Mining Global (Mining Global) EBIT : $-0.03 Mil (TTM As of Aug. 2023)

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What is Mining Global EBIT?

Mining Global's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was $-0.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was $-0.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mining Global's annualized ROC % for the quarter that ended in Aug. 2023 was -54.55%. Mining Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mining Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -3.08%.

Mining Global EBIT Historical Data

The historical data trend for Mining Global'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.

Mining Global EBIT Chart

Mining Global Annual Data

Trend

Aug10

Aug11

Aug12

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

EBIT

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-0.06

-0.05

-0.03

0.04

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
EBIT	Get a 7-Day Free Trial								-0.05	-0.03	0.04	-	-0.03

Competitive Comparison of Mining Global's EBIT

For the Gold subindustry, Mining Global'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.

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

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

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

Mining Global 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 Aug. 2023 was $-0.03 Mil.

Mining Global (OTCPK:MNGG) EBIT Explanation

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

Mining Global's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

	ROC % (Q: Aug. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2022 )	+	Invested Capital (Q: Aug. 2023 ))	/ count )
=	-0.03 * ( 1 - 0% )	/	( (0.06	+	0.05)	/ 2 )
=	-0.03	/	0.055
=	-54.55 %

where

	Invested Capital		(Q: Aug. 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	-	0.001	-	( 0	-	max(0, 0.061	-	0	+	0	))
=	0.06

	Invested Capital		(Q: Aug. 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	))
=	0.02	-	0.006	-	( 0.02	-	max(0, 0.056	-	0.02	+	0.02	))
=	0.05

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

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

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

	ROC (Joel Greenblatt) %		(Q: Aug. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2022		Q: Aug. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.03	/	( ( (0 + max(-0.001, 0))	+	(0 + max(-0.006, 0)) )	/	1 )
=	-0.03	/	( ( 0	+	0 )	/	1 )
=	-0.03	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Aug. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.001	+	0	+	0)
=	-0.001

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.006	+	0	+	0)
=	-0.006

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2023 )
	=	-0.03	/	0.975
	=	-3.08 %

Mining Global EBIT Related Terms

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Mining Global (Mining Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining Global Inc (OTCPK:MNGG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website

https://www.mnggotc.com

Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.

Executives

Gregory K Clements	director, officer: Chief Financial Officer	240 MARTIN ST. #3, BLAINE WA 98230
Cedric N Atkinson	director, 10 percent owner, officer: Chief Executive Officer	240 MARTIN ST. #3, BLAINE WA 98230
Oxygen Management Group, Ltd.	10 percent owner	240 MARTIN STREET, SUITE 3, BLAINE WA 98230
Lindsay Edward Gorrill	director	611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David K Ryan	officer: Vice-President of Finance	P.O. BOX 61605, BROOKSWOOD RPO, LANGLEY A1 V3A 8C8
Jarrett F Bousquet	director, 10 percent owner, officer: President,Secretary&Treasurer	240 MARTIN STREET, #3, BLAINE WA 98230
Shane Epp	officer: Executive Vice President	2154 WEST 45TH AVENUE, VANCOUVER A1 V6M 2J1

Mining Global (Mining Global) Headlines

From GuruFocus

Mining Global (OTC:MNGG) to Merge with Namibia African Lithium Mine

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