Sovereign Metals (LSE:SVML) EBIT : £-10.87 Mil (TTM As of Dec. 2023)

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What is Sovereign Metals EBIT?

Sovereign Metals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-4.06 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-10.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sovereign Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -267.10%. Sovereign Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -273.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sovereign Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.95%.

Sovereign Metals EBIT Historical Data

The historical data trend for Sovereign Metals'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.

Sovereign Metals EBIT Chart

Sovereign Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-1.77

-3.06

-7.87

-8.38

-10.82

Sovereign Metals 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															-3.44	-4.69	-3.88	-4.06	-6.80

Competitive Comparison of Sovereign Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Sovereign Metals'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.

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

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

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

Sovereign Metals 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-10.87 Mil.

Sovereign Metals (LSE:SVML) EBIT Explanation

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

Sovereign Metals's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-8.128 * ( 1 - 0% )	/	( (3.068	+	3.018)	/ 2 )
=	-8.128	/	3.043
=	-267.10 %

where

	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	))
=	6.32	-	1.097	-	( 2.958	-	max(0, 1.178	-	3.333	+	2.958	))
=	3.068

	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	))
=	24.137	-	0.681	-	( 20.983	-	max(0, 0.732	-	21.17	+	20.983	))
=	3.018

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Sovereign Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-8.128	/	( ( (2.986 + max(-0.944, 0))	+	(2.968 + max(-0.545, 0)) )	/	2 )
=	-8.128	/	( ( 2.986	+	2.968 )	/	2 )
=	-8.128	/	2.977
=	-273.03 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.234)	-	(1.097	+	0	+	0.081)
=	-0.944

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.187	+	0	+	0)	-	(0.681	+	0	+	0.051)
=	-0.545

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sovereign Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-10.868	/	219.394
	=	-4.95 %

Sovereign Metals EBIT Related Terms

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Sovereign Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sovereign Metals Ltd (LSE:SVML) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SVMLF:USA SVM:Germany SVM:Australia

Address

28 The Esplanade, Level 9, Perth, WA, AUS, 6000

Website

https://www.sovereignmetals.com.au

Sovereign Metals Ltd is a mineral exploration company. It is engaged in the mineral exploration, identification, and appraisal of resource projects. The company has one operating segment being exploration in Malawi.

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