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FTCO (Fortitude Gold) EBIT : $6.03 Mil (TTM As of Jun. 2024)


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What is Fortitude Gold EBIT?

Fortitude Gold's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $-0.62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $6.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortitude Gold's annualized ROC % for the quarter that ended in Jun. 2024 was -4.82%. Fortitude Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -6.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortitude Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.27%.


Fortitude Gold EBIT Historical Data

The historical data trend for Fortitude Gold'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.

Fortitude Gold EBIT Chart

Fortitude Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-2.84 10.56 23.66 18.02 19.01

Fortitude Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 4.08 6.67 0.68 -0.69 -0.62

Competitive Comparison of Fortitude Gold's EBIT

For the Gold subindustry, Fortitude Gold'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.


Fortitude Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



Fortitude Gold 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.03 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.


Fortitude Gold  (OTCPK:FTCO) EBIT Explanation

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

Fortitude Gold's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-2.496 * ( 1 - -62.35% )/( (80.921 + 87.153)/ 2 )
=-4.052256/84.037
=-4.82 %

where

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

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

Fortitude Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.496/( ( (24.065 + max(19.542, 0)) + (23.676 + max(13.572, 0)) )/ 2 )
=-2.496/( ( 43.607 + 37.248 )/ 2 )
=-2.496/40.4275
=-6.17 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.009 + 24.389 + 0.964) - (5.82 + 0 + 0)
=19.542

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.527 + 15.238 + 1.54) - (3.733 + 0 + 0)
=13.572

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=6.026/82.890
=7.27 %

* 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.


Fortitude Gold EBIT Related Terms

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Fortitude Gold Business Description

Traded in Other Exchanges
N/A
Address
2886 Carriage Manor Point, Colorado Springs, CO, USA, 80906
Fortitude Gold Corp is a mineral exploration and evaluation company. It mainly explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.