Magna Gold (Magna Gold) EBIT : $-17.94 Mil (TTM As of Sep. 2022)

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What is Magna Gold EBIT?

Magna Gold's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-8.41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-17.94 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Magna Gold's annualized ROC % for the quarter that ended in Sep. 2022 was -47.70%. Magna Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -55.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Magna Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -237.31%.

Magna Gold EBIT Historical Data

The historical data trend for Magna 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.

Magna Gold EBIT Chart

Magna Gold Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

EBIT

-0.67

-2.18

6.79

Magna Gold Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial														5.74	1.88	-4.02	-7.40	-8.41

Competitive Comparison of Magna Gold's EBIT

For the Gold subindustry, Magna 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.

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

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

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

Magna 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.94 Mil.

Magna Gold (OTCPK:MGLQF) EBIT Explanation

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

Magna Gold's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-33.528 * ( 1 - 0.28% )	/	( (72.931	+	67.253)	/ 2 )
=	-33.4341216	/	70.092
=	-47.70 %

where

	Invested Capital		(Q: Jun. 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	))
=	88.787	-	52.449	-	( 1.368	-	max(0, 60.48	-	23.887	+	1.368	))
=	72.931

	Invested Capital		(Q: Sep. 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	))
=	77.522	-	55.66	-	( 0.094	-	max(0, 65.28	-	19.889	+	0.094	))
=	67.253

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Magna Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-33.632	/	( ( (63.704 + max(-46.649, 0))	+	(56.491 + max(-48.985, 0)) )	/	2 )
=	-33.632	/	( ( 63.704	+	56.491 )	/	2 )
=	-33.632	/	60.0975
=	-55.96 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.315	+	11.484	+	1.234)	-	(52.449	+	7.233	+	0)
=	-46.649

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	8.759	+	0.576)	-	(55.66	+	2.658	+	0.0020000000000095)
=	-48.985

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-17.941	/	7.560
	=	-237.31 %

Magna Gold EBIT Related Terms

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Magna Gold (Magna Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Gold Corp (OTCPK:MGLQF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.magnagoldcorp.com

Magna Gold Corp is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima, Mercedes, and others. The majority of its revenue comes from sales of Gold.