Consolidated Lithium Metals (Consolidated Lithium Metals) EBIT : $-3.87 Mil (TTM As of Mar. 2024)

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What is Consolidated Lithium Metals EBIT?

Consolidated Lithium Metals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Consolidated Lithium Metals's annualized ROC % for the quarter that ended in Mar. 2024 was -890.77%. Consolidated Lithium Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,512.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Consolidated Lithium Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -59.63%.

Consolidated Lithium Metals EBIT Historical Data

The historical data trend for Consolidated Lithium Metals'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.

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Consolidated Lithium Metals EBIT Chart

Consolidated Lithium Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.55

-0.71

-1.91

-3.12

-4.04

Consolidated Lithium Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-0.73	-1.33	-1.23	-0.74	-0.57

Competitive Comparison of Consolidated Lithium Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Consolidated Lithium Metals'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.

Consolidated Lithium Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Consolidated Lithium Metals's EV-to-EBIT falls into.

Consolidated Lithium Metals 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.87 Mil.

Consolidated Lithium Metals (OTCPK:JORFF) EBIT Explanation

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

Consolidated Lithium Metals's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-2.316 * ( 1 - 0% )	/	( (0.354	+	0.166)	/ 2 )
=	-2.316	/	0.26
=	-890.77 %

where

	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	))
=	2.324	-	0.169	-	( 1.801	-	max(0, 0.21	-	2.19	+	1.801	))
=	0.354

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	1.749	-	0.153	-	( 1.43	-	max(0, 0.191	-	1.63	+	1.43	))
=	0.166

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Consolidated Lithium Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.268	/	( ( (0.134 + max(-0.154, 0))	+	(0.119 + max(0.047, 0)) )	/	2 )
=	-2.268	/	( ( 0.134	+	0.166 )	/	2 )
=	-2.268	/	0.15
=	-1,512.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.019)	-	(0.169	+	0	+	0.004)
=	-0.154

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.17	+	0	+	0.03)	-	(0.153	+	0	+	0)
=	0.047

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Consolidated Lithium Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-3.872	/	6.493
	=	-59.63 %

Consolidated Lithium Metals EBIT Related Terms

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Consolidated Lithium Metals (Consolidated Lithium Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Consolidated Lithium Metals Inc (OTCPK:JORFF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

Z36:Germany CLM:Canada

Address

Fourth floor of 5 Hazelton Avenue, Toronto, ON, CAN, M5R 2E1

Website

https://www.jourdaninc.com

Consolidated Lithium Metals Inc is a Canadian junior mining exploration company. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium's Quebec lithium mine.