Montego Resources (XCNQ:MY) EBIT

: C$-0.66 Mil (TTM As of Dec. 2023)

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Montego Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Montego Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -19.08%. Montego Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -30.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Montego Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.43%.

Montego Resources EBIT Historical Data

The historical data trend for Montego Resources'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.

Montego Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

-3.41

-0.54

-0.18

-0.32

-0.59

Montego Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																-0.04	-0.08	-0.43	-0.04	-0.11

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Montego Resources'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.

Montego Resources EV-to-EBIT Distribution

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

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

Montego Resources 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 C$-0.66 Mil.

Montego Resources (XCNQ:MY) EBIT Explanation

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

Montego Resources'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 )
=	-0.452 * ( 1 - 0% )	/	( (2.364	+	2.373)	/ 2 )
=	-0.452	/	2.3685
=	-19.08 %

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	))
=	2.209	-	0.89	-	( 0.707	-	max(0, 1.757	-	0.712	+	0.707	))
=	2.364

	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	))
=	2.031	-	0.824	-	( 0.526	-	max(0, 1.697	-	0.531	+	0.526	))
=	2.373

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

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

Montego Resources'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 )
=	-0.452	/	( ( (1.497 + max(-0.885, 0))	+	(1.5 + max(-0.819, 0)) )	/	2 )
=	-0.452	/	( ( 1.497	+	1.5 )	/	2 )
=	-0.452	/	1.4985
=	-30.16 %

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)
=	(0.005	+	0	+	0)	-	(0.89	+	0	+	-2.2204460492503E-16)
=	-0.885

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.006	+	0	+	-0.001)	-	(0.824	+	0	+	0)
=	-0.819

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:

Montego Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.662	/	4.028
	=	-16.43 %

Montego Resources EBIT Related Terms

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Montego Resources (XCNQ:MY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Montego Resources Inc (XCNQ:MY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

4MO:Germany

Address

400-837 West Hastings Street, Vancouver, BC, CAN, V6C 3N6

Website

https://www.montegoresources.ca

Montego Resources Inc is a junior mineral exploration company engaged in the business of acquiring, exploring, and evaluating natural resource properties. It is currently focused on conducting an exploration program on the Taylor Silver Property, Orogrande Gold Project, and the Black Dog Property.

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