MGX Minerals (MGX Minerals) EBIT : $-14.26 Mil (TTM As of Apr. 2021)

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What is MGX Minerals EBIT?

MGX Minerals's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2021 was $-0.72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2021 was $-14.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MGX Minerals's annualized ROC % for the quarter that ended in Apr. 2021 was -12.60%. MGX Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2021 was -44.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

MGX Minerals EBIT Historical Data

The historical data trend for MGX Minerals'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.

MGX Minerals EBIT Chart

MGX Minerals Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

EBIT

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-1.79

-10.96

-18.59

-20.77

-18.36

MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
EBIT	Get a 7-Day Free Trial															-3.01	-14.12	-0.93	1.52	-0.72

Competitive Comparison of MGX Minerals's EBIT

For the Other Industrial Metals & Mining subindustry, MGX Minerals'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.

MGX Minerals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

MGX Minerals 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 Apr. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-14.26 Mil.

MGX Minerals (OTCPK:MGXMF) EBIT Explanation

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

MGX Minerals's annualized ROC % for the quarter that ended in Apr. 2021 is calculated as:

	ROC % (Q: Apr. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2021 )	+	Invested Capital (Q: Apr. 2021 ))	/ count )
=	-1.168 * ( 1 - 0% )	/	( (9.499	+	9.041)	/ 2 )
=	-1.168	/	9.27
=	-12.60 %

where

	Invested Capital		(Q: Jan. 2021 )
=	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	))
=	9.782	-	9.585	-	( 0.003	-	max(0, 10.104	-	0.802	+	0.003	))
=	9.499

	Invested Capital		(Q: Apr. 2021 )
=	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	))
=	9.218	-	9.655	-	( 0.01	-	max(0, 10.27	-	0.792	+	0.01	))
=	9.041

Note: The Operating Income data used here is four times the quarterly (Apr. 2021) data.

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

MGX Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2021		Q: Apr. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.88	/	( ( (6.36 + max(-8.786, 0))	+	(6.51 + max(-3.511, 0)) )	/	2 )
=	-2.88	/	( ( 6.36	+	6.51 )	/	2 )
=	-2.88	/	6.435
=	-44.76 %

where Working Capital is:

	Working Capital		(Q: Jan. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.799)	-	(9.585	+	0	+	-1.7763568394003E-15)
=	-8.786

	Working Capital		(Q: Apr. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.782)	-	(9.655	+	0	+	-5.362)
=	-3.511

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2021) EBIT data.

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

MGX Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2021 )
	=	-14.257	/	0.000
	=	%

MGX Minerals EBIT Related Terms

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MGX Minerals (MGX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MGX Minerals Inc (OTCPK:MGXMF) » Definitions » EBIT

Comparable Companies

XCNQ:STGX TSXV:SILV TSXV:LMS TSXV:PX TSXV:ABZ TSXV:EGM TSXV:GTC TSXV:FUSE TSXV:SYG TSXV:IZN

Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.