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Elevation Gold Mining (Elevation Gold Mining) EBIT : $-17.09 Mil (TTM As of Dec. 2023)


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What is Elevation Gold Mining EBIT?

Elevation Gold Mining's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-12.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-17.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elevation Gold Mining's annualized ROC % for the quarter that ended in Dec. 2023 was -0.76%. Elevation Gold Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -54.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Elevation Gold Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -45.56%.


Elevation Gold Mining EBIT Historical Data

The historical data trend for Elevation 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.

Elevation Gold Mining EBIT Chart

Elevation Gold Mining Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.28 7.67 7.51 -39.81 -17.09

Elevation Gold Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -8.29 -2.40 -1.86 -0.83 -12.00

Competitive Comparison of Elevation Gold Mining's EBIT

For the Gold subindustry, Elevation 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.


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

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

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



Elevation 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.09 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.


Elevation Gold Mining  (OTCPK:EVGDF) EBIT Explanation

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

Elevation Gold Mining'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 )
=-0.764 * ( 1 - 0% )/( (104.641 + 95.263)/ 2 )
=-0.764/99.952
=-0.76 %

where

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

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

Elevation Gold Mining'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 )
=-48.008/( ( (80.427 + max(12.407, 0)) + (68.915 + max(14.419, 0)) )/ 2 )
=-48.008/( ( 92.834 + 83.334 )/ 2 )
=-48.008/88.084
=-54.50 %

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)
=(0.03 + 29.783 + 0.513) - (9.586 + 2.856 + 5.477)
=12.407

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.139 + 32.448 + 0.31) - (10.03 + 2.821 + 5.627)
=14.419

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-17.093/37.517
=-45.56 %

* 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.


Elevation Gold Mining EBIT Related Terms

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Elevation Gold Mining (Elevation Gold Mining) Business Description

Traded in Other Exchanges
Address
1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2
Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The firm is focused on the reactivation of its Moss Mine Project. The company operates through a single segment which is the acquisition, exploration, development and production of precious metals.. It generates revenue from the sale of gold and silver.