Noble Helium (ASX:NHE) EBIT : A$-4.29 Mil (TTM As of Dec. 2023)

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What is Noble Helium EBIT?

Noble Helium's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Noble Helium's annualized ROC % for the quarter that ended in Dec. 2023 was -18.34%. Noble Helium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -18.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Noble Helium's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.08%.

Noble Helium EBIT Historical Data

The historical data trend for Noble Helium'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.

Noble Helium EBIT Chart

Noble Helium Annual Data

Trend

Jun22

Jun23

EBIT

-2.73

-2.49

Noble Helium Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-	-0.95	-1.54	-2.75

Competitive Comparison of Noble Helium's EBIT

For the Specialty Chemicals subindustry, Noble Helium'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.

Noble Helium's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Noble Helium's EV-to-EBIT distribution charts can be found below:

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

Noble Helium 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 A$-4.29 Mil.

Noble Helium (ASX:NHE) EBIT Explanation

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

Noble Helium'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 )
=	-5.632 * ( 1 - 0% )	/	( (17	+	44.422)	/ 2 )
=	-5.632	/	30.711
=	-18.34 %

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	))
=	22.256	-	1.212	-	( 4.044	-	max(0, 1.23	-	5.866	+	4.044	))
=	17

	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	))
=	50.083	-	5.486	-	( 1.159	-	max(0, 5.512	-	5.687	+	1.159	))
=	44.422

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:

Noble Helium'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 )
=	-5.496	/	( ( (16.188 + max(-1, 0))	+	(44.229 + max(-0.984, 0)) )	/	2 )
=	-5.496	/	( ( 16.188	+	44.229 )	/	2 )
=	-5.496	/	30.2085
=	-18.19 %

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	+	0	+	0.23)	-	(1.212	+	0	+	0.018)
=	-1

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.527	+	0	+	0.0010000000000003)	-	(5.486	+	0	+	0.026)
=	-0.984

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:

Noble Helium's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.285	/	32.766
	=	-13.08 %

Noble Helium EBIT Related Terms

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Noble Helium (ASX:NHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Noble Helium Ltd (ASX:NHE) » Definitions » EBIT

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Traded in Other Exchanges

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Address

216 St. Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.noblehelium.com.au

Noble Helium Ltd is an Independent Helium exploration company In Australia with operations and explorations in Tanzania, East Africa. It is engaged in developing large new supplies of high-grade primary helium to diversify the supply chain for the rare and technologically vital gas. The company has three projects namely; North Rukwa Project, North Nyasa Project and Eyasi and Manyara Projects.

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