The company projects include Akrokeri and Homase Licence. It has Exploration and Corporate segments.

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