CMRZF (Commerce Resources) EBIT: $-3.90 Mil (TTM As of Apr. 2026)


CMRZF Commerce Resources Corp CMRZF
19 GF Score
Price $0.09
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What is Commerce Resources EBIT?

Commerce Resources CMRZF 19 EBIT is $-3.90 Mil as of Apr. 2026. GuruFocus rates CMRZF with a GF Score™ of 19/100.

Commerce Resources's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2026 was $-0.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was $-3.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Commerce Resources's annualized ROC % for the quarter that ended in Apr. 2026 was -5.50%. Commerce Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -5.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Commerce Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -15.45%.

Commerce Resources  (OTCPK:CMRZF) EBIT Explanation

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

Commerce Resources's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=-2.288 * ( 1 - 0% )/( (41.045 + 42.099)/ 2 )
=-2.288/41.572
=-5.50 %

where

Invested Capital(Q: Jan. 2026 )
=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))
=45.963 - 0.762 - ( 4.156 - max(0, 0.791 - 6.773+4.156))
=41.045

Invested Capital(Q: Apr. 2026 )
=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))
=45.713 - 0.214 - ( 3.4 - max(0, 0.266 - 5.677+3.4))
=42.099

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

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

Commerce Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.256/( ( (39.132 + max(-0.377, 0)) + (39.977 + max(0.226, 0)) )/ 2 )
=-2.256/( ( 39.132 + 40.203 )/ 2 )
=-2.256/39.6675
=-5.69 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.385) - (0.762 + 0 + 0)
=-0.377

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.464) - (0.214 + 0 + 0.024)
=0.226

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=-3.898/25.235
=-15.45 %

* 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.

Commerce Resources EBIT Related Terms

Commerce Resources EBIT Historical Data

* Premium members only.

The historical data trend for Commerce 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.

Commerce Resources EBIT Chart

Commerce Resources Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.36 -0.52 -1.21 -21.32 -4.02

Commerce Resources Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -0.82 -0.85 -1.59 -0.89 -0.56

Commerce Resources EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Commerce 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.

Commerce Resources EV-to-EBIT vs Metals & Mining Industry

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

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


CMRZF
19GF Score
Commerce Resources Corp CMRZF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Commerce 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.90 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 $-3.90 Mil mean?
Commerce Resources (CMRZF) has a EBIT of $-3.90 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Commerce Resources.
Is Commerce Resources' EBIT too high?
Commerce Resources' current EBIT is $-3.90 Mil. Overall, Commerce Resources has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Commerce Resources' EBIT compare to competitors?
Commerce Resources' EBIT of $-3.90 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 Commerce Resources. Commerce Resources's current EBIT is $-3.90 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce Resources stock overvalued right now?
Commerce Resources (CMRZF) has a current EBIT of $-3.90 Mil. The current EBIT is $-3.90 Mil. Commerce Resources' overall GF Score™ is 19/100. 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 Commerce Resources (CMRZF), the current EBIT is $-3.90 Mil as of Apr. 2026. 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.

Commerce Resources Business Description

Address 2 Bligh Street, Level 8, SYDNEY, NSW, AUS, 2000
Mont Royal Resources Ltd is a critical minerals development and exploration company with projects in Quebec, Canada. Company's projects include also includes the Eldor Niobium Project, located adjacent to Ashram, and the Northern Lights Lithium Project, located in the world-class James Bay region of Quebec, creating a diversified platform aligned the clean energy transition.
19GF Score

Get the complete analysis for CMRZF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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