Korab Resources (ASX:KOR) Net Income: A$-1.06 Mil (TTM As of Dec. 2024)

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What is Korab Resources Net Income?

Korab Resources ASX:KOR Net Income is A$-1.06 Mil as of Dec. 2024.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Korab Resources's Net Income for the six months ended in Dec. 2024 was A$-0.44 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was A$-1.06 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Korab Resources's Earnings per Share (Diluted) for the six months ended in Dec. 2024 was A$-0.00.


Korab Resources  (ASX:KOR) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Korab Resources's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Korab Resources Net Income Related Terms


Korab Resources Net Income Historical Data

* Premium members only.

The historical data trend for Korab Resources's Net Income 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.

Korab Resources Net Income Chart

Korab Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.26 -0.53 -0.61 -1.36 -0.93

Korab Resources Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.31 -1.05 -0.31 -0.62 -0.44

Korab Resources Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Korab Resources's Net Income for the fiscal year that ended in Jun. 2024 is calculated as

Net Income(A: Jun. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.932+0+0+0
=-0.93

Korab Resources's Net Income for the quarter that ended in Dec. 2024 is calculated as

Net Income(Q: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.436+0+0+0
=-0.44

Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.06 Mil.

* 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.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of A$-1.06 Mil mean?
Korab Resources (ASX:KOR) has a Net Income of A$-1.06 Mil as of Dec. 2024. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Korab Resources and its competitors.
Is Korab Resources' Net Income too high?
Korab Resources' current Net Income is A$-1.06 Mil.
How does Korab Resources' Net Income compare to competitors?
Korab Resources' Net Income of A$-1.06 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Metals & Mining company?
A good Net Income depends on the Metals & Mining industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Korab Resources and its competitors. Korab Resources's current Net Income is A$-1.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Korab Resources stock overvalued right now?
Korab Resources (ASX:KOR) has a current Net Income of A$-1.06 Mil. The current Net Income is A$-1.06 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Korab Resources (ASX:KOR), the current Net Income is A$-1.06 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Korab Resources Business Description

Address 20 Prowse Street, West Perth, Perth, WA, AUS, 6005
Korab Resources Ltd is a battery and precious metals mining and exploration company. It is engaged in mineral exploration and the evaluation of mineral properties. It corporate strategy is to locate, acquire, advance and then crystallise value from their prospects and deposits though development, joint venture or sale. It operates development projects in Australia and exploration projects in Northern Territory. The company projects include the Bobrikovo project located in Ukraine, the Winchester magnesium and the Geolsec Phosphate projects, the Sundance project, the Batchelor and the Green Alligator projects located in Northern Territory, and the Mt. Elephant project situated in Western Australia.