Norrland Gold (TSXV:NORR) EBIT : C$-0.34 Mil (TTM As of Jun. 2024)

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What is Norrland Gold EBIT?

Norrland Gold's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was C$-0.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Norrland Gold's annualized ROC % for the quarter that ended in Jun. 2024 was -21.32%. Norrland Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -49.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Norrland Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -35.78%.

Norrland Gold EBIT Historical Data

The historical data trend for Norrland 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.

Norrland Gold EBIT Chart

Norrland Gold Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

EBIT

-0.02

-0.57

-0.45

-0.41

Norrland Gold Quarterly Data
	May20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial									-0.09	-0.11	-0.09	-0.12	-0.02

Competitive Comparison of Norrland Gold's EBIT

For the Gold subindustry, Norrland 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.

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

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

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

Norrland 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.34 Mil.

Norrland Gold (TSXV:NORR) EBIT Explanation

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

Norrland Gold's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-0.084 * ( 1 - 0% )	/	( (0.394	+	0.394)	/ 2 )
=	-0.084	/	0.394
=	-21.32 %

where

	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	))
=	0.764	-	0.138	-	( 0.364	-	max(0, 0.138	-	0.37	+	0.364	))
=	0.394

	Invested Capital		(Q: Jun. 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	))
=	0.652	-	0.044	-	( 0.251	-	max(0, 0.044	-	0.258	+	0.251	))
=	0.394

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

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

Norrland Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.084	/	( ( (0.17 + max(-0.132, 0))	+	(0.171 + max(-0.037, 0)) )	/	2 )
=	-0.084	/	( ( 0.17	+	0.171 )	/	2 )
=	-0.084	/	0.1705
=	-49.27 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.003	+	0	+	0.003)	-	(0.138	+	0	+	0)
=	-0.132

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.004	+	0	+	0.003)	-	(0.044	+	0	+	0)
=	-0.037

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.341	/	0.953
	=	-35.78 %

Norrland Gold EBIT Related Terms

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Norrland Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, P.O. Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.norrlandgold.com

Norrland Gold Corp is a precious metals exploration company that is focused on gold discovery in mineral-rich Sweden. It owns the Vittantrasket located in the Gold-line, a region of orogenic gold deposits such as Barsele and Svartliden. The Company's exploration and evaluation assets are in Sweden and the Company has interests in an Australian company.

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