Grit Metals (TSXV:FIN) EBIT : C$-1.14 Mil (TTM As of Nov. 2024)

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What is Grit Metals EBIT?

Grit Metals's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2024 was C$-0.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2024 was C$-1.14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grit Metals's annualized ROC % for the quarter that ended in Nov. 2024 was -28.78%. Grit Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was -28.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grit Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was -23.08%.

Grit Metals EBIT Historical Data

The historical data trend for Grit 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.

Grit Metals EBIT Chart

Grit Metals Annual Data

Trend

May21

May22

May23

May24

EBIT

-0.43

-0.59

-1.87

Grit Metals Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
EBIT	Get a 7-Day Free Trial							-0.52	-0.30	-0.29	-0.25	-0.30

Competitive Comparison of Grit Metals's EBIT

For the Other Industrial Metals & Mining subindustry, Grit 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.

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

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

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

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Grit 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.14 Mil.

Grit Metals (TSXV:FIN) EBIT Explanation

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

Grit Metals's annualized ROC % for the quarter that ended in Nov. 2024 is calculated as:

	ROC % (Q: Nov. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2024 )	+	Invested Capital (Q: Nov. 2024 ))	/ count )
=	-1.18 * ( 1 - 0% )	/	( (3.801	+	4.398)	/ 2 )
=	-1.18	/	4.0995
=	-28.78 %

where

	Invested Capital		(Q: Aug. 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	))
=	4.875	-	0.475	-	( 0.841	-	max(0, 0.475	-	1.074	+	0.841	))
=	3.801

	Invested Capital		(Q: Nov. 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	))
=	6.293	-	0.264	-	( 1.698	-	max(0, 0.264	-	1.895	+	1.698	))
=	4.398

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

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

Grit Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2024		Q: Nov. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.18	/	( ( (3.801 + max(-0.449, 0))	+	(4.398 + max(-0.243, 0)) )	/	2 )
=	-1.18	/	( ( 3.801	+	4.398 )	/	2 )
=	-1.18	/	4.0995
=	-28.78 %

where Working Capital is:

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.026)	-	(0.475	+	0	+	0)
=	-0.449

	Working Capital		(Q: Nov. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.021)	-	(0.264	+	0	+	0)
=	-0.243

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2024 )
	=	-1.137	/	4.927
	=	-23.08 %

Grit Metals EBIT Related Terms

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Grit Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

EUEMF:USA K9T:Germany

Address

503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.europeanenergymetals.com

Grit Metals Corp is a junior mining company currently focussed on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy-independent laws and policies. Its key component is access to REE and, specifically, lithium. The company's exploration licenses are located within the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.

Executives

Luigi Gino Demichele	10% Security Holder, Director
Christos Doulis	Director

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