Gourmet Ocean Products (TSXV:GOP.H) EBIT : C$-0.08 Mil (TTM As of Mar. 2024)

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What is Gourmet Ocean Products EBIT?

Gourmet Ocean Products's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gourmet Ocean Products's annualized ROC % for the quarter that ended in Mar. 2024 was -17.90%. Gourmet Ocean Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gourmet Ocean Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.76%.

Gourmet Ocean Products EBIT Historical Data

The historical data trend for Gourmet Ocean Products'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.

Gourmet Ocean Products EBIT Chart

Gourmet Ocean Products Annual Data

Trend

Jun14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

Get a 7-Day Free Trial

0.92

-0.10

-0.11

-0.09

-0.08

Gourmet Ocean Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-0.02	-0.02	-0.02	-0.02	-0.02

Competitive Comparison of Gourmet Ocean Products's EBIT

For the Shell Companies subindustry, Gourmet Ocean Products'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.

Gourmet Ocean Products's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Gourmet Ocean Products's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gourmet Ocean Products's EV-to-EBIT falls into.

Gourmet Ocean Products 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$-0.08 Mil.

Gourmet Ocean Products (TSXV:GOP.H) EBIT Explanation

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

Gourmet Ocean Products'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 )
=	-0.092 * ( 1 - 0% )	/	( (0.499	+	0.529)	/ 2 )
=	-0.092	/	0.514
=	-17.90 %

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	))
=	0.026	-	0.088	-	( 0.02	-	max(0, 0.587	-	0.026	+	0.02	))
=	0.499

	Invested Capital		(Q: Mar. 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	))
=	0.005	-	0.06	-	( 0.002	-	max(0, 0.589	-	0.005	+	0.002	))
=	0.529

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

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

Gourmet Ocean Products'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 )
=	-0.092	/	( ( (0 + max(-0.087, 0))	+	(0 + max(-0.06, 0)) )	/	2 )
=	-0.092	/	( ( 0	+	0 )	/	2 )
=	-0.092	/	0
=	%

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	+	0.001)	-	(0.088	+	0	+	0)
=	-0.087

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

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:

Gourmet Ocean Products's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.078	/	1.153
	=	-6.76 %

Gourmet Ocean Products EBIT Related Terms

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Gourmet Ocean Products (TSXV:GOP.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gourmet Ocean Products Inc (TSXV:GOP.H) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

http://www.gourmetoceanproducts.com

Gourmet Ocean Products Inc does not have any business and is actively looking for a new business.

Gourmet Ocean Products (TSXV:GOP.H) Headlines

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