ELDCF (Electrum Discovery) EBIT : $ Mil (TTM As of Dec. 2023)

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What is Electrum Discovery EBIT?

Electrum Discovery's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-0.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Electrum Discovery's annualized ROC % for the quarter that ended in Dec. 2023 was -222.22%. Electrum Discovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -713.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Electrum Discovery EBIT Historical Data

The historical data trend for Electrum Discovery'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.

Electrum Discovery EBIT Chart

Electrum Discovery Annual Data

Trend

Dec22

Dec23

EBIT

-0.51

-0.27

Electrum Discovery Semi-Annual Data
	Dec22	Dec23
EBIT	-0.51	-0.27

Competitive Comparison of Electrum Discovery's EBIT

For the Other Precious Metals & Mining subindustry, Electrum Discovery'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.

Electrum Discovery's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Electrum Discovery 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $ Mil.

Electrum Discovery (OTCPK:ELDCF) EBIT Explanation

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

Electrum Discovery'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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.35 * ( 1 - 0% )	/	( (0.111	+	0.204)	/ 2 )
=	-0.35	/	0.1575
=	-222.22 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	0.182	-	0.284	-	( 0.064	-	max(0, 0.284	-	0.071	+	0.064	))
=	0.111

	Invested Capital		(Q: Dec. 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	))
=	0.253	-	0.543	-	( 0.037	-	max(0, 0.543	-	0.049	+	0.037	))
=	0.204

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

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

Electrum Discovery'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: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.271	/	( ( (0.042 + max(-0.277, 0))	+	(0.034 + max(-0.531, 0)) )	/	2 )
=	-0.271	/	( ( 0.042	+	0.034 )	/	2 )
=	-0.271	/	0.038
=	-713.16 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.005	+	0	+	0.002)	-	(0.284	+	0	+	0)
=	-0.277

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.012	+	0	+	0)	-	(0.543	+	0	+	0)
=	-0.531

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

Electrum Discovery's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=		/	6.550
	=	%

Electrum Discovery EBIT Related Terms

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Electrum Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (OTCPK:ELDCF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

R8N:Germany ELY:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.medgoldresources.com

Electrum Discovery Corp is a Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project and Novo Tlamino Project.

Electrum Discovery Headlines

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