Blast Resources (XCNQ:BLST) EBIT : C$-0.25 Mil (TTM As of Oct. 2023)

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What is Blast Resources EBIT?

Blast Resources's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was C$-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was C$-0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Blast Resources's annualized ROC % for the quarter that ended in Oct. 2023 was -319.15%. Blast Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -335.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Blast Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -23.22%.

Blast Resources EBIT Historical Data

The historical data trend for Blast 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.

Blast Resources EBIT Chart

Blast Resources Annual Data

Trend

Jan22

Jan23

EBIT

-0.09

Blast Resources Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
EBIT	Get a 7-Day Free Trial			-0.01	-0.06	-0.06	-0.05	-0.08

Competitive Comparison of Blast Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Blast 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.

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

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

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

Blast 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.25 Mil.

Blast Resources (XCNQ:BLST) EBIT Explanation

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

Blast Resources's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-0.3 * ( 1 - 0% )	/	( (0	+	0.188)	/ 2 )
=	-0.3	/	0.094
=	-319.15 %

where

	Invested Capital		(Q: Jul. 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	))
=	0.291	-	0.026	-	( 0.268	-	max(0, 0.026	-	0.291	+	0.268	))
=	0

	Invested Capital		(Q: Oct. 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	))
=	0.256	-	0.04	-	( 0.028	-	max(0, 0.04	-	0.095	+	0.028	))
=	0.188

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

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

Blast Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.3	/	( ( (0 + max(-0.009, 0))	+	(0.161 + max(0.018, 0)) )	/	2 )
=	-0.3	/	( ( 0	+	0.179 )	/	2 )
=	-0.3	/	0.0895
=	-335.20 %

where Working Capital is:

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.017)	-	(0.026	+	0	+	0)
=	-0.009

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.058)	-	(0.04	+	0	+	0)
=	0.018

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-0.245	/	1.055
	=	-23.22 %

Blast Resources EBIT Related Terms

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Blast Resources (XCNQ:BLST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blast Resources Inc (XCNQ:BLST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Hornby Street, No. 380, Vancouver, BC, CAN, V6C 3B6

Website

Blast Resources Inc is a mineral exploration company engaged in acquiring, exploring, and evaluating resource properties. The Company holds the option to earn a 100% interest in the Property located near Vernon, Utah, United States in central Tooele County, Utah, United States. The Company's objective is to explore and, if warranted, develop the Property. The Company will evaluate opportunities to acquire interests in additional exploration-stage mineral properties.

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