Technology Minerals (LSE:TM1) EBIT : £-3.98 Mil (TTM As of Dec. 2023)

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What is Technology Minerals EBIT?

Technology Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-1.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-3.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Technology Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -9.21%. Technology Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Technology Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -42.34%.

Technology Minerals EBIT Historical Data

The historical data trend for Technology Minerals'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.

Technology Minerals EBIT Chart

Technology Minerals Annual Data

Trend

Jun21

Jun22

Jun23

EBIT

-1.79

-3.69

Technology Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-0.76	-1.03	-0.79	-2.90	-1.08

Competitive Comparison of Technology Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, Technology Minerals'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.

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

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

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

Technology Minerals 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 £-3.98 Mil.

Technology Minerals (LSE:TM1) EBIT Explanation

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

Technology Minerals'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 )
=	-2.258 * ( 1 - 0% )	/	( (23.609	+	25.415)	/ 2 )
=	-2.258	/	24.512
=	-9.21 %

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	))
=	23.906	-	0.336	-	( 0.318	-	max(0, 0.438	-	0.399	+	0.318	))
=	23.609

	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	))
=	24.481	-	0.774	-	( 0.038	-	max(0, 1.812	-	0.104	+	0.038	))
=	25.415

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:

Technology Minerals'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 )
=	-2.156	/	( ( (15.793 + max(-0.358, 0))	+	(16.01 + max(-0.742, 0)) )	/	2 )
=	-2.156	/	( ( 15.793	+	16.01 )	/	2 )
=	-2.156	/	15.9015
=	-13.56 %

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	+	0.08)	-	(0.336	+	0	+	0.102)
=	-0.358

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.066	+	0	+	-1.3877787807814E-17)	-	(0.774	+	0	+	0.034)
=	-0.742

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:

Technology Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.981	/	9.403
	=	-42.34 %

Technology Minerals EBIT Related Terms

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Technology Minerals (LSE:TM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Technology Minerals PLC (LSE:TM1) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Savile Row, London, GBR, W1S 3PW

Website

https://www.technologyminerals.co.uk

Technology Minerals PLC is a London-based mineral exploration company focused on the exploration of mineral resource projects in Ireland (Li project), Spain (Cu-Co-Ni project), Cameroon (Ni-Co project), and three projects in the USA (Cu-Co, Co, and Ni-Co-Cu projects, respectively).

Technology Minerals (LSE:TM1) Headlines

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