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Argonaut Gold (Argonaut Gold) EBIT : $40.6 Mil (TTM As of Dec. 2023)


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What is Argonaut Gold EBIT?

Argonaut Gold's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $25.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $40.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Argonaut Gold's annualized ROC % for the quarter that ended in Dec. 2023 was -1.59%. Argonaut Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Argonaut Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.44%.


Argonaut Gold EBIT Historical Data

The historical data trend for Argonaut 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.

Argonaut Gold EBIT Chart

Argonaut Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -107.84 41.97 44.25 -141.16 39.81

Argonaut Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -177.80 -8.08 22.33 0.88 25.42

Competitive Comparison of Argonaut Gold's EBIT

For the Gold subindustry, Argonaut 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.


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

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

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



Argonaut 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $40.6 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.


Argonaut Gold  (OTCPK:ARNGF) EBIT Explanation

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

Argonaut Gold's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-13.968 * ( 1 - -58.51% )/( (1357.047 + 1428.919)/ 2 )
=-22.1406768/1392.983
=-1.59 %

where

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))
=1436.842 - 86.684 - ( 44.866 - max(0, 195.656 - 188.767+44.866))
=1357.047

Invested Capital(Q: Dec. 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))
=1579.677 - 92.527 - ( 83.785 - max(0, 184.443 - 242.674+83.785))
=1428.919

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

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

Argonaut Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=101.692/( ( (1235.84 + max(13.256, 0)) + (1315.727 + max(19.052, 0)) )/ 2 )
=101.692/( ( 1249.096 + 1334.779 )/ 2 )
=101.692/1291.9375
=7.87 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.657 + 109.87 + 17.374) - (86.684 + 22.275 + 21.686)
=13.256

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.694 + 123.068 + 17.082) - (92.527 + 20.452 + 9.813)
=19.052

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=40.551/629.351
=6.44 %

* 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.


Argonaut Gold EBIT Related Terms

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Argonaut Gold (Argonaut Gold) Business Description

Traded in Other Exchanges
Address
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

Argonaut Gold (Argonaut Gold) Headlines