Westhaven Gold (TSXV:WHN) EBIT : C$-1.49 Mil (TTM As of Sep. 2023)

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What is Westhaven Gold EBIT?

Westhaven Gold's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was C$-0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was C$-1.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Westhaven Gold's annualized ROC % for the quarter that ended in Sep. 2023 was -5.14%. Westhaven Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -5.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Westhaven Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -4.33%.

Westhaven Gold EBIT Historical Data

The historical data trend for Westhaven Gold'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.

Westhaven Gold EBIT Chart

Westhaven Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-2.98

-1.66

-0.93

-2.04

-1.23

Westhaven Gold 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															-0.54	0.31	-1.05	-0.38	-0.36

Competitive Comparison of Westhaven Gold's EBIT

For the Gold subindustry, Westhaven Gold'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.

Westhaven Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Westhaven Gold 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$-1.49 Mil.

Westhaven Gold (TSXV:WHN) EBIT Explanation

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

Westhaven Gold'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 )
=	-1.556 * ( 1 - 0% )	/	( (29.101	+	31.49)	/ 2 )
=	-1.556	/	30.2955
=	-5.14 %

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	))
=	34.037	-	0.446	-	( 4.49	-	max(0, 1.078	-	6.773	+	4.49	))
=	29.101

	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	))
=	33.618	-	0.448	-	( 1.68	-	max(0, 1.083	-	3.981	+	1.68	))
=	31.49

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

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

Westhaven Gold'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 )
=	-1.456	/	( ( (27.091 + max(-0.891, 0))	+	(29.454 + max(-0.903, 0)) )	/	2 )
=	-1.456	/	( ( 27.091	+	29.454 )	/	2 )
=	-1.456	/	28.2725
=	-5.15 %

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	+	0	+	0.040999999999999)	-	(0.446	+	0	+	0.486)
=	-0.891

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.032)	-	(0.448	+	0	+	0.487)
=	-0.903

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:

Westhaven Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-1.485	/	34.259
	=	-4.33 %

Westhaven Gold EBIT Related Terms

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Westhaven Gold (TSXV:WHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westhaven Gold Corp (TSXV:WHN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WTHVF:USA 1W5:Germany

Address

1056-409 Granville Street, Vancouver, BC, CAN, V6C 1T2

Website

https://www.westhavengold.com

Westhaven Gold Corp is a Canada based exploration company. It is engaged the acquisition and exploration and evaluation activities. The company's properties include the Shovelnose gold property, Prospect valley gold property, Skoonka creek property and Skoonka north gold property.

Executives

Shaun Pollard

10% Security Holder, Director, Senior Officer

Westhaven Gold (TSXV:WHN) Headlines

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