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Millennial Lithium (TSXV:ML) EBIT : C$-18.36 Mil (TTM As of Aug. 2021)


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What is Millennial Lithium EBIT?

Millennial Lithium's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2021 was C$-2.63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2021 was C$-18.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Millennial Lithium's annualized ROC % for the quarter that ended in Aug. 2021 was -16.01%. Millennial Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2021 was -15.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Millennial Lithium's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2021 was -5.25%.


Millennial Lithium EBIT Historical Data

The historical data trend for Millennial Lithium'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.

Millennial Lithium EBIT Chart

Millennial Lithium Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.95 -21.43 -11.25 -4.26 -9.88

Millennial Lithium Quarterly Data
Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21
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 -1.16 -0.32 -7.60 -7.82 -2.63

Competitive Comparison of Millennial Lithium's EBIT

For the Other Industrial Metals & Mining subindustry, Millennial Lithium'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.


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

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

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



Millennial Lithium 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 Aug. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-18.36 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.


Millennial Lithium  (TSXV:ML) EBIT Explanation

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

Millennial Lithium's annualized ROC % for the quarter that ended in Aug. 2021 is calculated as:

ROC % (Q: Aug. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2021 ) + Invested Capital (Q: Aug. 2021 ))/ count )
=-10.62 * ( 1 - 0% )/( (65.945 + 66.761)/ 2 )
=-10.62/66.353
=-16.01 %

where

Note: The Operating Income data used here is four times the quarterly (Aug. 2021) data.

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

Millennial Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2021  Q: Aug. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-10.5/( ( (65.863 + max(-0.033999999999993, 0)) + (66.66 + max(-0.647, 0)) )/ 2 )
=-10.5/( ( 65.863 + 66.66 )/ 2 )
=-10.5/66.2615
=-15.85 %

where Working Capital is:

Working Capital(Q: May. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.108 + 0 + 0.61900000000001) - (0.761 + 0 + 0)
=-0.033999999999993

Working Capital(Q: Aug. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.09 + 0 + 0.257) - (0.994 + 0 + 0)
=-0.647

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2021) EBIT data.

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

Millennial Lithium's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2021 )
=-18.356/349.608
=-5.25 %

* 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.


Millennial Lithium EBIT Related Terms

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Millennial Lithium (TSXV:ML) Business Description

Traded in Other Exchanges
N/A
Address
350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6
Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.