Keras Resources (LSE:KRS) EBIT : £-0.52 Mil (TTM As of Jun. 2024)

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What is Keras Resources EBIT?

Keras Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-0.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Keras Resources's annualized ROC % for the quarter that ended in Jun. 2024 was -14.42%. Keras Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -15.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Keras Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -20.08%.

Keras Resources EBIT Historical Data

The historical data trend for Keras 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.

Keras Resources EBIT Chart

Keras Resources Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec22

Dec23

EBIT

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-0.41

-0.47

-1.24

-0.68

-0.31

Keras Resources Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-0.44	-0.24	-0.15	-0.16	-0.36

Competitive Comparison of Keras Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Keras 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.

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

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

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

Keras 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 £-0.52 Mil.

Keras Resources (LSE:KRS) EBIT Explanation

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

Keras 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 )
=	-0.712 * ( 1 - 0% )	/	( (4.519	+	5.356)	/ 2 )
=	-0.712	/	4.9375
=	-14.42 %

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	))
=	4.727	-	0.244	-	( 0.185	-	max(0, 1.013	-	0.977	+	0.185	))
=	4.519

	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	))
=	6.514	-	0.672	-	( 1.168	-	max(0, 1.327	-	1.813	+	1.168	))
=	5.356

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:

Keras 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 )
=	-0.712	/	( ( (3.75 + max(0.301, 0))	+	(4.99 + max(-0.778, 0)) )	/	2 )
=	-0.712	/	( ( 4.051	+	4.99 )	/	2 )
=	-0.712	/	4.5205
=	-15.75 %

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)
=	(0.091	+	0.621	+	0.009)	-	(0.244	+	0	+	0.176)
=	0.301

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.07	+	0.468	+	0.011)	-	(0.672	+	0	+	0.655)
=	-0.778

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.52	/	2.590
	=	-20.08 %

Keras Resources EBIT Related Terms

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Keras Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KRS.GB:UK

Address

Downside Bridge Road, Coveham House, Cobham, Surrey, GBR, KT11 3EP

Website

https://www.kerasplc.com

Keras Resources PLC is engaged in exploration and mining. The company is principally engaged in the business of manganese and cobalt exploration and development in West Africa. The company's main projects are the Nayega manganese project, the Diamond Creek Phosphate mine, and the Carbon Market. The operation produces a variety of organic phosphate products directly for the United States fertilizer market. The operating segments of the company are Maganese, Phosphate, and others. The company derives a majority of its revenue from the United States.

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