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FPX Nickel (TSXV:FPX) EBIT : C$-2.12 Mil (TTM As of Dec. 2023)


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What is FPX Nickel EBIT?

FPX Nickel's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-2.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FPX Nickel's annualized ROC % for the quarter that ended in Dec. 2023 was -17.27%. FPX Nickel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FPX Nickel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.95%.


FPX Nickel EBIT Historical Data

The historical data trend for FPX Nickel'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.

FPX Nickel EBIT Chart

FPX Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -1.31 -3.80 -3.70 -4.41

FPX Nickel Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.58 -0.76 -0.82 -0.45 -0.85

Competitive Comparison of FPX Nickel's EBIT

For the Other Industrial Metals & Mining subindustry, FPX Nickel'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.


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

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

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



FPX Nickel 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$-2.12 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.


FPX Nickel  (TSXV:FPX) EBIT Explanation

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

FPX Nickel'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 )
=-5.056 * ( 1 - 0% )/( (28.272 + 30.277)/ 2 )
=-5.056/29.2745
=-17.27 %

where

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

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

FPX Nickel'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 )
=-3.412/( ( (27.753 + max(-0.19799999999999, 0)) + (29.932 + max(-0.836, 0)) )/ 2 )
=-3.412/( ( 27.753 + 29.932 )/ 2 )
=-3.412/28.8425
=-11.83 %

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)
=(0.509 + 0 + 0.19600000000001) - (0.903 + 0 + 0)
=-0.19799999999999

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.126) - (0.961 + 0 + 0.0010000000000001)
=-0.836

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:

FPX Nickel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-2.12/71.921
=-2.95 %

* 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.


FPX Nickel EBIT Related Terms

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FPX Nickel (TSXV:FPX) Business Description

Traded in Other Exchanges
Address
1155 West Pender Street, Suite 320, Vancouver, BC, CAN, V6E 2P4
FPX Nickel Corp focuses is involved in the acquisition and exploration of mineral property interests that are considered potential sites of economic mineralization. Its projects portfolio includes Decar Nickel District, Mich Property, Yukon; Orca Property; Wale Property; and Klow Property; in British Columbia.
Executives
Allyn Knoche 10% Security Holder