GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CanXGold Mining Corp (TSXV:CXG) » Definitions » EBIT

CanXGold Mining (TSXV:CXG) EBIT : C$-2.27 Mil (TTM As of May. 2023)


View and export this data going back to 2007. Start your Free Trial

What is CanXGold Mining EBIT?

CanXGold Mining's earnings before interest and taxes (EBIT) for the three months ended in May. 2023 was C$-0.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2023 was C$-2.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CanXGold Mining's annualized ROC % for the quarter that ended in May. 2023 was -7.76%. CanXGold Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2023 was -34.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CanXGold Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2023 was -105.19%.


CanXGold Mining EBIT Historical Data

The historical data trend for CanXGold 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.

CanXGold Mining EBIT Chart

CanXGold Mining Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.84 -2.64 -1.24 -1.48 -2.92

CanXGold Mining Quarterly Data
Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
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 -0.63 -0.98 -0.65 -0.34 -0.30

Competitive Comparison of CanXGold Mining's EBIT

For the Other Industrial Metals & Mining subindustry, CanXGold 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.


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

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

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



CanXGold 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 May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.27 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.


CanXGold Mining  (TSXV:CXG) EBIT Explanation

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

CanXGold Mining's annualized ROC % for the quarter that ended in May. 2023 is calculated as:

ROC % (Q: May. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2023 ) + Invested Capital (Q: May. 2023 ))/ count )
=-1.212 * ( 1 - 0% )/( (15.529 + 15.711)/ 2 )
=-1.212/15.62
=-7.76 %

where

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

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

CanXGold Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2023  Q: May. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.192/( ( (3.486 + max(-4.354, 0)) + (3.384 + max(-14.392, 0)) )/ 2 )
=-1.192/( ( 3.486 + 3.384 )/ 2 )
=-1.192/3.435
=-34.70 %

where Working Capital is:

Working Capital(Q: Feb. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.024 + 0 + 0.001) - (4.38 + 0 + -0.00099999999999945)
=-4.354

Working Capital(Q: May. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.026 + 0 + 0) - (4.479 + 0 + 9.939)
=-14.392

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: May. 2023 )
=-2.268/2.156
=-105.19 %

* 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.


CanXGold Mining EBIT Related Terms

Thank you for viewing the detailed overview of CanXGold Mining's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


CanXGold Mining (TSXV:CXG) Business Description

Traded in Other Exchanges
N/A
Address
888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4
CanXGold Mining Corp is a Canada-based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. All the company's mineral properties are in the exploration stages.
Executives
Stefan Bender Director

CanXGold Mining (TSXV:CXG) Headlines

No Headlines