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SNWGF (Snowline Gold) EBIT : $-21.76 Mil (TTM As of Sep. 2024)


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What is Snowline Gold EBIT?

Snowline Gold's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-10.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-21.76 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Snowline Gold's annualized ROC % for the quarter that ended in Sep. 2024 was -284.70%. Snowline Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -237.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Snowline Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -2.52%.


Snowline Gold EBIT Historical Data

The historical data trend for Snowline Gold'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.

Snowline Gold EBIT Chart

Snowline Gold Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -0.14 -0.25 -3.69 -9.36 -17.79

Snowline Gold Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.03 -2.47 -3.03 -6.20 -10.07

Competitive Comparison of Snowline Gold's EBIT

For the Gold subindustry, Snowline Gold'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.


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

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

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



Snowline Gold 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 $-21.76 Mil.

* 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.


Snowline Gold  (OTCPK:SNWGF) EBIT Explanation

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

Snowline Gold'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 )
=-65.612 * ( 1 - 0% )/( (20.943 + 25.149)/ 2 )
=-65.612/23.046
=-284.70 %

where

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

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

Snowline Gold'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 )
=-40.276/( ( (16.899 + max(-5.724, 0)) + (17.024 + max(-9.465, 0)) )/ 2 )
=-40.276/( ( 16.899 + 17.024 )/ 2 )
=-40.276/16.9615
=-237.46 %

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)
=(0.428 + 0 + 0.992) - (3.393 + 0.166 + 3.585)
=-5.724

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.002 + 0 + 0.53999999999999) - (3.177 + 0.174 + 7.656)
=-9.465

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:

Snowline Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-21.761/862.751
=-2.52 %

* 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.


Snowline Gold EBIT Related Terms

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Snowline Gold Business Description

Traded in Other Exchanges
Address
No.1012 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3
Snowline Gold Corp is a gold exploration company. The company is exploring its Einarson and Rogue gold projects in Selwyn Basin. All projects of the company lie in the prolific Tintina gold province that hosts gold mines and deposits from Kinross' Fort Knox to Goldcorp's Coffee. The Company operates in a single reportable operating segment, being the exploration and development of mineral properties.