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Almaden Minerals (Almaden Minerals) EBIT : $-7.25 Mil (TTM As of Sep. 2023)


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What is Almaden Minerals EBIT?

Almaden Minerals's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-7.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Almaden Minerals's annualized ROC % for the quarter that ended in Sep. 2023 was -4.06%. Almaden Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -3.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Almaden Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -34.80%.


Almaden Minerals EBIT Historical Data

The historical data trend for Almaden Minerals'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.

Almaden Minerals EBIT Chart

Almaden Minerals Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.61 -2.67 -2.14 -1.52 -7.35

Almaden Minerals Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.01 -6.02 -0.30 -0.48 -0.45

Competitive Comparison of Almaden Minerals's EBIT

For the Gold subindustry, Almaden Minerals'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.


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

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

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



Almaden Minerals 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.25 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.


Almaden Minerals  (AMEX:AAU) EBIT Explanation

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

Almaden Minerals's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-2.176 * ( 1 - 0% )/( (54.024 + 53.053)/ 2 )
=-2.176/53.5385
=-4.06 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Almaden Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.808/( ( (53.276 + max(0.748, 0)) + (52.282 + max(0.771, 0)) )/ 2 )
=-1.808/( ( 54.024 + 53.053 )/ 2 )
=-1.808/53.5385
=-3.38 %

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)
=(0.086 + 0 + 0.842) - (0.179 + 0 + 0.001)
=0.748

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.079 + 0 + 0.81) - (0.118 + 0 + 0)
=0.771

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Almaden Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-7.251/20.839
=-34.80 %

* 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.


Almaden Minerals EBIT Related Terms

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Almaden Minerals (Almaden Minerals) Business Description

Traded in Other Exchanges
Address
1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9
Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.