Defense Metals (TSXV:DEFN) EBIT : C$-2.30 Mil (TTM As of Sep. 2024)

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What is Defense Metals EBIT?

Defense Metals's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-1.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-2.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Defense Metals's annualized ROC % for the quarter that ended in Sep. 2024 was -9.79%. Defense Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -10.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Defense Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -8.76%.

Defense Metals EBIT Historical Data

The historical data trend for Defense 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.

Defense Metals EBIT Chart

Defense Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-0.90

-1.25

-2.69

-4.01

-4.04

Defense Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Sep24
EBIT	Get a 7-Day Free Trial															-1.35	-1.11	-0.65	-1.25	-1.05

Competitive Comparison of Defense Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Defense 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.

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

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

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

Defense 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.30 Mil.

Defense Metals (TSXV:DEFN) EBIT Explanation

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

Defense Metals'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: Dec. 2023 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-4.188 * ( 1 - 0% )	/	( (39.439	+	46.123)	/ 2 )
=	-4.188	/	42.781
=	-9.79 %

where

	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	))
=	42.971	-	1.353	-	( 3.173	-	max(0, 1.353	-	3.532	+	3.173	))
=	39.439

	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	))
=	46.099	-	3.168	-	( 2.225	-	max(0, 5.552	-	2.36	+	2.225	))
=	46.123

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

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

Defense Metals'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: Dec. 2023		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.188	/	( ( (38.548 + max(-1.241, 0))	+	(43.073 + max(-3.107, 0)) )	/	2 )
=	-4.188	/	( ( 38.548	+	43.073 )	/	2 )
=	-4.188	/	40.8105
=	-10.26 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.112)	-	(1.353	+	0	+	0)
=	-1.241

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.062)	-	(3.168	+	0	+	0.00099999999999945)
=	-3.107

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-2.297	/	26.219
	=	-8.76 %

Defense Metals EBIT Related Terms

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Defense Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Defense Metals Corp (TSXV:DEFN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DFMTF:USA 35D:Germany

Address

228 - 1122 Mainland Street, Suite 605, Vancouver, BC, CAN, V6B 5L1

Website

https://www.defensemetals.com

Defense Metals Corp is a mineral exploration company focused on metals and elements commonly used in the EV market, military, national security, and "GREEN" energy technologies, such as high-strength alloys and rare earth magnets. operates in one business segment, being the exploration, development, and evaluation of the Wicheeda Project in British Columbia, Canada. It holds a portfolio of one hundred percent of the one thousand seven hundred eight hectares of Rare Earth Wicheeda Property in British Columbia, Canada. The mineral deposits are commonly used in the electric power market, defense industry, national security sector, and in the production of green energy technologies.

Executives

Craig Taylor	Director
Andrew Burgess	Director
Dale Wallster	Director
Maximilian Sali	Director, Senior Officer
Kristopher John Raffle	Director
Ryan Cheung	Senior Officer