Goldrich Mining Co (Goldrich Mining Co) EBIT : $-0.19 Mil (TTM As of Sep. 2023)

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What is Goldrich Mining Co EBIT?

Goldrich Mining Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Goldrich Mining Co's annualized ROC % for the quarter that ended in Sep. 2023 was -9.00%. Goldrich Mining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -90.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Goldrich Mining Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.88%.

Goldrich Mining Co EBIT Historical Data

The historical data trend for Goldrich Mining Co'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.

Goldrich Mining Co EBIT Chart

Goldrich Mining Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-2.83

-1.71

-1.39

-0.93

-0.16

Goldrich Mining Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.11	0.33	-0.20	-0.17	-0.14

Competitive Comparison of Goldrich Mining Co's EBIT

For the Gold subindustry, Goldrich Mining Co'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.

Goldrich Mining Co's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Goldrich Mining Co 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.19 Mil.

Goldrich Mining Co (OTCPK:GRMC) EBIT Explanation

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

Goldrich Mining Co's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.604 * ( 1 - 0% )	/	( (6.663	+	6.758)	/ 2 )
=	-0.604	/	6.7105
=	-9.00 %

where

	Invested Capital		(Q: Jun. 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	))
=	0.696	-	6.2	-	( 0.001	-	max(0, 12.211	-	0.044	+	0.001	))
=	6.663

	Invested Capital		(Q: Sep. 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	))
=	0.689	-	6.466	-	( 0.026	-	max(0, 12.572	-	0.037	+	0.026	))
=	6.758

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

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

Goldrich Mining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.564	/	( ( (0.626 + max(-6.156, 0))	+	(0.626 + max(-6.455, 0)) )	/	2 )
=	-0.564	/	( ( 0.626	+	0.626 )	/	2 )
=	-0.564	/	0.626
=	-90.10 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.043)	-	(6.2	+	0	+	-0.00099999999999945)
=	-6.156

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.011)	-	(6.466	+	0	+	0)
=	-6.455

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.185	/	6.430
	=	-2.88 %

Goldrich Mining Co EBIT Related Terms

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Goldrich Mining Co (Goldrich Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldrich Mining Co (OTCPK:GRMC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2525 East 29th Avenue, Suite 10B-160, Spokane, WA, USA, 99223-4942

Website

https://www.goldrichmining.com

Goldrich Mining Co is a gold exploration and development company, which is engaged in the acquisition and exploration of mineral properties. The group explores gold and focuses on Chandalar property covering approximately 22,858 acres located to the north of Fairbanks, Alaska. The Chandalar is located in north-central Alaska, which is considered a tier-one jurisdiction world wide and host to multiple world-class gold mines and deposits, including the Fort Knox mine, Donlin Creek deposit, and Pebble deposit. Goldrich geographically operates through the region of Alaska, U.S, and derives the majority of its revenue from the sale of gold.

Executives

Ted Riley Sharp	officer: Chief Financial Officer	714 WHISPERWOOD COURT, NAMPA ID 83686
William Orchow	director	87 P STREET, SALT LAKE CITY UT 84103
William V Schara	director	3221 S REBECCA STREET, SPOKANE WA 99223
Nicholas Gallagher	10 percent owner	5 CHURCHFIELDS, THE K CLUB, STRAFFAN, KILDARE L2 0000
David Atkinson	director, 10 percent owner	2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Stephen M Vincent	director	255 MAPLE HILL ROAD, HOPKINS MN 55343
Michael Grant Rasmussen	director	17412 N. MEADOVIEW LANE, NINE MILE FALLS WA 99026
Garrick Allen Mendham	director	P. O. BOX 668, KINGSFORD NSW C3 2032
Regent Pacific Group Ltd	10 percent owner	SUITE 1001, HENLEY BUILDING, 5 QUEENS'S ROAD CENTRAL, HONG KONG K3 00000
Charles G Bigelow	director	11562 DISCOVERY HEIGHTS CIRCLE, ANCHORAGE AK 99515
Kenneth S Eickerman	director
Forza Capital Management, L.l.c.	director, 10 percent owner	2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Rab Special Situations (master) Fund Ltd	10 percent owner	P.O. BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Rodney Alan Blakestad	officer: VP - exploration	1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629
Robert G Pate	officer: VP Operations	8620 E PARKSIDE LANE, SPOKANE WA 99217