New Destiny Mining (TSXV:NED) EBIT : C$-0.37 Mil (TTM As of Mar. 2024)

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What is New Destiny Mining EBIT?

New Destiny Mining's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Destiny Mining's annualized ROC % for the quarter that ended in Mar. 2024 was -1,558.97%. New Destiny Mining'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. New Destiny Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -26.60%.

New Destiny Mining EBIT Historical Data

The historical data trend for New Destiny Mining'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.

New Destiny Mining EBIT Chart

New Destiny Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.79

-0.26

-0.11

-0.17

-0.27

New Destiny Mining 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															-0.06	-0.16	-0.02	-0.11	-0.08

Competitive Comparison of New Destiny Mining's EBIT

For the Other Industrial Metals & Mining subindustry, New Destiny Mining'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.

New Destiny Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Destiny Mining's EV-to-EBIT falls into.

New Destiny Mining 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$-0.37 Mil.

New Destiny Mining (TSXV:NED) EBIT Explanation

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

New Destiny Mining'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 )
=	-0.304 * ( 1 - 0% )	/	( (0.011	+	0.028)	/ 2 )
=	-0.304	/	0.0195
=	-1,558.97 %

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	))
=	0.016	-	0.808	-	( 0.002	-	max(0, 0.811	-	0.008	+	0.002	))
=	0.011

	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	))
=	0.012	-	0.864	-	( 0	-	max(0, 0.884	-	0.004	+	0	))
=	0.028

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

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

New Destiny Mining'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 )
=	-0.304	/	( ( (0 + max(-0.807, 0))	+	(0 + max(-0.864, 0)) )	/	2 )
=	-0.304	/	( ( 0	+	0 )	/	2 )
=	-0.304	/	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)	-	(0.808	+	0	+	-0.001)
=	-0.807

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.864	+	0	+	0)
=	-0.864

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:

New Destiny Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.366	/	1.376
	=	-26.60 %

New Destiny Mining EBIT Related Terms

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New Destiny Mining (TSXV:NED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Destiny Mining Corp (TSXV:NED) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

http://www.newdestinymining.com

New Destiny Mining Corp is a junior mineral exploration company engaged in the business of acquiring, exploring, and evaluating mineral properties. Its project consists of the Treasure Mountain Property located to the east of Hope, British Columbia. It develops and mines polymetallic (silver, gold, lead, zinc, copper and / or molybdenum) deposits.

Executives

Wesley Warthe-anderson

Director

New Destiny Mining (TSXV:NED) Headlines

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