Rare Earth Magnesium Technology Group Holdings (STU:GPS) EBIT : €-44.32 Mil (TTM As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings EBIT?

Rare Earth Magnesium Technology Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-33.77 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-44.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rare Earth Magnesium Technology Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -11.74%. Rare Earth Magnesium Technology Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -45.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rare Earth Magnesium Technology Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -54.75%.

Rare Earth Magnesium Technology Group Holdings EBIT Historical Data

The historical data trend for Rare Earth Magnesium Technology Group 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.

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Rare Earth Magnesium Technology Group Holdings EBIT Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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38.65

3.10

-29.20

3.22

-44.28

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-26.93	-7.39	10.65	-10.55	-33.77

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's EBIT

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group 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.

Rare Earth Magnesium Technology Group Holdings's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's EV-to-EBIT falls into.

Rare Earth Magnesium Technology Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-44.32 Mil.

Rare Earth Magnesium Technology Group Holdings (STU:GPS) EBIT Explanation

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

Rare Earth Magnesium Technology Group Holdings'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 )
=	-20.81 * ( 1 - 0.72% )	/	( (192.508	+	159.549)	/ 2 )
=	-20.660168	/	176.0285
=	-11.74 %

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	))
=	202.152	-	5.795	-	( 3.849	-	max(0, 21.53	-	45.501	+	3.849	))
=	192.508

	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	))
=	169.377	-	5.137	-	( 4.691	-	max(0, 21.693	-	40.066	+	4.691	))
=	159.549

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:

Rare Earth Magnesium Technology Group Holdings'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 )
=	-67.538	/	( ( (154.561 + max(12.235, 0))	+	(124.035 + max(3.7, 0)) )	/	2 )
=	-67.538	/	( ( 166.796	+	127.735 )	/	2 )
=	-67.538	/	147.2655
=	-45.86 %

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)
=	(0.197	+	19.291	+	1.096)	-	(5.795	+	0	+	2.554)
=	12.235

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.194	+	12.139	+	0)	-	(5.137	+	0	+	3.496)
=	3.7

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:

Rare Earth Magnesium Technology Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-44.317	/	80.951
	=	-54.75 %

Rare Earth Magnesium Technology Group Holdings EBIT Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

Industry

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Traded in Other Exchanges

00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.