Magellan Gold (Magellan Gold) EBIT : $-1.36 Mil (TTM As of Dec. 2023)

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What is Magellan Gold EBIT?

Magellan Gold's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-1.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Magellan Gold's annualized ROC % for the quarter that ended in Dec. 2023 was -16.25%. Magellan Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -672.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Magellan Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -31.33%.

Magellan Gold EBIT Historical Data

The historical data trend for Magellan 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.

Magellan Gold EBIT Chart

Magellan Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-4.15

-3.26

-1.83

-1.28

-1.36

Magellan Gold 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															-0.91	-0.01	-0.02	-0.16	-1.17

Competitive Comparison of Magellan Gold's EBIT

For the Other Precious Metals & Mining subindustry, Magellan 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.

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

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

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

Magellan 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.36 Mil.

Magellan Gold (OTCPK:MAGE) EBIT Explanation

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

Magellan Gold'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 )
=	-0.276 * ( 1 - 0% )	/	( (2.34	+	1.056)	/ 2 )
=	-0.276	/	1.698
=	-16.25 %

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	))
=	1.307	-	0.745	-	( 0.013	-	max(0, 1.791	-	0.013	+	0.013	))
=	2.34

	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	))
=	0.1	-	0.829	-	( 0	-	max(0, 1.785	-	0	+	0	))
=	1.056

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

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

Magellan Gold'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 )
=	-4.688	/	( ( (1.294 + max(-0.923, 0))	+	(0.1 + max(-0.916, 0)) )	/	2 )
=	-4.688	/	( ( 1.294	+	0.1 )	/	2 )
=	-4.688	/	0.697
=	-672.60 %

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)	-	(0.745	+	0	+	0.178)
=	-0.923

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.829	+	0	+	0.087)
=	-0.916

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.363	/	4.350
	=	-31.33 %

Magellan Gold EBIT Related Terms

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Magellan Gold (Magellan Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magellan Gold Corp (OTCPK:MAGE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

602 Cedar Street, Suite 205, Wallace, ID, USA, 83873

Website

https://www.magellangoldcorp.com

Magellan Gold Corp is focused on the exploration and development of precious metals in North America. Magellan's flagship project is The Center Star Gold Mine in Idaho.

Executives

Frank Pastornia	officer: COO	C/O 500 MARQUETTE AVE., STE. 1200, ALBUQUERQUE NM 87102
John D Gibbs	10 percent owner	16 E STREET SOUTHWEST, ARDMORE OK 73402
Power John C /ca/	director, 10 percent owner, officer: President/Secretary
Dennis Bell	10 percent owner	47 LISLE ST., MT. CLAREMONT C3 6010
Michael Paul Martinez	officer: CFO/Secretary/Treasurer	13612 EMBUDO CT., NE, ALBUQUERQUE NM 87112
W Pierce Carson	officer: President of Gulf & Western In	7239 N EL MIRAGR ROAD, GLENDALE AZ 86307