California Gold Mining (California Gold Mining) EBIT : $-4.38 Mil (TTM As of May. 2021)

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What is California Gold Mining EBIT?

California Gold Mining's earnings before interest and taxes (EBIT) for the three months ended in May. 2021 was $-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2021 was $-4.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. California Gold Mining's annualized ROC % for the quarter that ended in May. 2021 was -18.69%. California Gold Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2021 was -19.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. California Gold Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2021 was -48.74%.

California Gold Mining EBIT Historical Data

The historical data trend for California Gold 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.

California Gold Mining EBIT Chart

California Gold Mining Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

EBIT

Get a 7-Day Free Trial

-5.21

-1.57

-3.10

-2.53

-4.44

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
EBIT	Get a 7-Day Free Trial															-0.27	-3.68	-0.23	-0.22	-0.24

Competitive Comparison of California Gold Mining's EBIT

For the Gold subindustry, California Gold 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.

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

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

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

California Gold 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 May. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.38 Mil.

California Gold Mining (OTCPK:CFGMF) EBIT Explanation

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

California Gold Mining's annualized ROC % for the quarter that ended in May. 2021 is calculated as:

	ROC % (Q: May. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2021 )	+	Invested Capital (Q: May. 2021 ))	/ count )
=	-1.496 * ( 1 - 0% )	/	( (7.974	+	8.037)	/ 2 )
=	-1.496	/	8.0055
=	-18.69 %

where

	Invested Capital		(Q: Feb. 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	))
=	5.75	-	2.125	-	( 0.026	-	max(0, 5.004	-	0.655	+	0.026	))
=	7.974

	Invested Capital		(Q: May. 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	))
=	5.777	-	2.48	-	( 0.139	-	max(0, 5.553	-	0.813	+	0.139	))
=	8.037

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

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

California Gold Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2021		Q: May. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.964	/	( ( (5.095 + max(-1.496, 0))	+	(4.964 + max(-1.806, 0)) )	/	2 )
=	-0.964	/	( ( 5.095	+	4.964 )	/	2 )
=	-0.964	/	5.0295
=	-19.17 %

where Working Capital is:

	Working Capital		(Q: Feb. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.009	+	0.503	+	0.117)	-	(2.125	+	0	+	0)
=	-1.496

	Working Capital		(Q: May. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.065	+	0.501	+	0.108)	-	(2.48	+	0	+	0)
=	-1.806

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2021 )
	=	-4.377	/	8.980
	=	-48.74 %

California Gold Mining EBIT Related Terms

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California Gold Mining (California Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » California Gold Mining Inc (OTCPK:CFGMF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.