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Nickel Industries (Nickel Industries) EBIT : $294 Mil (TTM As of Dec. 2023)


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What is Nickel Industries EBIT?

Nickel Industries's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $181 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $294 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nickel Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 10.98%. Nickel Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nickel Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.82%.


Nickel Industries EBIT Historical Data

The historical data trend for Nickel Industries'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.

Nickel Industries EBIT Chart

Nickel Industries Annual Data
Trend Jun19 Dec20 Dec21 Dec22 Dec23
EBIT
71.93 159.84 194.08 250.81 294.19

Nickel Industries Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 104.98 136.48 114.34 113.38 180.81

Competitive Comparison of Nickel Industries's EBIT

For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.


Nickel Industries's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



Nickel Industries 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 $294 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.


Nickel Industries  (OTCPK:NICMF) EBIT Explanation

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

Nickel Industries'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 )
=348.034 * ( 1 - 12.47% )/( (2445.699 + 3103.62)/ 2 )
=304.6341602/2774.6595
=10.98 %

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))
=3004.965 - 195.282 - ( 363.984 - max(0, 468.22 - 998.733+363.984))
=2445.699

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))
=4071.346 - 192.759 - ( 774.967 - max(0, 477.882 - 1344.672+774.967))
=3103.62

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:

Nickel Industries'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 )
=361.626/( ( (1879.351 + max(422.48, 0)) + (1861.656 + max(307.916, 0)) )/ 2 )
=361.626/( ( 2301.831 + 2169.572 )/ 2 )
=361.626/2235.7015
=16.18 %

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)
=(369.945 + 223.412 + 41.392) - (195.282 + 15.798 + 1.189)
=422.48

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(287.33 + 199.448 + 41.751) - (192.759 + 26.092 + 1.762)
=307.916

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:

Nickel Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=294.189/2720.079
=10.82 %

* 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.


Nickel Industries EBIT Related Terms

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Nickel Industries (Nickel Industries) Business Description

Traded in Other Exchanges
Address
66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.

Nickel Industries (Nickel Industries) Headlines

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