EV Nickel (EV Nickel) EBIT : $-2.61 Mil (TTM As of Mar. 2024)

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What is EV Nickel EBIT?

EV Nickel's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EV Nickel's annualized ROC % for the quarter that ended in Mar. 2024 was -467.63%. EV Nickel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6,205.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EV Nickel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.78%.

EV Nickel EBIT Historical Data

The historical data trend for EV Nickel'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.

EV Nickel EBIT Chart

EV Nickel Annual Data

Trend

Jun21

Jun22

Jun23

EBIT

-2.43

-3.91

-3.57

EV Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								-0.56	-1.02	-0.66	-0.33	-0.61

Competitive Comparison of EV Nickel's EBIT

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

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

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

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

EV Nickel 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 $-2.61 Mil.

EV Nickel (OTCPK:EVNIF) EBIT Explanation

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

EV Nickel'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 )
=	-2.42 * ( 1 - 0% )	/	( (0.041	+	0.994)	/ 2 )
=	-2.42	/	0.5175
=	-467.63 %

where

	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	))
=	1.156	-	0.654	-	( 0.988	-	max(0, 0.654	-	1.115	+	0.988	))
=	0.041

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	5.216	-	0.323	-	( 5.023	-	max(0, 1.281	-	5.18	+	5.023	))
=	0.994

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

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

EV Nickel'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 )
=	-2.42	/	( ( (0.041 + max(-0.619, 0))	+	(0.037 + max(-1.267, 0)) )	/	2 )
=	-2.42	/	( ( 0.041	+	0.037 )	/	2 )
=	-2.42	/	0.039
=	-6,205.13 %

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	+	0	+	0.035)	-	(0.654	+	0	+	0)
=	-0.619

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.014)	-	(0.323	+	0	+	0.958)
=	-1.267

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-2.61	/	54.658
	=	-4.78 %

EV Nickel EBIT Related Terms

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EV Nickel (EV Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EV Nickel Inc (OTCPK:EVNIF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

JR1:Germany EVNI:Canada

Address

150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9

Website

https://www.evnickel.com

EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.