South Star Battery Metals (TSXV:STS) EBIT : C$-4.35 Mil (TTM As of Sep. 2023)

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What is South Star Battery Metals EBIT?

South Star Battery Metals's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was C$-1.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was C$-4.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. South Star Battery Metals's annualized ROC % for the quarter that ended in Sep. 2023 was -30.74%. South Star Battery Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -30.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. South Star Battery Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -17.21%.

South Star Battery Metals EBIT Historical Data

The historical data trend for South Star Battery 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 Star Battery Metals EBIT Chart

South Star Battery Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-2.51

-1.93

-0.71

-2.20

-4.14

South Star Battery Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.83	-1.48	-0.86	-0.91	-1.11

Competitive Comparison of South Star Battery Metals's EBIT

For the Other Industrial Metals & Mining subindustry, South Star Battery 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 Star Battery Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

South Star Battery 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-4.35 Mil.

South Star Battery Metals (TSXV:STS) EBIT Explanation

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

South Star Battery Metals's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-5.592 * ( 1 - 0% )	/	( (16.553	+	19.835)	/ 2 )
=	-5.592	/	18.194
=	-30.74 %

where

	Invested Capital		(Q: Jun. 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	))
=	26.812	-	1.673	-	( 10.701	-	max(0, 2.293	-	10.879	+	10.701	))
=	16.553

	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	))
=	30.696	-	2.477	-	( 11.2	-	max(0, 3.095	-	11.479	+	11.2	))
=	19.835

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

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

South Star Battery Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.44	/	( ( (11.529 + max(-2.095, 0))	+	(17.217 + max(-2.801, 0)) )	/	2 )
=	-4.44	/	( ( 11.529	+	17.217 )	/	2 )
=	-4.44	/	14.373
=	-30.89 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.031	+	0	+	0.147)	-	(1.673	+	0	+	0.6)
=	-2.095

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.052	+	0	+	0.227)	-	(2.477	+	0	+	0.603)
=	-2.801

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-4.352	/	25.283
	=	-17.21 %

South Star Battery Metals EBIT Related Terms

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South Star Battery Metals (TSXV:STS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Star Battery Metals Corp (TSXV:STS) » Definitions » EBIT

Comparable Companies

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STSBF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.southstarbatterymetals.com

South Star Battery Metals Corp is focused on the acquisition and development of near-term mine-production projects, particularly battery minerals for clean energy. The company is currently developing the Santa Cruz Graphite Project in Bahia State, Brazil and also the Alabama Graphite Project in the USA.

Executives

Green Bow Capital Llc

Director

South Star Battery Metals (TSXV:STS) Headlines

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