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Cassiar Gold (TSXV:GLDC) EBIT : C$-1.85 Mil (TTM As of Mar. 2024)


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What is Cassiar Gold EBIT?

Cassiar Gold's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-1.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cassiar Gold's annualized ROC % for the quarter that ended in Mar. 2024 was -5.51%. Cassiar Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cassiar Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.42%.


Cassiar Gold EBIT Historical Data

The historical data trend for Cassiar Gold'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.

Cassiar Gold EBIT Chart

Cassiar Gold Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.71 -1.65 -2.43 -2.56 -3.08

Cassiar Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
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 -0.71 -0.75 -0.60 -0.66 -0.59

Competitive Comparison of Cassiar Gold's EBIT

For the Gold subindustry, Cassiar Gold'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.


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

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

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



Cassiar Gold 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.85 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.


Cassiar Gold  (TSXV:GLDC) EBIT Explanation

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

Cassiar Gold's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-2.372 * ( 1 - 0% )/( (42.706 + 43.373)/ 2 )
=-2.372/43.0395
=-5.51 %

where

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

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

Cassiar Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.372/( ( (40.903 + max(-0.215, 0)) + (41.395 + max(-0.222, 0)) )/ 2 )
=-2.372/( ( 40.903 + 41.395 )/ 2 )
=-2.372/41.149
=-5.76 %

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 + 0.275) - (0.197 + 0 + 0.293)
=-0.215

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.256) - (0.234 + 0 + 0.244)
=-0.222

When net working capital is negative, 0 is used.

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

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

Cassiar Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-1.851/34.132
=-5.42 %

* 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.


Cassiar Gold EBIT Related Terms

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Cassiar Gold (TSXV:GLDC) Business Description

Traded in Other Exchanges
Address
850 - 2nd Street SW, 15th Floor, Bankers Court, Calgary, AB, CAN, T2P 0R8
Cassiar Gold Corp is engaged in the exploration of gold in British Columbia, Canada. The company is focused on two assets, the Cassiar Gold Project and the Sheep Creek Gold District. The Cassiar Gold project is an orogenic gold property located in the Cassiar Mining District of northern British Columbia. The project has upside potential for both bulk-tonnage resources in the Cassiar North area and high-grade gold targets in the Cassiar South area.