Premium Nickel Resources (TSXV:PNRL) EBIT : C$-11.49 Mil (TTM As of Dec. 2023)

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What is Premium Nickel Resources EBIT?

Premium Nickel Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-4.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-11.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Premium Nickel Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -25.00%. Premium Nickel Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -30.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Premium Nickel Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.43%.

Premium Nickel Resources EBIT Historical Data

The historical data trend for Premium Nickel Resources'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.

Premium Nickel Resources EBIT Chart

Premium Nickel Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-2.37

-2.26

-9.36

-35.90

-11.49

Premium Nickel Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial								-2.49	-2.14	-2.76	-2.59	-4.01

Competitive Comparison of Premium Nickel Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Premium Nickel Resources'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.

Premium Nickel Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Premium Nickel Resources 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$-11.49 Mil.

Premium Nickel Resources (TSXV:PNRL) EBIT Explanation

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

Premium Nickel Resources'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 )
=	-13.712 * ( 1 - 0% )	/	( (52.378	+	57.303)	/ 2 )
=	-13.712	/	54.8405
=	-25.00 %

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	))
=	61.719	-	3.148	-	( 8.853	-	max(0, 5.041	-	11.234	+	8.853	))
=	52.378

	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	))
=	76.371	-	4.28	-	( 19.246	-	max(0, 5.891	-	20.679	+	19.246	))
=	57.303

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

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

Premium Nickel Resources'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 )
=	-16.02	/	( ( (50.486 + max(-1.262, 0))	+	(55.692 + max(-3.38, 0)) )	/	2 )
=	-16.02	/	( ( 50.486	+	55.692 )	/	2 )
=	-16.02	/	53.089
=	-30.18 %

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	+	1.886)	-	(3.148	+	0	+	0)
=	-1.262

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.9)	-	(4.28	+	0	+	0)
=	-3.38

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:

Premium Nickel Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-11.486	/	154.608
	=	-7.43 %

Premium Nickel Resources EBIT Related Terms

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Premium Nickel Resources (TSXV:PNRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Nickel Resources Ltd (TSXV:PNRL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PNRLF:USA O8S:Germany

Address

100 King Street West, One First Canadian Place, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumnickelresources.ca

Premium Nickel Resources Ltd is a Canadian company dedicated to the exploration and development of high-quality nickel copper + cobalt resources. The company focuses its efforts on discovering nickel sulphide assets in Botswana, Greenland, and Canada. It has one reportable operating segment being that of the acquisition, exploration and development of mineral properties in three geographic segments being Botswana, Greenland and Canada.

Executives

Richard William Keith Morrison

Director, Senior Officer

Premium Nickel Resources (TSXV:PNRL) Headlines

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