Abacus Mining & Exploration (TSXV:AME) EBIT : C$0.87 Mil (TTM As of Dec. 2023)

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What is Abacus Mining & Exploration EBIT?

Abacus Mining & Exploration's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abacus Mining & Exploration's annualized ROC % for the quarter that ended in Dec. 2023 was -1.34%. Abacus Mining & Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -210.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abacus Mining & Exploration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.73%.

Abacus Mining & Exploration EBIT Historical Data

The historical data trend for Abacus Mining & Exploration'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.

Abacus Mining & Exploration EBIT Chart

Abacus Mining & Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.09

-1.24

-3.48

-1.04

0.87

Abacus Mining & Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.18	-0.20	1.68	-0.16	-0.45

Competitive Comparison of Abacus Mining & Exploration's EBIT

For the Other Industrial Metals & Mining subindustry, Abacus Mining & Exploration'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.

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

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

* The bar in red indicates where Abacus Mining & Exploration's EV-to-EBIT falls into.

Abacus Mining & Exploration 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$0.87 Mil.

Abacus Mining & Exploration (TSXV:AME) EBIT Explanation

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

Abacus Mining & Exploration'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 )
=	-0.472 * ( 1 - 0% )	/	( (34.931	+	35.343)	/ 2 )
=	-0.472	/	35.137
=	-1.34 %

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	))
=	8.357	-	0.267	-	( 0.253	-	max(0, 27.112	-	0.271	+	0.253	))
=	34.931

	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	))
=	7.893	-	0.215	-	( 0.065	-	max(0, 27.765	-	0.1	+	0.065	))
=	35.343

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

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

Abacus Mining & Exploration'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 )
=	-1.8	/	( ( (0.833 + max(-0.248, 0))	+	(0.874 + max(-0.181, 0)) )	/	2 )
=	-1.8	/	( ( 0.833	+	0.874 )	/	2 )
=	-1.8	/	0.8535
=	-210.90 %

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)
=	(0.003	+	0	+	0.015)	-	(0.267	+	0	+	-0.0010000000000012)
=	-0.248

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.006	+	0	+	0.029)	-	(0.215	+	0	+	0.0010000000000012)
=	-0.181

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:

Abacus Mining & Exploration's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	0.866	/	31.714
	=	2.73 %

Abacus Mining & Exploration EBIT Related Terms

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Abacus Mining & Exploration (TSXV:AME) Business Description

Industry

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ABCFF:USA

Address

1050 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 3S7

Website

https://www.amemining.com

Abacus Mining & Exploration Corp is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in Canada. It's mineral exploration and development operations are in the United States. Some of the company's projects are the Willow Project and Ajax Copper-Gold Project.