NewOrigin Gold (TSXV:NEWO) EBIT : C$-0.33 Mil (TTM As of Dec. 2023)

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What is NewOrigin Gold EBIT?

NewOrigin Gold's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NewOrigin Gold's annualized ROC % for the quarter that ended in Dec. 2023 was -12,000.00%. NewOrigin Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12,000.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NewOrigin Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -20.20%.

NewOrigin Gold EBIT Historical Data

The historical data trend for NewOrigin 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.

NewOrigin Gold EBIT Chart

NewOrigin Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.50

-1.29

-1.71

-0.76

NewOrigin Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.23	-0.15	-0.09	-0.05	-0.03

Competitive Comparison of NewOrigin Gold's EBIT

For the Gold subindustry, NewOrigin 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.

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

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

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

NewOrigin 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.33 Mil.

NewOrigin Gold (TSXV:NEWO) EBIT Explanation

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

NewOrigin Gold's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.12 * ( 1 - 0% )	/	( (0.001	+	0.001)	/ 2 )
=	-0.12	/	0.001
=	-12,000.00 %

where

	Invested Capital		(Q: Sep. 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	))
=	0.057	-	0.299	-	( 0.043	-	max(0, 0.299	-	0.056	+	0.043	))
=	0.001

	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	))
=	0.109	-	0.288	-	( 0.093	-	max(0, 0.288	-	0.108	+	0.093	))
=	0.001

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

NewOrigin Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.12	/	( ( (0.001 + max(-0.294, 0))	+	(0.001 + max(-0.279, 0)) )	/	2 )
=	-0.12	/	( ( 0.001	+	0.001 )	/	2 )
=	-0.12	/	0.001
=	-12,000.00 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.005)	-	(0.299	+	0	+	0)
=	-0.294

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.009)	-	(0.288	+	0	+	0)
=	-0.279

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.326	/	1.614
	=	-20.20 %

NewOrigin Gold EBIT Related Terms

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NewOrigin Gold (TSXV:NEWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NewOrigin Gold Corp (TSXV:NEWO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TROIF:USA

Address

110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.neworigingold.com

NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.

Executives

Andrew Thomson	Senior Officer
O3 Mining Inc.	10% Security Holder

NewOrigin Gold (TSXV:NEWO) Headlines

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