Foremost Lithium Resource & Technology (XCNQ:FAT) EBIT : C$0.02 Mil (TTM As of Sep. 2023)

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What is Foremost Lithium Resource & Technology EBIT?

Foremost Lithium Resource & Technology's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was C$-1.84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was C$0.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Foremost Lithium Resource & Technology's annualized ROC % for the quarter that ended in Sep. 2023 was -51.61%. Foremost Lithium Resource & Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -56.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Foremost Lithium Resource & Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.10%.

Foremost Lithium Resource & Technology EBIT Historical Data

The historical data trend for Foremost Lithium Resource & Technology'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.

Foremost Lithium Resource & Technology EBIT Chart

Foremost Lithium Resource & Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-2.65

-2.16

-2.41

-4.04

1.06

Foremost Lithium Resource & Technology 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															-0.88	2.18	0.27	-0.58	-1.84

Competitive Comparison of Foremost Lithium Resource & Technology's EBIT

For the Chemicals subindustry, Foremost Lithium Resource & Technology'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.

Foremost Lithium Resource & Technology's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Foremost Lithium Resource & Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Foremost Lithium Resource & Technology's EV-to-EBIT falls into.

Foremost Lithium Resource & Technology 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$0.02 Mil.

Foremost Lithium Resource & Technology (XCNQ:FAT) EBIT Explanation

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

Foremost Lithium Resource & Technology'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 )
=	-7.376 * ( 1 - 0% )	/	( (14.11	+	14.472)	/ 2 )
=	-7.376	/	14.291
=	-51.61 %

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	))
=	13.111	-	1.848	-	( 0.045	-	max(0, 3.13	-	0.283	+	0.045	))
=	14.11

	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	))
=	15.965	-	0.667	-	( 2.38	-	max(0, 1.913	-	2.739	+	2.38	))
=	14.472

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

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

Foremost Lithium Resource & Technology'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 )
=	-7.376	/	( ( (12.802 + max(-1.777, 0))	+	(13.204 + max(-0.36, 0)) )	/	2 )
=	-7.376	/	( ( 12.802	+	13.204 )	/	2 )
=	-7.376	/	13.003
=	-56.73 %

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	+	0.071)	-	(1.848	+	0	+	0)
=	-1.777

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.307)	-	(0.667	+	0	+	0)
=	-0.36

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:

Foremost Lithium Resource & Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	0.019	/	18.397
	=	0.10 %

Foremost Lithium Resource & Technology EBIT Related Terms

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Foremost Lithium Resource & Technology (XCNQ:FAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Foremost Lithium Resource & Technology Ltd (XCNQ:FAT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FMST:USA F0R:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.foremostlithium.com

Foremost Lithium Resource & Technology Ltd is a hard-rock exploration company strategically located to capitalize on the growing EV appetite and is committed to being a supplier of North America's lithium feedstock. As the transition towards decarbonization, the company is focused on the exploration and growth of its five Lithium Lane Projects in Snow Lake Manitoba. It also has the Winston Gold/Silver Property in New Mexico, USA.

Executives

Sead Hamzagic

Senior Officer