Lithium Americas (Lithium Americas) EBIT : $-14.43 Mil (TTM As of Dec. 2023)

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What is Lithium Americas EBIT?

Lithium Americas's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-12.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lithium Americas's annualized ROC % for the quarter that ended in Dec. 2023 was -25.77%. Lithium Americas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -29.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lithium Americas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.80%.

Lithium Americas EBIT Historical Data

The historical data trend for Lithium Americas'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.

Lithium Americas EBIT Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-23.37

-44.79

-64.21

-3.63

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial				-22.94	-1.35	-	-0.13	-12.95

Competitive Comparison of Lithium Americas's EBIT

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

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

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

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

Lithium Americas 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 $-14.43 Mil.

Lithium Americas (NYSE:LAC) EBIT Explanation

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

Lithium Americas'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 )
=	-55.036 * ( 1 - 0% )	/	( (192.361	+	234.819)	/ 2 )
=	-55.036	/	213.59
=	-25.77 %

where

	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	))
=	363.491	-	17.156	-	( 200.499	-	max(0, 64.593	-	218.567	+	200.499	))
=	192.361

	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	))
=	439.5	-	23.361	-	( 195.516	-	max(0, 24.563	-	205.883	+	195.516	))
=	234.819

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

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

Lithium Americas'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 )
=	-51.812	/	( ( (132.752 + max(-0.26599999999999, 0))	+	(222.167 + max(-18.691, 0)) )	/	2 )
=	-51.812	/	( ( 132.752	+	222.167 )	/	2 )
=	-51.812	/	177.4595
=	-29.20 %

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)
=	(0.042	+	0	+	18.026)	-	(17.156	+	0	+	1.178)
=	-0.26599999999999

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	5.872)	-	(23.361	+	0	+	1.202)
=	-18.691

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-14.43	/	802.990
	=	-1.80 %

Lithium Americas EBIT Related Terms

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Lithium Americas (Lithium Americas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (NYSE:LAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WUC:Germany WUC:Germany LAC:Canada

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.