Landore Resources (LSE:LND) EBIT : £-2.46 Mil (TTM As of Jun. 2024)

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What is Landore Resources EBIT?

Landore Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-2.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Landore Resources's annualized ROC % for the quarter that ended in Jun. 2024 was -835.43%. Landore Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -3,657.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Landore Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -21.49%.

Landore Resources EBIT Historical Data

The historical data trend for Landore 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.

Landore Resources EBIT Chart

Landore Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.15

-2.71

-4.53

-3.74

-2.77

Landore Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-1.22	-2.52	-1.21	-1.56	-0.90

Competitive Comparison of Landore Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Landore 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.

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

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

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

Landore 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 £-2.46 Mil.

Landore Resources (LSE:LND) EBIT Explanation

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

Landore 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 )
=	-1.792 * ( 1 - 0% )	/	( (0.384	+	0.045)	/ 2 )
=	-1.792	/	0.2145
=	-835.43 %

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	))
=	1.003	-	0.878	-	( 0.565	-	max(0, 0.878	-	0.619	+	0.565	))
=	0.384

	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	))
=	2.279	-	0.792	-	( 2.161	-	max(0, 0.792	-	2.234	+	2.161	))
=	0.045

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:

Landore 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 )
=	-1.792	/	( ( (0.053 + max(-0.824, 0))	+	(0.045 + max(-0.719, 0)) )	/	2 )
=	-1.792	/	( ( 0.053	+	0.045 )	/	2 )
=	-1.792	/	0.049
=	-3,657.14 %

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)
=	(0.054	+	0	+	0)	-	(0.878	+	0	+	0)
=	-0.824

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.073	+	0	+	0)	-	(0.792	+	0	+	0)
=	-0.719

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-2.46	/	11.447
	=	-21.49 %

Landore Resources EBIT Related Terms

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Landore Resources Business Description

Industry

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

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Traded in Other Exchanges

LNDLF:USA

Address

La Tonnelle House, P.O. Box 141, Les Banques, Saint Sampson, GGY, GY1 3HS

Website

https://www.landore.com

Landore Resources Ltd is engaged in the exploration and development of a portfolio of precious and base metal properties in North America. The project portfolio of the group includes Junior Lake, Miminiska Lake, Frond Lake, Wottam, Lessard, and others, including Swole Lake and West Graham. Its only operating segment is mineral exploration.