Sokoman Minerals (TSXV:SIC) EBIT : C$-6.58 Mil (TTM As of Mar. 2024)

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

What is Sokoman Minerals EBIT?

Sokoman Minerals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-6.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sokoman Minerals's annualized ROC % for the quarter that ended in Mar. 2024 was -59.80%. Sokoman Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -275.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sokoman Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -86.75%.

Sokoman Minerals EBIT Historical Data

The historical data trend for Sokoman Minerals'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.

Sokoman Minerals EBIT Chart

Sokoman Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

-3.42

-2.33

-3.99

-12.14

-9.98

Sokoman Minerals 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															-1.89	-2.04	-2.16	-1.60	-0.78

Competitive Comparison of Sokoman Minerals's EBIT

For the Gold subindustry, Sokoman Minerals'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.

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

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

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

Sokoman Minerals 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$-6.58 Mil.

Sokoman Minerals (TSXV:SIC) EBIT Explanation

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

Sokoman Minerals'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 )
=	-3.108 * ( 1 - 0% )	/	( (5.264	+	5.131)	/ 2 )
=	-3.108	/	5.1975
=	-59.80 %

where

	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	))
=	10.257	-	0.181	-	( 4.812	-	max(0, 0.181	-	5.123	+	4.812	))
=	5.264

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	9.165	-	0.347	-	( 3.882	-	max(0, 0.347	-	4.034	+	3.882	))
=	5.131

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

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

Sokoman Minerals'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 )
=	-3.108	/	( ( (1.125 + max(-0.096, 0))	+	(1.13 + max(-0.281, 0)) )	/	2 )
=	-3.108	/	( ( 1.125	+	1.13 )	/	2 )
=	-3.108	/	1.1275
=	-275.65 %

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)
=	(0.02	+	0	+	0.065)	-	(0.181	+	0	+	0)
=	-0.096

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.003	+	0	+	0.063)	-	(0.347	+	0	+	0)
=	-0.281

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:

Sokoman Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-6.578	/	7.583
	=	-86.75 %

Sokoman Minerals EBIT Related Terms

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

Sokoman Minerals (TSXV:SIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sokoman Minerals Corp (TSXV:SIC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SICNF:USA 3PJ1:Germany

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, advanced-stage Moosehead, Crippleback Lake, and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in north-central Newfoundland that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland.

Executives