Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) EBIT : $112.4 Mil (TTM As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Labrador Iron Ore Royalty EBIT?

Labrador Iron Ore Royalty's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $30.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $112.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Labrador Iron Ore Royalty's annualized ROC % for the quarter that ended in Dec. 2023 was 16.46%. Labrador Iron Ore Royalty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 72.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Labrador Iron Ore Royalty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.95%.

Labrador Iron Ore Royalty EBIT Historical Data

The historical data trend for Labrador Iron Ore Royalty'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.

Labrador Iron Ore Royalty EBIT Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

100.78

119.13

167.76

130.04

112.84

Labrador Iron Ore Royalty 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															26.60	25.84	29.32	26.40	30.83

Competitive Comparison of Labrador Iron Ore Royalty's EBIT

For the Steel subindustry, Labrador Iron Ore Royalty'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.

Labrador Iron Ore Royalty's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Labrador Iron Ore Royalty's EV-to-EBIT falls into.

Labrador Iron Ore Royalty 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 $112.4 Mil.

Labrador Iron Ore Royalty (OTCPK:LIFZF) EBIT Explanation

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

Labrador Iron Ore Royalty'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 )
=	123.308 * ( 1 - 24.23% )	/	( (551.207	+	584.012)	/ 2 )
=	93.4304716	/	567.6095
=	16.46 %

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	))
=	621.956	-	51.689	-	( 35.211	-	max(0, 51.689	-	70.749	+	35.211	))
=	551.207

	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	))
=	623.915	-	30.07	-	( 9.833	-	max(0, 30.07	-	50.335	+	9.833	))
=	584.012

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

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

Labrador Iron Ore Royalty'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 )
=	123.308	/	( ( (165.804 + max(-19.503, 0))	+	(166.146 + max(10.053, 0)) )	/	2 )
=	123.308	/	( ( 165.804	+	176.199 )	/	2 )
=	123.308	/	171.0015
=	72.11 %

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)
=	(32.186	+	0	+	0)	-	(51.689	+	0	+	0)
=	-19.503

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.123	+	0	+	0)	-	(30.07	+	0	+	0)
=	10.053

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:

Labrador Iron Ore Royalty's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	112.381	/	1414.166
	=	7.95 %

Labrador Iron Ore Royalty EBIT Related Terms

Thank you for viewing the detailed overview of Labrador Iron Ore Royalty's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LIF:Canada

Address

235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3

Website

https://www.labradorironore.com

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Headlines

From GuruFocus

Canadian Small-Cap Fund Makes Big Purchase in Iron Ore Company

By Kyle Ferguson Kyle Ferguson • 01-10-2016