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CMC Metals (CMC Metals) EBIT

: $-1.66 Mil (TTM As of Dec. 2023)
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CMC Metals's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $0.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CMC Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -470.79%. CMC Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,870.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CMC Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -44.05%.


CMC Metals EBIT Historical Data

The historical data trend for CMC 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.

CMC Metals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.30 -0.72 -2.40 -3.19 -2.55

CMC Metals 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 -0.31 -0.64 -0.64 -0.97 0.59

Competitive Comparison

For the Other Precious Metals & Mining subindustry, CMC 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.


CMC Metals EV-to-EBIT Distribution

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

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



CMC 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.66 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.


CMC Metals  (OTCPK:CMCXF) EBIT Explanation

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

CMC Metals'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 )
=-2.7 * ( 1 - 0% )/( (0.799 + 0.348)/ 2 )
=-2.7/0.5735
=-470.79 %

where

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

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

CMC Metals'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 )
=2.376/( ( (0.122 + max(-0.568, 0)) + (0.132 + max(-0.14, 0)) )/ 2 )
=2.376/( ( 0.122 + 0.132 )/ 2 )
=2.376/0.127
=1,870.87 %

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)
=(0.032 + 0 + 0.096) - (0.327 + 0 + 0.369)
=-0.568

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.072) - (0.191 + 0 + 0.021)
=-0.14

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-1.655/3.757
=-44.05 %

* 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.


CMC Metals EBIT Related Terms

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CMC Metals (CMC Metals) Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2
CMC Metals Ltd is a Canadian-based exploration company. It is engaged in the acquisition and exploration of mineral properties in Canada and the United States of America. Its project portfolio includes Silver Hart Property; Blue Heaven; Rancheria; Silverknife Property; Bridal Veil; Terra Nova; Logjam and Bishop Mill.