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Piedmont Lithium (Piedmont Lithium) EBIT : $-36.98 Mil (TTM As of Mar. 2024)


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What is Piedmont Lithium EBIT?

Piedmont Lithium's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-26.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-36.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Piedmont Lithium's annualized ROC % for the quarter that ended in Mar. 2024 was -11.77%. Piedmont Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -81.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Piedmont Lithium's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -23.56%.


Piedmont Lithium EBIT Historical Data

The historical data trend for Piedmont Lithium'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.

Piedmont Lithium EBIT Chart

Piedmont Lithium Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.04 -6.57 -19.74 -9.72 -18.63

Piedmont Lithium Quarterly Data
Mar19 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT 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 -8.13 -9.98 24.93 -25.45 -26.48

Competitive Comparison of Piedmont Lithium's EBIT

For the Other Industrial Metals & Mining subindustry, Piedmont Lithium'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.


Piedmont Lithium's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



Piedmont Lithium 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36.98 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.


Piedmont Lithium  (NAS:PLL) EBIT Explanation

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

Piedmont Lithium's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-36.944 * ( 1 - 11.58% )/( (305.562 + 249.631)/ 2 )
=-32.6658848/277.5965
=-11.77 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Piedmont Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-105.928/( ( (128.457 + max(-36.965, 0)) + (131.078 + max(-11.584, 0)) )/ 2 )
=-105.928/( ( 128.457 + 131.078 )/ 2 )
=-105.928/129.7675
=-81.63 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.595 + 0 + 3.345) - (40.905 + 0 + 0)
=-36.965

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.247 + 0 + 2.501) - (18.332 + 0 + -3.5527136788005E-15)
=-11.584

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Piedmont Lithium's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-36.983/156.950
=-23.56 %

* 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.


Piedmont Lithium EBIT Related Terms

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Piedmont Lithium (Piedmont Lithium) Business Description

Address
42 E Catawba Street, Belmont, NC, USA, 28012
Piedmont Lithium Inc, is a lithium-based company focused on the development of its Piedmont Lithium Project located within the Carolina TinSpodumene Belt (''TSB'') and along trend to the Hallman Beam and Kings Mountain mines.
Executives
Claude Demby director C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Michael D White officer: EVP and CFO 17988 EDISON AVE, CHESTERFIELD MA 63005
Michael A Bless director C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202
Bruce Czachor officer: EVP, CLO & Secretary 32 NORTH MAIN STREET, SUITE 100, BELMONT NC 28012
Patrick Brindle officer: EVP and CDO 32N MAIN STREET, SUITE 100, BELMONT NC 28012
Keith D. Phillips director, officer: President and CEO 42 E CATAWBA STREET, BELMONT NC 28012
Austin Devaney officer: EVP and CCO C/O PIEDMONT LITHIUM INC., 42 E CATAWBA STREET, BELMONT NC 28012
Krishna Mcvey officer: EVP and CAO C/O PIEDMONT LITHIUM INC., 42 E CATAWBA STREET, BELMONT NC 28012
Christina M Alvord director 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Jeffrey T. Armstrong director 32N MAIN STREET, SUITE 100, BELMONT NC 28012
David Klanecky officer: EVP and COO 32N MAIN STREET, SUITE 100, BELMONT NC 28012
Susan C. Jones director 32N MAIN STREET, SUITE 100, BELMONT NC 28012
Levi Mochkin director
Todd Hannigan director 32N MAIN STREET, SUITE 100, BELMONT NC 28012
Jorge Beristain director 32N MAIN STREET, SUITE 100, BELMONT NC 28012