TMC (TMC The Metals Co) EBIT : $-97.67 Mil (TTM As of Sep. 2024)

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What is TMC The Metals Co EBIT?

TMC The Metals Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-19.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-97.67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TMC The Metals Co's annualized ROC % for the quarter that ended in Sep. 2024 was -120.63%. TMC The Metals Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -163.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TMC The Metals Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -36.61%.

TMC The Metals Co EBIT Historical Data

The historical data trend for TMC The Metals Co'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.

TMC The Metals Co EBIT Chart

TMC The Metals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-56.60

-149.59

-170.89

-72.96

TMC The Metals Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial												-12.22	-33.17	-24.92	-19.68	-19.91

Competitive Comparison of TMC The Metals Co's EBIT

For the Other Industrial Metals & Mining subindustry, TMC The Metals Co'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.

TMC The Metals Co's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

TMC The Metals Co 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 $-97.67 Mil.

TMC The Metals Co (NAS:TMC) EBIT Explanation

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

TMC The Metals Co'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 )
=	-79.848 * ( 1 - 0% )	/	( (64.811	+	67.57)	/ 2 )
=	-79.848	/	66.1905
=	-120.63 %

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	))
=	60.647	-	37.784	-	( 0.474	-	max(0, 43.659	-	1.711	+	0.474	))
=	64.811

	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	))
=	61.312	-	48.065	-	( 0.36	-	max(0, 57.24	-	2.917	+	0.36	))
=	67.57

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

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

TMC The Metals Co'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 )
=	-79.62	/	( ( (48.853 + max(-36.547, 0))	+	(48.295 + max(-45.508, 0)) )	/	2 )
=	-79.62	/	( ( 48.853	+	48.295 )	/	2 )
=	-79.62	/	48.574
=	-163.91 %

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)
=	(1.237	+	0	+	0)	-	(37.784	+	0	+	0)
=	-36.547

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.557	+	0	+	0)	-	(48.065	+	0	+	7.105427357601E-15)
=	-45.508

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-97.67	/	266.798
	=	-36.61 %

TMC The Metals Co EBIT Related Terms

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TMC The Metals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TMC The Metals Co Inc (NAS:TMC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.metals.co

TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Geographically, the company has its presence in Nauru, Singapore, Tonga and North America. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 7,240 kilometers (4,500 miles) that spans approximately 4,500,000 square kilometers (1,700,000 square miles).

Executives

Craig Shesky	officer: Chief Financial Officer	570 BROOME STREET, APT. 13A, NEW YORK NY 10013
Andrew Hall	director	16 BARONSFIELD ROAD, TWICKENHAM X0 TW1 2QU
Anthony O'sullivan	officer: Chief Development Officer	19 TENNYSON STREET, BULIMBA, QUEENSLAND C3 4171
Gregory Stone	officer: Chief Ocean Scientist	17350 SUNSET BLVD., 502, PACIFIC PALISADES CA 90272
Allseas Group S.a.	10 percent owner	18 ROUTE DE PRA DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS V8 1618
Andrei Karkar	director, 10 percent owner	323 MARINA BOULEVARD, SAN FRANCISCO CA 94123
Gerard Barron	director, officer: Chief Executive Officer	APT. 6403, JADDAF WATERFRONT TOWER D1, DUBAI C0 00000
Argentum Cedit Virtuti Gcv	10 percent owner	WIEGSTRAAT 21, ANTWERPEN C9 2000
Stichting Administratiekantoor Aequa Lance Foundation	10 percent owner	C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Edward Heerema	10 percent owner	C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Allseas Investments S.a.	10 percent owner	18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Andrew Carlyle Greig	director	1 MACQUARIE ST, TENERIFFE, QLD C3 4005
Christian Madsbjerg	director	36 WEST 13TH STREET, NEW YORK NY 10011
Amelia Kinahoi Siamomua	director	3575 BEACHHILL DRIVE, ATLANTA GA 30340
Sheila Khama	director	PO BOX 2007, GABORONE B1 00000