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Fuerte Metals (TSXV:FMT) EBIT : C$-3.63 Mil (TTM As of Sep. 2024)


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What is Fuerte Metals EBIT?

Fuerte Metals's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-1.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-3.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fuerte Metals's annualized ROC % for the quarter that ended in Sep. 2024 was -74.66%. Fuerte Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -74.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fuerte Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -7.63%.


Fuerte Metals EBIT Historical Data

The historical data trend for Fuerte 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.

Fuerte Metals EBIT Chart

Fuerte Metals Annual Data
Trend Dec20 Dec21 Dec22
EBIT
-3.90 -1.92 -4.60

Fuerte Metals Quarterly Data
Dec20 Dec21 Sep22 Dec22 Jun23 Sep23 Jun24 Sep24
EBIT Get a 7-Day Free Trial -3.07 -0.28 -0.71 -2.47 -1.16

Competitive Comparison of Fuerte Metals's EBIT

For the Other Precious Metals & Mining subindustry, Fuerte 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.


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

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

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



Fuerte 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$-3.63 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.


Fuerte Metals  (TSXV:FMT) EBIT Explanation

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

Fuerte 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: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-4.624 * ( 1 - 0% )/( (6.076 + 6.311)/ 2 )
=-4.624/6.1935
=-74.66 %

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:

Fuerte 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: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.624/( ( (6.076 + max(-0.034999999999999, 0)) + (6.076 + max(0.235, 0)) )/ 2 )
=-4.624/( ( 6.076 + 6.311 )/ 2 )
=-4.624/6.1935
=-74.66 %

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)
=(0.225 + 0 + 0.098000000000001) - (0.358 + 0 + 0)
=-0.034999999999999

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.181 + 0 + 0.114) - (0.06 + 0 + 0)
=0.235

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-3.628/47.520
=-7.63 %

* 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.


Fuerte Metals EBIT Related Terms

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Fuerte Metals Business Description

Traded in Other Exchanges
N/A
Address
625 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 2T6
Fuerte Metals Corp is a Vancouver-based resource company dentify, explore and evaluate mineral properties in Chile and elsewhere in the Americas. The Company holds mining concessions through its ownership of the El Cofre and Placeton projects in Chile. Its Placeton/Caballo Muerto copper project in Chile and the Christina and Yecora projects in Mexico.

Fuerte Metals Headlines

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