MRTMF (Maritime Resources) EBIT : $-2.79 Mil (TTM As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Maritime Resources EBIT?

Maritime Resources's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-2.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maritime Resources's annualized ROC % for the quarter that ended in Sep. 2024 was -6.71%. Maritime Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -7.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maritime Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -6.60%.

Maritime Resources EBIT Historical Data

The historical data trend for Maritime Resources'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.

Maritime Resources EBIT Chart

Maritime Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-1.52

-1.01

-1.26

-1.23

-1.43

Maritime Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															-0.49	-0.24	-0.98	-0.94	-0.63

Competitive Comparison of Maritime Resources's EBIT

For the Gold subindustry, Maritime Resources'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.

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

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

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

Maritime Resources 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.79 Mil.

Maritime Resources (OTCPK:MRTMF) EBIT Explanation

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

Maritime Resources's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-2.656 * ( 1 - 0% )	/	( (37.042	+	42.082)	/ 2 )
=	-2.656	/	39.562
=	-6.71 %

where

	Invested Capital		(Q: Jun. 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	))
=	37.89	-	0.423	-	( 0.428	-	max(0, 0.51	-	0.935	+	0.428	))
=	37.042

	Invested Capital		(Q: Sep. 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	))
=	43.685	-	0.661	-	( 5.483	-	max(0, 5.14	-	6.082	+	5.483	))
=	42.082

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

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

Maritime Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.532	/	( ( (35.325 + max(-0.325, 0))	+	(36.14 + max(-0.294, 0)) )	/	2 )
=	-2.532	/	( ( 35.325	+	36.14 )	/	2 )
=	-2.532	/	35.7325
=	-7.09 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.098)	-	(0.423	+	0	+	0)
=	-0.325

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.025	+	0.343)	-	(0.661	+	0	+	0.0010000000000003)
=	-0.294

When net working capital is negative, 0 is used.

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

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

Maritime Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-2.792	/	42.324
	=	-6.60 %

Maritime Resources EBIT Related Terms

Thank you for viewing the detailed overview of Maritime Resources's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Maritime Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maritime Resources Corp (OTCPK:MRTMF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MAE:Canada

Address

650 West Georgia Street, Suite 3200, Vancouver, BC, CAN, V6B 4P7

Website

https://www.maritimeresourcescorp.com

Maritime Resources Corp is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. It holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects.