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Nican (TSXV:NICN) EBIT : C$-3.47 Mil (TTM As of Sep. 2024)


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What is Nican EBIT?

Nican's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-3.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nican's annualized ROC % for the quarter that ended in Sep. 2024 was -712.58%. Nican's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nican's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -143.45%.


Nican EBIT Historical Data

The historical data trend for Nican'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.

Nican EBIT Chart

Nican Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-1.35 -3.29 -3.98

Nican Quarterly Data
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 -0.27 -1.65 -1.01 -0.38 -0.43

Competitive Comparison of Nican's EBIT

For the Other Industrial Metals & Mining subindustry, Nican'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.


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

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

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


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Nican 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$-3.47 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.


Nican  (TSXV:NICN) EBIT Explanation

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

Nican'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 )
=-1.728 * ( 1 - 0% )/( (0.259 + 0.226)/ 2 )
=-1.728/0.2425
=-712.58 %

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:

Nican'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 )
=-1.728/( ( (0 + max(-0.511, 0)) + (0 + max(-0.604, 0)) )/ 2 )
=-1.728/( ( 0 + 0 )/ 2 )
=-1.728/0
= %

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)
=(0.042 + 0 + 0.029) - (0.323 + 0 + 0.259)
=-0.511

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.043 + 0 + 0.052) - (0.473 + 0 + 0.226)
=-0.604

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-3.47/2.419
=-143.45 %

* 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.


Nican EBIT Related Terms

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Nican Business Description

Traded in Other Exchanges
Address
390 Bay Street, Suite 700A, Toronto, ON, CAN, M4V 1X7
Nican Ltd engages in exploring, developing, operating, and financing mining assets. Its principal business activity is the exploration and evaluation of mineral properties. The company is focused on nickel-copper opportunities in stable jurisdictions on known mineral belts. Its project comprises of wine project and pipy project both located in well-established mining jurisdictions in Manitoba, Canada.
Executives
Bradley Dean Humphrey Director, Senior Officer
Shaun Perin Heinrichs Senior Officer
Michael Hoffman Director
Alison Sagateh Williams Director

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