Grid Battery Metals (STU:W47) EBIT : €0.08 Mil (TTM As of Mar. 2024)

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What is Grid Battery Metals EBIT?

Grid Battery Metals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €-0.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grid Battery Metals's annualized ROC % for the quarter that ended in Mar. 2024 was -113.80%. Grid Battery Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -117.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grid Battery Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.15%.

Grid Battery Metals EBIT Historical Data

The historical data trend for Grid Battery 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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Grid Battery Metals EBIT Chart

Grid Battery Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.54

-0.50

-1.41

-0.28

-0.75

Grid Battery Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-0.55	-0.06	1.14	-0.70	-0.30

Competitive Comparison of Grid Battery Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Grid Battery 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.

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

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

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

Grid Battery 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.08 Mil.

Grid Battery Metals (STU:W47) EBIT Explanation

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

Grid Battery Metals's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-1.2 * ( 1 - 0% )	/	( (1.059	+	1.05)	/ 2 )
=	-1.2	/	1.0545
=	-113.80 %

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	))
=	6.238	-	0.002	-	( 5.177	-	max(0, 0.009	-	5.252	+	5.177	))
=	1.059

	Invested Capital		(Q: Mar. 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	))
=	5.702	-	0.061	-	( 4.616	-	max(0, 0.069	-	4.66	+	4.616	))
=	1.05

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

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

Grid Battery Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.2	/	( ( (0.962 + max(0.035, 0))	+	(1.041 + max(-0.051999999999999, 0)) )	/	2 )
=	-1.2	/	( ( 0.997	+	1.041 )	/	2 )
=	-1.2	/	1.019
=	-117.76 %

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	+	0.037)	-	(0.002	+	0	+	-1.7347234759768E-18)
=	0.035

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.010000000000001)	-	(0.061	+	0	+	0.001)
=	-0.051999999999999

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	0.078	/	0.515
	=	15.15 %

Grid Battery Metals EBIT Related Terms

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Grid Battery Metals (STU:W47) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Battery Metals Inc (STU:W47) » Definitions » EBIT

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Traded in Other Exchanges

EVKRF:USA CELL:Canada

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.gridbatterymetals.com

Grid Battery Metals Inc is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group, Texas Spring, Volt canyon and Clayton Valley Lithium.

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