IREN (STU:F8P) EBIT : €-64.7 Mil (TTM As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is IREN EBIT?

IREN's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €-45.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €-64.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IREN's annualized ROC % for the quarter that ended in Sep. 2024 was -17.30%. IREN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -28.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IREN's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -2.50%.

IREN EBIT Historical Data

The historical data trend for IREN'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.

IREN EBIT Chart

IREN Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

-1.81

-37.05

-364.07

-142.29

-23.46

IREN Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial												-4.17	-5.74	11.26	-24.88	-45.38

Competitive Comparison of IREN's EBIT

For the Capital Markets subindustry, IREN'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.

IREN's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IREN's EV-to-EBIT distribution charts can be found below:

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

IREN 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-64.7 Mil.

IREN (STU:F8P) EBIT Explanation

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

IREN's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-141.068 * ( 1 - -2.54% )	/	( (654.723	+	1017.103)	/ 2 )
=	-144.6511272	/	835.913
=	-17.30 %

where

	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	))
=	1071.168	-	43.554	-	( 381.941	-	max(0, 47.376	-	420.267	+	381.941	))
=	654.723

	Invested Capital		(Q: Sep. 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	))
=	1154.371	-	125.78	-	( 88.829	-	max(0, 131.581	-	143.069	+	88.829	))
=	1017.103

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

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

IREN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-181.504	/	( ( (411.473 + max(-35.992, 0))	+	(872.546 + max(-98.445, 0)) )	/	2 )
=	-181.504	/	( ( 411.473	+	872.546 )	/	2 )
=	-181.504	/	642.0095
=	-28.27 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.141	+	0	+	11.044)	-	(43.554	+	2.376	+	1.247)
=	-35.992

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.114	+	0	+	32.69)	-	(125.78	+	2.116	+	3.353)
=	-98.445

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-64.738	/	2592.280
	=	-2.50 %

IREN EBIT Related Terms

Thank you for viewing the detailed overview of IREN's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

IREN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IREN Ltd (STU:F8P) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IREN:USA F8P:Germany

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.

IREN Headlines

No Headlines