Canstar Resources (TSXV:ROX) EBIT : C$-5.85 Mil (TTM As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Canstar Resources EBIT?

Canstar Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-5.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canstar Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -9,600.00%. Canstar Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9,324.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canstar Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -110.51%.

Canstar Resources EBIT Historical Data

The historical data trend for Canstar 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.

Canstar Resources EBIT Chart

Canstar Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

-1.40

-0.14

-1.43

-5.65

-5.55

Canstar Resources 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															-2.91	-0.17	-4.96	-0.38	-0.34

Competitive Comparison of Canstar Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Canstar 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.

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

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

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

Canstar 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$-5.85 Mil.

Canstar Resources (TSXV:ROX) EBIT Explanation

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

Canstar 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 )
=	-1.392 * ( 1 - 0% )	/	( (0.015	+	0.014)	/ 2 )
=	-1.392	/	0.0145
=	-9,600.00 %

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	))
=	0.698	-	0.163	-	( 0.619	-	max(0, 0.163	-	0.683	+	0.619	))
=	0.015

	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	))
=	0.397	-	0.155	-	( 0.336	-	max(0, 0.155	-	0.383	+	0.336	))
=	0.014

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

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

Canstar 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 )
=	-1.352	/	( ( (0.015 + max(-0.127, 0))	+	(0.014 + max(-0.136, 0)) )	/	2 )
=	-1.352	/	( ( 0.015	+	0.014 )	/	2 )
=	-1.352	/	0.0145
=	-9,324.14 %

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)
=	(0.036	+	0	+	0)	-	(0.163	+	0	+	0)
=	-0.127

	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)	-	(0.155	+	0	+	0)
=	-0.136

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-5.846	/	5.290
	=	-110.51 %

Canstar Resources EBIT Related Terms

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

Canstar Resources (TSXV:ROX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CSRNF:USA

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.canstarresources.com

Canstar Resources Inc is focused on creating shareholder value through the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. The company has an option to acquire a 100% interest in the Golden Baie Project in south-central Newfoundland, a claim package with recently discovered, multiple outcropping gold occurrences on a structural trend. It also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland.