Andean Precious Metals (TSXV:APM) EBIT : C$65.5 Mil (TTM As of Dec. 2023)

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What is Andean Precious Metals EBIT?

Andean Precious Metals's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$59.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$65.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Andean Precious Metals's annualized ROC % for the quarter that ended in Dec. 2023 was 15.06%. Andean Precious Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 253.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Andean Precious Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 63.08%.

Andean Precious Metals EBIT Historical Data

The historical data trend for Andean Precious 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.

* Premium members only.

Andean Precious Metals EBIT Chart

Andean Precious Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

38.07

26.03

-13.43

58.41

Andean Precious Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial											-5.81	-0.35	2.97	3.87	58.97

Competitive Comparison of Andean Precious Metals's EBIT

For the Silver subindustry, Andean Precious 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.

Andean Precious Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Andean Precious 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$65.5 Mil.

Andean Precious Metals (TSXV:APM) EBIT Explanation

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

Andean Precious Metals'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 )
=	20.332 * ( 1 - 0.21% )	/	( (51.08	+	218.343)	/ 2 )
=	20.2893028	/	134.7115
=	15.06 %

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	))
=	185.445	-	25.808	-	( 108.557	-	max(0, 32.097	-	148.627	+	108.557	))
=	51.08

	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	))
=	362.084	-	49.736	-	( 94.005	-	max(0, 72.763	-	207.41	+	94.005	))
=	218.343

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

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

Andean Precious Metals'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 )
=	235.86	/	( ( (16.916 + max(0.976, 0))	+	(123.901 + max(44.456, 0)) )	/	2 )
=	235.86	/	( ( 17.892	+	168.357 )	/	2 )
=	235.86	/	93.1245
=	253.27 %

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	+	24.168	+	8.905)	-	(25.808	+	0	+	6.289)
=	0.976

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.385	+	91.753	+	13.181)	-	(49.736	+	6.336	+	4.791)
=	44.456

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	65.462	/	103.784
	=	63.08 %

Andean Precious Metals EBIT Related Terms

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Andean Precious Metals (TSXV:APM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andean Precious Metals Corp (TSXV:APM) » Definitions » EBIT

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Traded in Other Exchanges

ANPMF:USA

Address

Ignacio L. Vallarta, No. 811 Sur, Col. El Mirador Centro, Monterrey, NL, MEX, 64070

Website

https://www.andeanpm.com

Andean Precious Metals Corp is a Canadian-listed, growth-focused precious metals producer operating in Bolivia and the United States. The Company is engaged in the exploration, exploitation, treatment, refining and commercialization of dore bars containing silver and gold, which it extracts from its mining rights and through purchased third-party material.