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McFarlane Lake Mining (McFarlane Lake Mining) EBIT : $-3.16 Mil (TTM As of Feb. 2024)


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What is McFarlane Lake Mining EBIT?

McFarlane Lake Mining's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $-1.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $-3.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. McFarlane Lake Mining's annualized ROC % for the quarter that ended in Feb. 2024 was -1,241.24%. McFarlane Lake Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. McFarlane Lake Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -75.09%.


McFarlane Lake Mining EBIT Historical Data

The historical data trend for McFarlane Lake Mining'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.

McFarlane Lake Mining EBIT Chart

McFarlane Lake Mining Annual Data
Trend Aug22 Aug23
EBIT
-8.43 -3.46

McFarlane Lake Mining Quarterly Data
Jun21 Sep21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1.22 -0.94 -0.37 -0.64 -1.22

Competitive Comparison of McFarlane Lake Mining's EBIT

For the Gold subindustry, McFarlane Lake Mining'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.


McFarlane Lake Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where McFarlane Lake Mining's EV-to-EBIT falls into.



McFarlane Lake Mining 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.16 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.


McFarlane Lake Mining  (OTCPK:MLMLF) EBIT Explanation

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

McFarlane Lake Mining's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=-7.224 * ( 1 - 0% )/( (0.868 + 0.296)/ 2 )
=-7.224/0.582
=-1,241.24 %

where

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

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

McFarlane Lake Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.88/( ( (0 + max(-1.152, 0)) + (0 + max(-0.767, 0)) )/ 2 )
=-4.88/( ( 0 + 0 )/ 2 )
=-4.88/0
= %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.165) - (0.591 + 0 + 0.726)
=-1.152

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.213) - (0.828 + 0 + 0.152)
=-0.767

When net working capital is negative, 0 is used.

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

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

McFarlane Lake Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=-3.162/4.211
=-75.09 %

* 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.


McFarlane Lake Mining EBIT Related Terms

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McFarlane Lake Mining (McFarlane Lake Mining) Business Description

Traded in Other Exchanges
Address
15 Kincora Court, Sudbury, ON, CAN, P3E 2B9
McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro, and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.