Metalore Resources (Metalore Resources) EBIT : $-2.06 Mil (TTM As of Dec. 2023)

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What is Metalore Resources EBIT?

Metalore Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metalore Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -4.80%. Metalore Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metalore Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,089.95%.

Metalore Resources EBIT Historical Data

The historical data trend for Metalore 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.

Metalore Resources EBIT Chart

Metalore Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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0.41

-0.60

0.56

1.90

-1.76

Metalore Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															0.10	-2.05	-0.03	-0.02	0.04

Competitive Comparison of Metalore Resources's EBIT

For the Oil & Gas E&P subindustry, Metalore 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.

Metalore Resources's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Metalore Resources's EV-to-EBIT distribution charts can be found below:

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

Metalore 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 quarterly data reported by the company within the most recent 12 months, which was $-2.06 Mil.

Metalore Resources (OTCPK:MTLRF) EBIT Explanation

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

Metalore 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.168 * ( 1 - 24.32% )	/	( (2.72	+	2.581)	/ 2 )
=	-0.1271424	/	2.6505
=	-4.80 %

where

	Invested Capital		(Q: Sep. 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	))
=	6.479	-	0.039	-	( 3.72	-	max(0, 0.039	-	3.797	+	3.72	))
=	2.72

	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	))
=	6.416	-	0.057	-	( 3.778	-	max(0, 0.057	-	3.886	+	3.778	))
=	2.581

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

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

Metalore 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.148	/	( ( (2.682 + max(0.038, 0))	+	(2.529 + max(0.051, 0)) )	/	2 )
=	0.148	/	( ( 2.72	+	2.58 )	/	2 )
=	0.148	/	2.65
=	5.58 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.036	+	0.026	+	0.015)	-	(0.039	+	0	+	0)
=	0.038

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.031	+	0.025	+	0.052)	-	(0.057	+	0	+	0)
=	0.051

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.06	/	0.189
	=	-1,089.95 %

Metalore Resources EBIT Related Terms

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Metalore Resources (Metalore Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Metalore Resources Ltd (OTCPK:MTLRF) » Definitions » EBIT

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MET:Canada

Address

124 Norfolk Street North, P.O. Box 422, Simcoe, ON, CAN, N3Y 3N8

Website

https://www.metaloreresources.ca

Metalore Resources Ltd is a Canada-based resource company focused on natural gas production and gold exploration. It owns and controls petroleum, natural gas, and mineral leases in Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario. The company's properties for gold exploration include Paint LakeProperty and Brookbank Jv Properties. It generates the majority of revenue from the sale of natural gas.