Equinox Resources (ASX:EQN) EBIT : A$0.00 Mil (TTM As of Jun. 2023)

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What is Equinox Resources EBIT?

Equinox Resources's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was A$0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$0.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Equinox Resources's annualized ROC % for the quarter that ended in Jun. 2023 was 0.00%. Equinox Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Equinox Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 0.00%.

Equinox Resources EBIT Historical Data

The historical data trend for Equinox 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.

Equinox Resources EBIT Chart

Equinox Resources Annual Data

Trend

Jun22

Jun23

EBIT

-3.04

-1.23

Equinox Resources Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-	-	-	-

Competitive Comparison of Equinox Resources's EBIT

For the Steel subindustry, Equinox 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.

Equinox Resources's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Equinox Resources's EV-to-EBIT distribution charts can be found below:

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

Equinox 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Equinox Resources (ASX:EQN) EBIT Explanation

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

Equinox Resources's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	0 * ( 1 - % )	/	( (0	+	11.673)	/ 1 )
=	0	/	11.673
=	0.00 %

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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	15.904	-	0.257	-	( 4.267	-	max(0, 0.408	-	4.382	+	4.267	))
=	11.673

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

Equinox Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0 + max(0, 0))	+	(11.473 + max(-0.301, 0)) )	/	1 )
=	0	/	( ( 0	+	11.473 )	/	1 )
=	0	/	11.473
=	0.00 %

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	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.052)	-	(0.257	+	0.047	+	0.049)
=	-0.301

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	0	/	38.326
	=	0.00 %

Equinox Resources EBIT Related Terms

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Equinox Resources (ASX:EQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equinox Resources Ltd (ASX:EQN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

182 St George's Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.eqnx.com.au

Equinox Resources Ltd is a mineral exploration appraising and development company. It owns interests in the Hamersley Iron Ore Project is located north of Tom Price in the Pilbara region of Western Australia.

Equinox Resources (ASX:EQN) Headlines

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