WFRSF (West African Resources) EBIT : $170.9 Mil (TTM As of Jun. 2024)

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What is West African Resources EBIT?

West African Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $93.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $170.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. West African Resources's annualized ROC % for the quarter that ended in Jun. 2024 was 19.28%. West African Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 31.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. West African Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.69%.

West African Resources EBIT Historical Data

The historical data trend for West African Resources'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.

West African Resources EBIT Chart

West African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-4.78

126.14

272.02

175.21

162.56

West African Resources 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															107.06	72.42	85.01	77.78	93.11

Competitive Comparison of West African Resources's EBIT

For the Gold subindustry, West African Resources'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.

West African Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

West African Resources 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $170.9 Mil.

West African Resources (OTCPK:WFRSF) EBIT Explanation

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

West African Resources's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	189.844 * ( 1 - 30.92% )	/	( (671.453	+	688.99)	/ 2 )
=	131.1442352	/	680.2215
=	19.28 %

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	))
=	817.161	-	55.293	-	( 90.415	-	max(0, 86.108	-	317.395	+	90.415	))
=	671.453

	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	))
=	1045.926	-	74.638	-	( 282.298	-	max(0, 99.796	-	419.233	+	282.298	))
=	688.99

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

West African Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	186.224	/	( ( (499.766 + max(3.269, 0))	+	(626.693 + max(40.122, 0)) )	/	2 )
=	186.224	/	( ( 503.035	+	666.815 )	/	2 )
=	186.224	/	584.925
=	31.84 %

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)
=	(0	+	69.56	+	9.059)	-	(55.293	+	20.058	+	-0.0010000000000048)
=	3.269

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(65.544	+	68.254	+	3.137)	-	(74.638	+	22.175	+	0)
=	40.122

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

West African Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	170.889	/	1163.261
	=	14.69 %

West African Resources EBIT Related Terms

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West African Resources Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

W25:Germany WAF:Australia

Address

1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.westafricanresources.com

West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.