Solitario Resources (Solitario Resources) EBIT : $-4.12 Mil (TTM As of Dec. 2023)

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What is Solitario Resources EBIT?

Solitario Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-1.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Solitario Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -30.25%. Solitario Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -30.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Solitario Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.74%.

Solitario Resources EBIT Historical Data

The historical data trend for Solitario 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.

Solitario Resources EBIT Chart

Solitario Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.79

-1.48

-2.18

-3.67

-4.12

Solitario 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															-0.72	-0.76	-0.88	-1.21	-1.28

Competitive Comparison of Solitario Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Solitario 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.

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

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

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

Solitario 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 $-4.12 Mil.

Solitario Resources (AMEX:XPL) EBIT Explanation

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

Solitario 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 )
=	-5.1 * ( 1 - 0% )	/	( (16.864	+	16.855)	/ 2 )
=	-5.1	/	16.8595
=	-30.25 %

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	))
=	22.111	-	0.295	-	( 5.042	-	max(0, 0.327	-	5.279	+	5.042	))
=	16.864

	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	))
=	26.757	-	0.593	-	( 9.668	-	max(0, 0.632	-	9.941	+	9.668	))
=	16.855

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

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

Solitario 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 )
=	-5.1	/	( ( (16.828 + max(-0.059, 0))	+	(16.812 + max(-0.32, 0)) )	/	2 )
=	-5.1	/	( ( 16.828	+	16.812 )	/	2 )
=	-5.1	/	16.82
=	-30.32 %

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	+	0	+	0.237)	-	(0.295	+	0	+	0.0010000000000001)
=	-0.059

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.273)	-	(0.593	+	0	+	0)
=	-0.32

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.115	/	42.240
	=	-9.74 %

Solitario Resources EBIT Related Terms

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Solitario Resources (Solitario Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solitario Resources Corp (AMEX:XPL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SLR:Canada

Address

4251 Kipling Street, Suite 390, Wheat Ridge, CO, USA, 80033

Website

https://www.solitarioxr.com

Solitario Resources Corp is exploration company engaging in acquiring, exploring, and developing zinc properties and other precious metals in safe jurisdictions in North and South America. It has joint venture interests in large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources S.A., Golden Crest Project in South Dakota and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.

Executives

James Kb Hesketh	director	65 SOUTH JOYCE STREET, GOLDEN CO 80401
Debbie Mino Austin	director	128 APRIL BREEZE ST., MONTGOMERY CO 77356
James R Maronick	officer: CFO	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Christopher E Herald	director, officer: CEO	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Walter H Hunt	officer: Vice President Exploration	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Gil Atzmon	director	1718 FOX TREE LN, SAN ANTONIO TX 78248
John A Labate	director
Brian Labadie	director	24138 FERN CRESCENT, MAPLE RIDGE A1 V4R 2S1
Leonard Harris	director	4251 KIPLING ST STE 390, WHEAT RIDGE CO 80033
Jones Mark E Iii	director	16360 PARK TEN PLACE, SUITE 217, HOUSTON TX 77084
John Hainey	director	216 TOYNBEE TRAIL, SCARBOROUGH A6 M1E 1G9
Steven A Webster	director	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Daniel B Leonard	director	4510 SILVER CLIFF COURT, CASTLE ROCK CO 80108
Crown Resources Corp	10 percent owner	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033