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NextSource Materials (TSX:NEXT) EBIT : C$-6.68 Mil (TTM As of Mar. 2024)


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What is NextSource Materials EBIT?

NextSource Materials's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-1.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-6.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NextSource Materials's annualized ROC % for the quarter that ended in Mar. 2024 was -12.81%. NextSource Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NextSource Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.22%.


NextSource Materials EBIT Historical Data

The historical data trend for NextSource Materials'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.

NextSource Materials EBIT Chart

NextSource Materials Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.27 -1.32 -51.27 20.66 -14.93

NextSource Materials Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only -2.08 -0.25 -2.98 -2.35 -1.11

Competitive Comparison of NextSource Materials's EBIT

For the Other Industrial Metals & Mining subindustry, NextSource Materials'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.


NextSource Materials's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



NextSource Materials 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-6.68 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.


NextSource Materials  (TSX:NEXT) EBIT Explanation

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

NextSource Materials's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-10.368 * ( 1 - 0% )/( (74.32 + 87.606)/ 2 )
=-10.368/80.963
=-12.81 %

where

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

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

NextSource Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.428/( ( (67.262 + max(-1.946, 0)) + (73.157 + max(-2.773, 0)) )/ 2 )
=-4.428/( ( 67.262 + 73.157 )/ 2 )
=-4.428/70.2095
=-6.31 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.758 + 1.059 + 3.147) - (2.183 + 0 + 4.727)
=-1.946

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.661 + 1.309 + 0.917) - (2.175 + 0 + 3.485)
=-2.773

When net working capital is negative, 0 is used.

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

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

NextSource Materials's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-6.676/127.917
=-5.22 %

* 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.


NextSource Materials EBIT Related Terms

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NextSource Materials (TSX:NEXT) Business Description

Traded in Other Exchanges
Address
130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2
NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.
Executives
Quentin Yarie Director