MIN 5.04% $33.53 mineral resources limited

EBITDA Calculation in FY19 Results, page-3

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    lightbulb Created with Sketch. 120
    @daahnt I'd guess 'weighted average' calcs won't allow you to simply do the 'Revenue - Costs' equation and get the figure they're displaying, everything is 'aggregated' so you'd need the 'raw data' as such...

    I'm assuming they're 'weighting' across the 'products' (lumps, fines, etc), probably to simply 'mask' some of the 'under performance' with the 'outright winner' carrying the positive 'outlier' figures, while the less profitable elements get 'mashed' into the weighted averages...

    I don't think it's uncommon in 'public' companies, tells a better story than 'we're good here, and here, but pretty $hithouse over here, and over there...' type narrative...

    ML
    Last edited by morgenlofting: 08/02/20
 
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