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Gold Flora (NEOE:GRAM) EBIT : C$-11.6 Mil (TTM As of Mar. 2024)


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What is Gold Flora EBIT?

Gold Flora's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-11.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-11.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gold Flora's annualized ROC % for the quarter that ended in Mar. 2024 was -19.87%. Gold Flora's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -27.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gold Flora's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.97%.

Gold Flora EBIT Historical Data

The historical data trend for Gold Flora'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.

Gold Flora EBIT Chart

Gold Flora Annual Data
Trend Dec22 Dec23
EBIT
6.04 -17.29

Gold Flora Quarterly Data
Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial 16.76 -5.30 49.52 -49.76 -11.36

Competitive Comparison of Gold Flora's EBIT

For the Tobacco subindustry, Gold Flora'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.

Gold Flora's EV-to-EBIT Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's EV-to-EBIT distribution charts can be found below:

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


Gold Flora 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 C$-11.6 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.

Gold Flora  (NEOE:GRAM) EBIT Explanation

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

Gold Flora'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 )
=-48.388 * ( 1 - -7.76% )/( (266.025 + 258.742)/ 2 )
=-52.1429088/262.3835
=-19.87 %

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))
=303.693 - 84.44 - ( 30.237 - max(0, 117.693 - 70.921+30.237))
=266.025

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))
=298.618 - 101.792 - ( 19.25 - max(0, 131.505 - 69.589+19.25))
=258.742

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

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

Gold Flora'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 )
=-45.42/( ( (165.313 + max(-44.749, 0)) + (162.119 + max(-52.44, 0)) )/ 2 )
=-45.42/( ( 165.313 + 162.119 )/ 2 )
=-45.42/163.716
=-27.74 %

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)
=(2.379 + 24.648 + 13.042) - (84.44 + 0 + 0.378)
=-44.749

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.851 + 27.14 + 18.687) - (101.792 + 0 + 0.32599999999999)
=-52.44

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:

Gold Flora's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-11.597/292.451
=-3.97 %

* 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.

Gold Flora EBIT Related Terms

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Gold Flora (NEOE:GRAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (NEOE:GRAM) » Definitions » EBIT
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Traded in Other Exchanges
GRAM:USA
Address
3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626
Website
https://www.goldflora.com
Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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