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

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-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															-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.

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

	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	))
=	67.438	-	3.393	-	( 48.845	-	max(0, 7.163	-	50.265	+	48.845	))
=	20.943

	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	))
=	56.055	-	3.177	-	( 37.212	-	max(0, 11.025	-	38.754	+	37.212	))
=	25.149

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 %

Snowline Gold EBIT Related Terms

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Snowline Gold Business Description

Industry

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SGD:Canada

Address

No.1012 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.snowlinegold.com

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.