Galore Resources (TSXV:GRI) EBIT : C$-0.33 Mil (TTM As of Dec. 2023)

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What is Galore Resources EBIT?

Galore Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Galore Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -4.62%. Galore Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Galore Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -19.31%.

Galore Resources EBIT Historical Data

The historical data trend for Galore Resources'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.

Galore Resources EBIT Chart

Galore Resources Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

EBIT

Get a 7-Day Free Trial

-0.68

-0.63

-0.52

-0.23

-0.57

Galore Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.46	-0.10	-0.05	-0.23	-0.05

Competitive Comparison of Galore Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Galore Resources'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.

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

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

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

Galore Resources 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$-0.33 Mil.

Galore Resources (TSXV:GRI) EBIT Explanation

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

Galore Resources'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 )
=	-0.5 * ( 1 - 0% )	/	( (10.985	+	10.666)	/ 2 )
=	-0.5	/	10.8255
=	-4.62 %

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	))
=	10.089	-	6.638	-	( 0.006	-	max(0, 7.543	-	0.009	+	0.006	))
=	10.985

	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	))
=	10.597	-	8.133	-	( 0.001	-	max(0, 8.206	-	0.004	+	0.001	))
=	10.666

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

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

Galore Resources'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 )
=	-0.188	/	( ( (10.08 + max(-6.634, 0))	+	(10.593 + max(-8.13, 0)) )	/	2 )
=	-0.188	/	( ( 10.08	+	10.593 )	/	2 )
=	-0.188	/	10.3365
=	-1.82 %

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	+	0	+	0.003)	-	(6.638	+	0	+	-0.00099999999999945)
=	-6.634

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.003	+	0	+	0)	-	(8.133	+	0	+	0)
=	-8.13

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:

Galore Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.334	/	1.730
	=	-19.31 %

Galore Resources EBIT Related Terms

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Galore Resources (TSXV:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galore Resources Inc (TSXV:GRI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GALOF:USA

Address

1125 Howe Street, Suite 1400, Vancouver, BC, CAN, V6Z 2K8

Website

https://www.galoreresources.com

Galore Resources Inc is a junior mineral exploration company. The company is engaged in the acquisition and exploration of mineral property interests in North America. The company holds an interest in the Dos Santos project located in northern Zacatecas State, Mexico.

Executives

Charles Troup

Director