Highway 50 Gold (TSXV:HWY) EBIT : C$-4.77 Mil (TTM As of Sep. 2024)

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What is Highway 50 Gold EBIT?

Highway 50 Gold's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-4.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highway 50 Gold's annualized ROC % for the quarter that ended in Sep. 2024 was -153.21%. Highway 50 Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -220.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highway 50 Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -50.30%.

Highway 50 Gold EBIT Historical Data

The historical data trend for Highway 50 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.

Highway 50 Gold EBIT Chart

Highway 50 Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.49

-0.97

-0.76

1.16

-4.32

Highway 50 Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															-0.05	-3.94	-0.07	-0.06	-0.70

Competitive Comparison of Highway 50 Gold's EBIT

For the Other Industrial Metals & Mining subindustry, Highway 50 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.

Highway 50 Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Highway 50 Gold's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Highway 50 Gold's EV-to-EBIT falls into.

Highway 50 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-4.77 Mil.

Highway 50 Gold (TSXV:HWY) EBIT Explanation

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

Highway 50 Gold'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 )
=	-2.78 * ( 1 - 0% )	/	( (1.587	+	2.042)	/ 2 )
=	-2.78	/	1.8145
=	-153.21 %

where

	Invested Capital		(Q: Jun. 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	))
=	1.244	-	0.008	-	( 0.061	-	max(0, 0.427	-	0.076	+	0.061	))
=	1.587

	Invested Capital		(Q: Sep. 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	))
=	1.429	-	0.009	-	( 0.041	-	max(0, 0.675	-	0.053	+	0.041	))
=	2.042

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

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

Highway 50 Gold'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 )
=	-2.78	/	( ( (1.15 + max(0.007, 0))	+	(1.358 + max(0.003, 0)) )	/	2 )
=	-2.78	/	( ( 1.157	+	1.361 )	/	2 )
=	-2.78	/	1.259
=	-220.81 %

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)
=	(0.002	+	0	+	0.013)	-	(0.008	+	0	+	0)
=	0.007

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.002	+	0	+	0.01)	-	(0.009	+	0	+	0)
=	0.003

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:

Highway 50 Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-4.765	/	9.473
	=	-50.30 %

Highway 50 Gold EBIT Related Terms

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Highway 50 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highway 50 Gold Corp (TSXV:HWY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 1S4

Website

https://www.highway50gold.com

Highway 50 Gold Corp is a mineral exploration company. It is engaged in the acquisition and exploration of assets and evaluation of mineral properties in British Columbia and Nevada, USA. It has Four projects Golden Brew; Porter Canyon, Knob, and Monroe.

Executives

John Michael Leask	10% Security Holder, Director
Gordon Patrick Leask	10% Security Holder, Director, Senior Officer
Bassam Moubarak	Director

Highway 50 Gold Headlines

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