Angel Wing Metals (TSXV:AWM) EBIT : C$-3.77 Mil (TTM As of Dec. 2023)

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What is Angel Wing Metals EBIT?

Angel Wing Metals's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-2.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-3.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Angel Wing Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -196.28%. Angel Wing Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -222.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Angel Wing Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -64.40%.

Angel Wing Metals EBIT Historical Data

The historical data trend for Angel Wing Metals'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.

Angel Wing Metals EBIT Chart

Angel Wing Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.20

-0.18

-1.97

-7.30

-3.77

Angel Wing Metals 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															-5.98	-0.18	-0.54	-0.23	-2.82

Competitive Comparison of Angel Wing Metals's EBIT

For the Other Precious Metals & Mining subindustry, Angel Wing Metals'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.

Angel Wing Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Angel Wing Metals's EV-to-EBIT falls into.

Angel Wing Metals 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 C$-3.77 Mil.

Angel Wing Metals (TSXV:AWM) EBIT Explanation

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

Angel Wing Metals'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 )
=	-11.288 * ( 1 - 0% )	/	( (10.791	+	0.711)	/ 2 )
=	-11.288	/	5.751
=	-196.28 %

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	))
=	13.725	-	0.278	-	( 2.903	-	max(0, 0.278	-	2.934	+	2.903	))
=	10.791

	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	))
=	2.95	-	0.199	-	( 2.214	-	max(0, 0.199	-	2.239	+	2.214	))
=	0.711

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

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

Angel Wing Metals'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 )
=	-11.288	/	( ( (10.146 + max(-0.247, 0))	+	(0.007 + max(-0.174, 0)) )	/	2 )
=	-11.288	/	( ( 10.146	+	0.007 )	/	2 )
=	-11.288	/	5.0765
=	-222.36 %

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)
=	(0.018	+	0	+	0.013)	-	(0.278	+	0	+	0)
=	-0.247

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.019	+	0	+	0.0059999999999998)	-	(0.199	+	0	+	0)
=	-0.174

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:

Angel Wing Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.772	/	5.857
	=	-64.40 %

Angel Wing Metals EBIT Related Terms

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Angel Wing Metals (TSXV:AWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Angel Wing Metals Inc (TSXV:AWM) » Definitions » EBIT

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HEXPF:USA

Address

82 Richmond Street East, Suite 1000, Toronto, ON, CAN, M5C 1P1

Website

https://www.angelwingmetals.com

Angel Wing Metals Inc is focused on the exploration and development of its portfolio of precious metals properties in Mexico and Canada. The company's flagship El Grande gold project covers approximately 550 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico, and demonstrates significant gold and silver mineralization. It also owns two early-stage gold exploration projects in Northwestern Ontario. The Winora Project is located near Lingman lake, 325 km north of Red Lake, and Quartz Lake Project which is located 50km east of the prolific Red Lake district. The Company operates in one industry segment, namely the exploration of mineral resources in two geographic regions, Canada and Mexico.

Executives

Mark Davis Santarossa

Director

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