SGGTF (Signature Resources) EBIT : $-2.10 Mil (TTM As of Oct. 2024)

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What is Signature Resources EBIT?

Signature Resources's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2024 was $-1.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2024 was $-2.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Signature Resources's annualized ROC % for the quarter that ended in Oct. 2024 was -1,053.28%. Signature Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was -1,053.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Signature Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was -44.52%.

Signature Resources EBIT Historical Data

The historical data trend for Signature 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.

Signature Resources EBIT Chart

Signature Resources Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

EBIT

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-0.74

-6.69

-3.32

-0.95

-2.09

Signature Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
EBIT	Get a 7-Day Free Trial															-0.13	-0.19	-0.23	-0.66	-1.02

Competitive Comparison of Signature Resources's EBIT

For the Gold subindustry, Signature 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.

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

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

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

Signature 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.10 Mil.

Signature Resources (OTCPK:SGGTF) EBIT Explanation

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

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

	ROC % (Q: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2024 )	+	Invested Capital (Q: Oct. 2024 ))	/ count )
=	-4.092 * ( 1 - 0% )	/	( (0.415	+	0.362)	/ 2 )
=	-4.092	/	0.3885
=	-1,053.28 %

where

	Invested Capital		(Q: Jul. 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	))
=	1.857	-	0.896	-	( 1.292	-	max(0, 0.896	-	1.442	+	1.292	))
=	0.415

	Invested Capital		(Q: Oct. 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	))
=	0.88	-	0.912	-	( 0.361	-	max(0, 0.912	-	0.518	+	0.361	))
=	0.362

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

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

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

	ROC (Joel Greenblatt) %		(Q: Oct. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2024		Q: Oct. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.092	/	( ( (0.416 + max(-0.746, 0))	+	(0.361 + max(-0.755, 0)) )	/	2 )
=	-4.092	/	( ( 0.416	+	0.361 )	/	2 )
=	-4.092	/	0.3885
=	-1,053.28 %

where Working Capital is:

	Working Capital		(Q: Jul. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.055	+	0	+	0.095)	-	(0.896	+	0	+	0)
=	-0.746

	Working Capital		(Q: Oct. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.074	+	0	+	0.083)	-	(0.912	+	0	+	0)
=	-0.755

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2024 )
	=	-2.1	/	4.717
	=	-44.52 %

Signature Resources EBIT Related Terms

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Signature Resources Business Description

Industry

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

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Traded in Other Exchanges

3S30:Germany SGU:Canada

Address

401 Bay Street, Box 4, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.signatureresources.ca

Signature Resources Ltd is a Canadian based advanced stage exploration company focused on expanding the hundred percent owned Lingman Lake Gold zone, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Company's principal business activities include the acquisition and exploration of mineral resource assets in Canada, with a focus on precious metals. The project has a Two hundred thirty four thousand ounces of historical high-grade gold resource estimate that is contained within the first one hundred eighty meters of surface and open in all directions.