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Cross River Ventures (FRA:C6R) EBIT : €-0.90 Mil (TTM As of Oct. 2023)


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What is Cross River Ventures EBIT?

Cross River Ventures's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was €-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was €-0.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cross River Ventures's annualized ROC % for the quarter that ended in Oct. 2023 was -19.69%. Cross River Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -19.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cross River Ventures's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -218.69%.


Cross River Ventures EBIT Historical Data

The historical data trend for Cross River Ventures'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.

Cross River Ventures EBIT Chart

Cross River Ventures Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23
EBIT
-0.04 -0.06 -0.98 -1.89 -3.28

Cross River Ventures Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 -0.25 -0.53 -0.18 -0.11 -0.08

Competitive Comparison of Cross River Ventures's EBIT

For the Gold subindustry, Cross River Ventures'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.


Cross River Ventures's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cross River Ventures's EV-to-EBIT falls into.



Cross River Ventures 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 €-0.90 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.


Cross River Ventures  (FRA:C6R) EBIT Explanation

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

Cross River Ventures'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 )
=-0.308 * ( 1 - 0% )/( (1.607 + 1.521)/ 2 )
=-0.308/1.564
=-19.69 %

where

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

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

Cross River Ventures'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 )
=-0.308/( ( (1.607 + max(-0.934, 0)) + (1.521 + max(-0.981, 0)) )/ 2 )
=-0.308/( ( 1.607 + 1.521 )/ 2 )
=-0.308/1.564
=-19.69 %

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)
=(0.005 + 0 + 0.018) - (0.957 + 0 + 0)
=-0.934

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.01 + 0 + 0.025) - (1.016 + 0 + 0)
=-0.981

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:

Cross River Ventures's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2023 )
=-0.901/0.412
=-218.69 %

* 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.


Cross River Ventures EBIT Related Terms

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Cross River Ventures (FRA:C6R) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Cross River Ventures Corp is engaged in the identification, evaluation, exploration, and acquisition of mineral properties. Its projects include McVicar Gold Project, Shabu Lake Property, Ear Falls Property and Fuchsite Gold Project among others.

Cross River Ventures (FRA:C6R) Headlines

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