PRMLF (Premium Resources) EBIT : $-9.95 Mil (TTM As of Sep. 2024)

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What is Premium Resources EBIT?

Premium Resources's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-8.27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-9.95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Premium Resources's annualized ROC % for the quarter that ended in Sep. 2024 was -256.36%. Premium Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -270.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Premium Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -14.51%.

Premium Resources EBIT Historical Data

The historical data trend for Premium 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.

Premium Resources EBIT Chart

Premium Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-1.80

-1.77

-7.31

-26.43

-8.56

Premium Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial											-5.04	6.76	-1.87	-6.58	-8.27

Competitive Comparison of Premium Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Premium 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.

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

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

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

Premium 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 $-9.95 Mil.

Premium Resources (OTCPK:PRMLF) EBIT Explanation

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

Premium 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 )
=	-33.188 * ( 1 - 0% )	/	( (13.125	+	12.767)	/ 2 )
=	-33.188	/	12.946
=	-256.36 %

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	))
=	34.684	-	3.118	-	( 20.49	-	max(0, 4.072	-	22.513	+	20.49	))
=	13.125

	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	))
=	27.53	-	3.621	-	( 12.814	-	max(0, 4.119	-	15.261	+	12.814	))
=	12.767

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

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

Premium 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 )
=	-33.096	/	( ( (12.171 + max(-1.78, 0))	+	(12.269 + max(-1.784, 0)) )	/	2 )
=	-33.096	/	( ( 12.171	+	12.269 )	/	2 )
=	-33.096	/	12.22
=	-270.83 %

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	+	0.879	+	0.459)	-	(3.118	+	0	+	0)
=	-1.78

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.887	+	0.95)	-	(3.621	+	0	+	0)
=	-1.784

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-9.954	/	68.585
	=	-14.51 %

Premium Resources EBIT Related Terms

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Premium Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Resources Ltd (OTCPK:PRMLF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

R10:Germany PREM:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumresources.com

Premium Nickel Resources Ltd is engaged in the exploration and evaluation of mineral properties in Botswana through its wholly-owned subsidiaries. The principal assets of the company are the Selebi and Selebi North nickel-copper-cobalt ("Ni-Cu-Co") mines (the "Selebi Mines") in Botswana and related infrastructure (together, the "Selebi Assets") , as well as the nickel, copper, cobalt, platinum-group elements ("Ni-Cu-Co-PGE") Selkirk mine (the "Selkirk Mine") in Botswana. It has three geographic segments being Botswana, Greenland and Canada. Key revenue is generated from Canada.

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