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Loncor Gold (TSX:LN) EBIT : C$-28.95 Mil (TTM As of Sep. 2024)


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What is Loncor Gold EBIT?

Loncor Gold's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-28.95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Loncor Gold's annualized ROC % for the quarter that ended in Sep. 2024 was -11.77%. Loncor Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -13.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Loncor Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -32.23%.


Loncor Gold EBIT Historical Data

The historical data trend for Loncor 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.

Loncor Gold EBIT Chart

Loncor Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.12 -2.83 -4.73 -3.96 -28.50

Loncor Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.64 -26.14 -0.77 -1.18 -0.86

Competitive Comparison of Loncor Gold's EBIT

For the Gold subindustry, Loncor 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.


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

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

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



Loncor 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 C$-28.95 Mil.

* 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.


Loncor Gold  (TSX:LN) EBIT Explanation

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

Loncor 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 )
=-3.96 * ( 1 - 0% )/( (33.128 + 34.182)/ 2 )
=-3.96/33.655
=-11.77 %

where

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

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

Loncor 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 )
=-3.456/( ( (19.035 + max(7.372, 0)) + (20.041 + max(4.627, 0)) )/ 2 )
=-3.456/( ( 26.407 + 24.668 )/ 2 )
=-3.456/25.5375
=-13.53 %

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 + 0 + 14.443) - (1.355 + 5.482 + 0.234)
=7.372

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 14.292) - (1.302 + 8.128 + 0.235)
=4.627

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:

Loncor Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-28.951/89.829
=-32.23 %

* 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.


Loncor Gold EBIT Related Terms

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Loncor Gold Business Description

Traded in Other Exchanges
Address
4120 Yonge Street, Suite 304, 1 First Canadian Place, Toronto, ON, CAN, M2P 2B8
Loncor Gold Inc is a gold exploration company focused on projects on the Ngayu Belt in the Democratic Republic of the Congo. The Adumbi gold deposit is the focus of Loncor's activity and can be found within Loncor's 84.68% owned Imbo Project. The company has Africa's largest gold producer, the Barrick-managed Kibali Gold mine as a neighbour 130 miles away.
Executives
Arnold T. Kondrat 10% Security Holder, Director, Senior Officer
John Kenneth Barker Senior Officer

Loncor Gold Headlines

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