Arizona Sonoran Copper Co (TSX:ASCU) EBIT : C$-8.10 Mil (TTM As of Dec. 2023)

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What is Arizona Sonoran Copper Co EBIT?

Arizona Sonoran Copper Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-2.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-8.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arizona Sonoran Copper Co's annualized ROC % for the quarter that ended in Dec. 2023 was -10.84%. Arizona Sonoran Copper Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arizona Sonoran Copper Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.58%.

Arizona Sonoran Copper Co EBIT Historical Data

The historical data trend for Arizona Sonoran Copper 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.

Arizona Sonoran Copper Co EBIT Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-3.52

-11.61

-9.16

-8.72

Arizona Sonoran Copper Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial											-1.58	-0.35	-3.69	-1.20	-2.86

Competitive Comparison of Arizona Sonoran Copper Co's EBIT

For the Copper subindustry, Arizona Sonoran Copper 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.

Arizona Sonoran Copper Co's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arizona Sonoran Copper Co's EV-to-EBIT falls into.

Arizona Sonoran Copper 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-8.10 Mil.

Arizona Sonoran Copper Co (TSX:ASCU) EBIT Explanation

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

Arizona Sonoran Copper Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-13.76 * ( 1 - 0% )	/	( (126.181	+	127.806)	/ 2 )
=	-13.76	/	126.9935
=	-10.84 %

where

	Invested Capital		(Q: Sep. 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	))
=	136.428	-	4.001	-	( 16.233	-	max(0, 10.472	-	16.718	+	16.233	))
=	126.181

	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	))
=	153.05	-	11.165	-	( 14.079	-	max(0, 11.251	-	27.801	+	14.079	))
=	127.806

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Arizona Sonoran Copper Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.436	/	( ( (115.038 + max(-9.9, 0))	+	(120.716 + max(2.557, 0)) )	/	2 )
=	-11.436	/	( ( 115.038	+	123.273 )	/	2 )
=	-11.436	/	119.1555
=	-9.60 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.042	+	0	+	0.443)	-	(4.001	+	0	+	6.384)
=	-9.9

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.511	+	0	+	0.211)	-	(11.165	+	0	+	0)
=	2.557

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Arizona Sonoran Copper Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-8.102	/	145.107
	=	-5.58 %

Arizona Sonoran Copper Co EBIT Related Terms

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Arizona Sonoran Copper Co (TSX:ASCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (TSX:ASCU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ASCUF:USA H6F:Germany

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

Executives

Alan R. Edwards	Director
Sarah Ann Strunk	Director

Arizona Sonoran Copper Co (TSX:ASCU) Headlines

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