CEGMF (Cerro Grande Mining) EBIT: $-0.10 Mil (TTM As of Jun. 2024)


What is Cerro Grande Mining EBIT?

Cerro Grande Mining CEGMF EBIT is $-0.10 Mil as of Jun. 2024.

Cerro Grande Mining's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cerro Grande Mining's annualized ROC % for the quarter that ended in Jun. 2024 was -9.72%. Cerro Grande Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cerro Grande Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -2.12%.

Cerro Grande Mining  (OTCPK:CEGMF) EBIT Explanation

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

Cerro Grande Mining's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-0.14 * ( 1 - 0% )/( (1.439 + 1.443)/ 2 )
=-0.14/1.441
=-9.72 %

where

Invested Capital(Q: Mar. 2024 )
=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))
=1.245 - 2.745 - ( 0.003 - max(0, 3.031 - 0.092+0.003))
=1.439

Invested Capital(Q: Jun. 2024 )
=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))
=1.244 - 2.779 - ( 0.004 - max(0, 3.069 - 0.091+0.004))
=1.443

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Cerro Grande Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.14/( ( (0 + max(-2.663, 0)) + (0 + max(-2.697, 0)) )/ 2 )
=-0.14/( ( 0 + 0 )/ 2 )
=-0.14/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.082 + 0 + 0) - (2.745 + 0 + 0)
=-2.663

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.082 + 0 + 0) - (2.779 + 0 + 0)
=-2.697

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-0.099/4.678
=-2.12 %

* 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.

Cerro Grande Mining EBIT Related Terms

Cerro Grande Mining EBIT Historical Data

* Premium members only.

The historical data trend for Cerro Grande 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.

Cerro Grande Mining EBIT Chart

Cerro Grande Mining 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 -0.98 -1.67 -0.77 -0.04 -0.30

Cerro Grande Mining Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -0.05 0.04 -0.07 -0.04 -0.04

CEGMF vs NRHI, ENRT, LBRMF: EBIT Comparison

For the Other Industrial Metals & Mining subindustry, Cerro Grande 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.

Cerro Grande Mining EV-to-EBIT vs Metals & Mining Industry

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

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


Cerro Grande 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.10 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-0.10 Mil mean?
Cerro Grande Mining (CEGMF) has a EBIT of $-0.10 Mil as of Jun. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cerro Grande Mining.
Is Cerro Grande Mining's EBIT too high?
Cerro Grande Mining's current EBIT is $-0.10 Mil.
How does Cerro Grande Mining's EBIT compare to NRHI and ENRT?
Cerro Grande Mining's EBIT of $-0.10 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cerro Grande Mining. Cerro Grande Mining's current EBIT is $-0.10 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cerro Grande Mining stock overvalued right now?
Cerro Grande Mining (CEGMF) has a current EBIT of $-0.10 Mil. The current EBIT is $-0.10 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Cerro Grande Mining (CEGMF), the current EBIT is $-0.10 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cerro Grande Mining Business Description

Address Avenida Santa Maria 2224, Providencia, Santiago, CHL
Cerro Grande Mining Corp is a Canada-based exploration company. The business activity of the group is operated in one reportable operating segment, being the acquisition, exploration, and development of mineral properties. It explores new gold, copper, and industrial mineral properties in central Chile. The company holds an interest in Pimenton Copper Gold Mining Project.