Great Divide Mining (ASX:GDM) Operating Income : A$ Mil (TTM As of Dec. 2023)

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What is Great Divide Mining Operating Income?

Great Divide Mining's Operating Income for the six months ended in Dec. 2023 was A$-0.62 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Great Divide Mining's Operating Income for the six months ended in Dec. 2023 was A$-0.62 Mil. Great Divide Mining's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Therefore, Great Divide Mining's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Great Divide Mining's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great Divide Mining's annualized ROC % for the quarter that ended in Dec. 2023 was -102.86%. Great Divide Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -137.09%.

Great Divide Mining Operating Income Historical Data

The historical data trend for Great Divide Mining's Operating 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.

* Premium members only.

Great Divide Mining Operating Income Chart

Great Divide Mining Annual Data

Trend

Operating Income

Great Divide Mining Semi-Annual Data
	Dec22	Dec23
Operating Income	-0.53	-0.62

Great Divide Mining Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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 A$ Mil.

Great Divide Mining (ASX:GDM) Operating Income Explanation

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

Great Divide Mining'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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.24 * ( 1 - 0% )	/	( (0.537	+	1.874)	/ 2 )
=	-1.24	/	1.2055
=	-102.86 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	0.16	-	0.22	-	( 0.006	-	max(0, 0.757	-	0.16	+	0.006	))
=	0.537

	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	))
=	4.668	-	0.543	-	( 2.726	-	max(0, 0.58	-	2.831	+	2.726	))
=	1.874

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:

Great Divide Mining'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: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.24	/	( ( (0 + max(-0.066, 0))	+	(1.809 + max(-0.455, 0)) )	/	2 )
=	-1.24	/	( ( 0	+	1.809 )	/	2 )
=	-1.24	/	0.9045
=	-137.09 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.002	+	0	+	0.152)	-	(0.22	+	0	+	0)
=	-0.066

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.024	+	0	+	0.081)	-	(0.543	+	0	+	0.017)
=	-0.455

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. Operating Income is also linked to Operating Margin %:

Great Divide Mining's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.62	/	0
	=	%

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Great Divide Mining Operating Income Related Terms

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Great Divide Mining (ASX:GDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Divide Mining Ltd (ASX:GDM) » Definitions » Operating Income

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Address

127 Creek Street, Level 12, Brisbane, QLD, AUS, 4000

Website

https://www.greatdividemining.com.au

Great Divide Mining Ltd is a mineral exploration company. It focuses on the exploration and development of its projects for Gold, Antimony, and Copper, with Lithium and Rare Earth Metals.

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