Slam Exploration (Slam Exploration) EBIT : $-0.49 Mil (TTM As of Oct. 2023)

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What is Slam Exploration EBIT?

Slam Exploration's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was $-0.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was $-0.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Slam Exploration's annualized ROC % for the quarter that ended in Oct. 2023 was -53.46%. Slam Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -68.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Slam Exploration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -37.78%.

Slam Exploration EBIT Historical Data

The historical data trend for Slam Exploration'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.

Slam Exploration EBIT Chart

Slam Exploration Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

EBIT

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-0.22

-0.38

0.07

-0.02

-0.22

Slam Exploration Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
EBIT	Get a 7-Day Free Trial															-0.05	-0.13	-0.13	-0.06	-0.18

Competitive Comparison of Slam Exploration's EBIT

For the Gold subindustry, Slam Exploration'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.

Slam Exploration's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Slam Exploration 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.49 Mil.

Slam Exploration (OTCPK:SLMXF) EBIT Explanation

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

Slam Exploration's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-0.58 * ( 1 - 0% )	/	( (1.083	+	1.087)	/ 2 )
=	-0.58	/	1.085
=	-53.46 %

where

	Invested Capital		(Q: Jul. 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	))
=	1.267	-	0.352	-	( 0.147	-	max(0, 0.405	-	0.237	+	0.147	))
=	1.083

	Invested Capital		(Q: Oct. 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	))
=	1.168	-	0.371	-	( 0.074	-	max(0, 0.422	-	0.132	+	0.074	))
=	1.087

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

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

Slam Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.704	/	( ( (1.031 + max(-0.276, 0))	+	(1.036 + max(-0.32, 0)) )	/	2 )
=	-0.704	/	( ( 1.031	+	1.036 )	/	2 )
=	-0.704	/	1.0335
=	-68.12 %

where Working Capital is:

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.002	+	0	+	0.074)	-	(0.352	+	0	+	5.5511151231258E-17)
=	-0.276

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.002	+	0	+	0.049)	-	(0.371	+	0	+	0)
=	-0.32

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

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

Slam Exploration's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-0.493	/	1.305
	=	-37.78 %

Slam Exploration EBIT Related Terms

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Slam Exploration (Slam Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Slam Exploration Ltd (OTCPK:SLMXF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SXL:Canada

Address

295 Hutchison Drive, Miramichi, NB, CAN, E1V 6C7

Website

https://www.slamexploration.com

Slam Exploration Ltd is a mineral resource company. Principally, it is engaged in the acquisition, exploration, and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. Some of the company's properties are Menneval Gold Project, Mt. Victor Property, and others.