Hamak Gold (LSE:HAMA) EBIT : £-0.59 Mil (TTM As of Jun. 2024)

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What is Hamak Gold EBIT?

Hamak Gold's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-0.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hamak Gold's annualized ROC % for the quarter that ended in Jun. 2024 was -30.28%. Hamak Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -52.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hamak Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -117.71%.

Hamak Gold EBIT Historical Data

The historical data trend for Hamak 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.

Hamak Gold EBIT Chart

Hamak Gold Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-2.56

-0.55

Hamak Gold Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	-1.21	-1.34	-0.21	-0.34	-0.24

Competitive Comparison of Hamak Gold's EBIT

For the Gold subindustry, Hamak 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.

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

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

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

Hamak 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 £-0.59 Mil.

Hamak Gold (LSE:HAMA) EBIT Explanation

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

Hamak 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 )
=	-0.482 * ( 1 - 0% )	/	( (1.563	+	1.621)	/ 2 )
=	-0.482	/	1.592
=	-30.28 %

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	))
=	1.584	-	0.36	-	( 0.002	-	max(0, 0.36	-	0.021	+	0.002	))
=	1.563

	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	))
=	1.71	-	0.371	-	( 0.05	-	max(0, 0.371	-	0.089	+	0.05	))
=	1.621

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:

Hamak 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 )
=	-0.482	/	( ( (0.881 + max(-0.361, 0))	+	(0.943 + max(-0.332, 0)) )	/	2 )
=	-0.482	/	( ( 0.881	+	0.943 )	/	2 )
=	-0.482	/	0.912
=	-52.85 %

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	+	-0.001)	-	(0.36	+	0	+	0)
=	-0.361

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.039	+	0	+	0)	-	(0.371	+	0	+	0)
=	-0.332

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.585	/	0.497
	=	-117.71 %

Hamak Gold EBIT Related Terms

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Hamak Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pasea Estate, P.O. Box 958, Road Town, Morgan & Morgan Building, Tortola, VGB, VG1110

Website

https://www.hamakgold.com

Hamak Gold Ltd is a mining exploration and development company operating in Liberia, with two gold Mineral Exploration Licences that cover an area of 1,752 sq. km. Liberia is considered prospective for gold and is a geologically similar jurisdiction to the neighboring gold-producing countries such as Guinea, Cote d'Ivoire, Mali, Senegal, Burkina Faso, and Ghana.

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