Global Ferronickel Holdings (PHS:FNI) EBIT : ₱2,348 Mil (TTM As of Mar. 2024)

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What is Global Ferronickel Holdings EBIT?

Global Ferronickel Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₱41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₱2,348 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global Ferronickel Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -0.09%. Global Ferronickel Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Global Ferronickel Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 23.87%.

Global Ferronickel Holdings EBIT Historical Data

The historical data trend for Global Ferronickel Holdings'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.

Global Ferronickel Holdings EBIT Chart

Global Ferronickel Holdings Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,907.05

2,703.40

2,753.91

2,849.56

2,898.80

Global Ferronickel Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															594.08	428.60	1,582.32	296.91	40.59

Competitive Comparison of Global Ferronickel Holdings's EBIT

For the Other Industrial Metals & Mining subindustry, Global Ferronickel Holdings'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.

Global Ferronickel Holdings's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Ferronickel Holdings's EV-to-EBIT falls into.

Global Ferronickel Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱2,348 Mil.

Global Ferronickel Holdings (PHS:FNI) EBIT Explanation

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

Global Ferronickel Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	16.812 * ( 1 - 175.55% )	/	( (14914.705	+	14763.381)	/ 2 )
=	-12.701466	/	14839.043
=	-0.09 %

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	))
=	17414.741	-	849.276	-	( 2442.898	-	max(0, 2288.173	-	3938.933	+	2442.898	))
=	14914.705

	Invested Capital		(Q: Mar. 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	))
=	16359.306	-	680.605	-	( 1506.561	-	max(0, 1782.495	-	2697.815	+	1506.561	))
=	14763.381

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Global Ferronickel Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	162.344	/	( ( (6587.846 + max(68.995, 0))	+	(6583.654 + max(524.465, 0)) )	/	2 )
=	162.344	/	( ( 6656.841	+	7108.119 )	/	2 )
=	162.344	/	6882.48
=	2.36 %

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)
=	(270.232	+	453.253	+	772.55)	-	(849.276	+	0	+	577.764)
=	68.995

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(472.537	+	567.647	+	474.773)	-	(680.605	+	0	+	309.887)
=	524.465

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Global Ferronickel Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2348.41	/	9838.374
	=	23.87 %

Global Ferronickel Holdings EBIT Related Terms

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Global Ferronickel Holdings (PHS:FNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Ferronickel Holdings Inc (PHS:FNI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701

Website

https://www.gfni.com.ph

Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.