Nickel 28 Capital (Nickel 28 Capital) EBIT : $8.50 Mil (TTM As of Oct. 2023)

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What is Nickel 28 Capital EBIT?

Nickel 28 Capital's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was $1.74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was $8.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nickel 28 Capital's annualized ROC % for the quarter that ended in Oct. 2023 was -4.85%. Nickel 28 Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 7,543.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nickel 28 Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 10.50%.

Nickel 28 Capital EBIT Historical Data

The historical data trend for Nickel 28 Capital'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.

Nickel 28 Capital EBIT Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

EBIT

7.93

18.24

14.79

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
EBIT	Get a 7-Day Free Trial											8.53	4.22	1.21	1.35	1.74

Competitive Comparison of Nickel 28 Capital's EBIT

For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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.

Nickel 28 Capital's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nickel 28 Capital's EV-to-EBIT falls into.

Nickel 28 Capital 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.50 Mil.

Nickel 28 Capital (OTCPK:CONXF) EBIT Explanation

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

Nickel 28 Capital's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-7.92 * ( 1 - 0% )	/	( (173.282	+	153.036)	/ 2 )
=	-7.92	/	163.159
=	-4.85 %

where

	Invested Capital		(Q: Jul. 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	))
=	159.085	-	0.488	-	( 6.499	-	max(0, 21.81	-	7.125	+	6.499	))
=	173.282

	Invested Capital		(Q: Oct. 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	))
=	152.331	-	0.183	-	( 9.852	-	max(0, 11.263	-	10.375	+	9.852	))
=	153.036

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

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

Nickel 28 Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6.94	/	( ( (0.097 + max(-0.287, 0))	+	(0.087 + max(-0.155, 0)) )	/	2 )
=	6.94	/	( ( 0.097	+	0.087 )	/	2 )
=	6.94	/	0.092
=	7,543.48 %

where Working Capital is:

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.201)	-	(0.488	+	0	+	0)
=	-0.287

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.028)	-	(0.183	+	0	+	0)
=	-0.155

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

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

Nickel 28 Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	8.502	/	80.962
	=	10.50 %

Nickel 28 Capital EBIT Related Terms

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Nickel 28 Capital (Nickel 28 Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (OTCPK:CONXF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

3JC:Germany NKL:Canada

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.