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Golden Metal Resources (Golden Metal Resources) EBIT : $-1.34 Mil (TTM As of Dec. 2023)


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What is Golden Metal Resources EBIT?

Golden Metal Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-0.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Golden Metal Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -14.31%. Golden Metal Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Golden Metal Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.67%.

Golden Metal Resources EBIT Historical Data

The historical data trend for Golden Metal Resources'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.

Golden Metal Resources EBIT Chart

Golden Metal Resources Annual Data
Trend Jun22 Jun23
EBIT
- -0.85

Golden Metal Resources Semi-Annual Data
Dec21 Dec22 Jun23 Dec23
EBIT -0.04 -0.08 -0.76 -0.57

Competitive Comparison of Golden Metal Resources's EBIT

For the Other Precious Metals & Mining subindustry, Golden Metal Resources'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.

Golden Metal Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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


Golden Metal Resources 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 $-1.34 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.

Golden Metal Resources  (OTCPK:GMTLF) EBIT Explanation

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

Golden Metal Resources'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 )
=-1.142 * ( 1 - 0% )/( (8.012 + 7.953)/ 2 )
=-1.142/7.9825
=-14.31 %

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))
=9.453 - 0.198 - ( 1.371 - max(0, 0.414 - 1.657+1.371))
=8.012

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))
=8.902 - 0.239 - ( 0.759 - max(0, 0.239 - 0.949+0.759))
=7.953

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:

Golden Metal Resources'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 )
=-1.142/( ( (0 + max(-0.365, 0)) + (0 + max(-0.239, 0)) )/ 2 )
=-1.142/( ( 0 + 0 )/ 2 )
=-1.142/0
= %

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 + 0.049) - (0.198 + 0 + 0.216)
=-0.365

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + -1.1102230246252E-16) - (0.239 + 0 + 0)
=-0.239

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:

Golden Metal Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-1.335/28.597
=-4.67 %

* 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.

Golden Metal Resources EBIT Related Terms

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Golden Metal Resources (Golden Metal Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Metal Resources PLC (OTCPK:GMTLF) » Definitions » EBIT
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Traded in Other Exchanges
GMET:UK
Address
201 Temple Chambers, 3-7 Temple Avenue, London, GBR, EC4Y 0DT
Website
https://www.goldenmetalresources.com
Golden Metal Resources PLC is a London-based precious and strategic metals exploration company which controls interests in four prospective projects in mining friendly Nevada. The company's primary project portfolio comprise Pilot Mountain Project, Golconda Summit Project, Kibby Basin Project, Garfield Project, and Stonewall Project.