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NeXGold Mining (TSXV:NEXG) EBIT : C$-11.61 Mil (TTM As of Sep. 2024)


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What is NeXGold Mining EBIT?

NeXGold Mining's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-4.74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-11.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NeXGold Mining's annualized ROC % for the quarter that ended in Sep. 2024 was -16.08%. NeXGold Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -16.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NeXGold Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -11.82%.


NeXGold Mining EBIT Historical Data

The historical data trend for NeXGold 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.

NeXGold Mining EBIT Chart

NeXGold Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.54 -5.32 -15.14 -20.43 -12.47

NeXGold Mining 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 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 -2.90 -2.64 -2.38 -1.86 -4.74

Competitive Comparison of NeXGold Mining's EBIT

For the Gold subindustry, NeXGold 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.


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

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

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


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NeXGold 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-11.61 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.


NeXGold Mining  (TSXV:NEXG) EBIT Explanation

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

NeXGold Mining'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 )
=-19.956 * ( 1 - 0% )/( (114.175 + 133.965)/ 2 )
=-19.956/124.07
=-16.08 %

where

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

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

NeXGold Mining'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 )
=-18.956/( ( (105.918 + max(-0.487, 0)) + (123.807 + max(-1.809, 0)) )/ 2 )
=-18.956/( ( 105.918 + 123.807 )/ 2 )
=-18.956/114.8625
=-16.50 %

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 + 0 + 1.097) - (1.463 + 0 + 0.121)
=-0.487

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.805) - (1.89 + 0 + 0.724)
=-1.809

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-11.613/98.243
=-11.82 %

* 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.


NeXGold Mining EBIT Related Terms

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NeXGold Mining Business Description

Traded in Other Exchanges
Address
15 Toronto Street, Suite 401, Toronto, ON, CAN, M5C 2E3
NeXGold Mining Corp is an exploration-stage company. The company is engaged in the exploration and evaluation of mineral resources. The company's project includes the Goliath Gold Project, Goldlund Gold Project, Miller Gold Project located in Northwestern Ontario.
Executives
Michele Ashby Director
Orin Michael Baranowsky Senior Officer
James Kitchener Gowans Director
Christophe Vereecke Director
David Edward Whittle Director
William J. Fisher Director
Marc Charles Henderson Director
Greg Ferron Senior Officer
Dennis George Gibson Senior Officer

NeXGold Mining Headlines

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