Copper Mountain Mining (Copper Mountain Mining) EBIT : $-29.6 Mil (TTM As of Mar. 2023)

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What is Copper Mountain Mining EBIT?

Copper Mountain Mining's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $3.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-29.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Copper Mountain Mining's annualized ROC % for the quarter that ended in Mar. 2023 was 49.95%. Copper Mountain Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 2.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Copper Mountain Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -5.34%.

Copper Mountain Mining EBIT Historical Data

The historical data trend for Copper Mountain Mining'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.

Copper Mountain Mining EBIT Chart

Copper Mountain Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-8.53

-18.44

73.49

217.74

-28.11

Copper Mountain Mining Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial															4.08	-0.21	-22.42	-10.70	3.74

Competitive Comparison of Copper Mountain Mining's EBIT

For the Copper subindustry, Copper Mountain Mining'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.

Copper Mountain Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Copper Mountain Mining's EV-to-EBIT falls into.

Copper Mountain Mining 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.6 Mil.

Copper Mountain Mining (OTCPK:CPPMF) EBIT Explanation

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

Copper Mountain Mining's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	38.736 * ( 1 - -764.24% )	/	( (705.063	+	635.439)	/ 2 )
=	334.7720064	/	670.251
=	49.95 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	809.692	-	85.059	-	( 62.978	-	max(0, 192.67	-	212.24	+	62.978	))
=	705.063

	Invested Capital		(Q: Mar. 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	))
=	723.902	-	68.636	-	( 40.483	-	max(0, 90.003	-	109.83	+	40.483	))
=	635.439

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

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

Copper Mountain Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14.948	/	( ( (547.992 + max(59.837, 0))	+	(565.628 + max(-3.367, 0)) )	/	2 )
=	14.948	/	( ( 607.829	+	565.628 )	/	2 )
=	14.948	/	586.7285
=	2.55 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.555	+	28.302	+	99.824)	-	(85.059	+	0.785	+	0)
=	59.837

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.463	+	31.139	+	15.904)	-	(68.636	+	1.043	+	0.194)
=	-3.367

When net working capital is negative, 0 is used.

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

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

Copper Mountain Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-29.591	/	553.763
	=	-5.34 %

Copper Mountain Mining EBIT Related Terms

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Copper Mountain Mining (Copper Mountain Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Mountain Mining Corp (OTCPK:CPPMF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 West Pender Street, Suite 1700, Vancouver, BC, CAN, V6C 1G8

Website

https://www.CuMtn.com.

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia. The Company is engaged in mining, exploration and development of mineral properties, and has an operating mine in Canada.