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South Pacific Metals (TSXV:SPMC) EBIT : C$-2.18 Mil (TTM As of Mar. 2024)


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What is South Pacific Metals EBIT?

South Pacific Metals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-2.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. South Pacific Metals's annualized ROC % for the quarter that ended in Mar. 2024 was -6.11%. South Pacific Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -17.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. South Pacific Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -9.58%.


South Pacific Metals EBIT Historical Data

The historical data trend for South Pacific 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.

South Pacific Metals EBIT Chart

South Pacific Metals Annual Data
Trend Nov20 Dec22 Dec23
EBIT
-0.30 -2.02 -2.02

South Pacific Metals Quarterly Data
Feb20 Jun20 Nov20 Feb21 Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.43 -0.42 -0.61 -0.57 -0.57

Competitive Comparison of South Pacific Metals's EBIT

For the Gold subindustry, South Pacific 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.


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

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

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



South Pacific 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.18 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.


South Pacific Metals  (TSXV:SPMC) EBIT Explanation

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

South Pacific Metals'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 )
=-0.852 * ( 1 - 0% )/( (14.114 + 13.786)/ 2 )
=-0.852/13.95
=-6.11 %

where

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

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

South Pacific Metals'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 )
=-2.296/( ( (12.969 + max(-1.999, 0)) + (13.437 + max(-1.734, 0)) )/ 2 )
=-2.296/( ( 12.969 + 13.437 )/ 2 )
=-2.296/13.203
=-17.39 %

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)
=(0.099 + 0 + 0.042) - (2.14 + 0 + -4.4408920985006E-16)
=-1.999

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.077 + 0 + 0.023) - (1.834 + 0 + 0)
=-1.734

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-2.18/22.754
=-9.58 %

* 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.


South Pacific Metals EBIT Related Terms

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South Pacific Metals (TSXV:SPMC) Business Description

Traded in Other Exchanges
Address
550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3
Kainantu Resources Ltd is an Asia-Pacific-focused gold mining company engaged in the acquisition, exploration and development of exploration and evaluation assets in PNG. Its projects are KRL North and South and May River project. It has one operating segment which is the acquisition, exploration and development of exploration and evaluation assets in PNG.

South Pacific Metals (TSXV:SPMC) Headlines

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