Miata Metals (STU:8NQ) EBIT : €-0.62 Mil (TTM As of Sep. 2024)

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What is Miata Metals EBIT?

Miata Metals's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €-0.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €-0.62 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Miata Metals's annualized ROC % for the quarter that ended in Sep. 2024 was -3,334.40%. Miata Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -3,334.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Miata Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -1.71%.

Miata Metals EBIT Historical Data

The historical data trend for Miata Metals'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.

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Miata Metals EBIT Chart

Miata Metals Annual Data

Trend

Mar22

EBIT

Miata Metals Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Sep24
EBIT	Get a 7-Day Free Trial				-0.03	-0.03	-0.12	-0.10	-0.52

Competitive Comparison of Miata Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Miata Metals'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.

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

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

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

Miata Metals 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 €-0.62 Mil.

Miata Metals (STU:8NQ) EBIT Explanation

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

Miata Metals'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: Dec. 2023 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-2.084 * ( 1 - 0% )	/	( (0.007	+	0.118)	/ 2 )
=	-2.084	/	0.0625
=	-3,334.40 %

where

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	0.243	-	0.027	-	( 0.232	-	max(0, 0.027	-	0.236	+	0.232	))
=	0.007

	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	))
=	0.966	-	0.275	-	( 0.658	-	max(0, 0.275	-	0.848	+	0.658	))
=	0.118

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

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

Miata Metals'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: Dec. 2023		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.084	/	( ( (0.007 + max(-0.026, 0))	+	(0.118 + max(-0.257, 0)) )	/	2 )
=	-2.084	/	( ( 0.007	+	0.118 )	/	2 )
=	-2.084	/	0.0625
=	-3,334.40 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.00099999999999997)	-	(0.027	+	0	+	0)
=	-0.026

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.018)	-	(0.275	+	0	+	0)
=	-0.257

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:

Miata Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-0.62	/	36.289
	=	-1.71 %

Miata Metals EBIT Related Terms

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Miata Metals Business Description

Industry

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MMET:Canada

Address

2133-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://miatametalscorp.com

Miata Metals Corp engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. It holds an interest in the Cabin Lake property. Currently working on two projects Sela Creek Gold and Nassau. The Sela Creek gold project in Suriname has been mined for alluvial gold and is currently mined for gold in weathered bedrock, called saprolite. Local miners started small-scale mining at Sela Creek in the period from 1920-1930, one of the earliest gold occurrences found in the Tapanahony river area. The Nassau Project is located ~125 km SE of Paramaribo and~100 km north of the Sela Project and is accessible via logging road. The Project is situated less than 10 km South of Newmont's Merian mine and along regional strike of Zijin's Rosebel mine.

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