Spanish Mountain Gold (TSXV:SPA) EBIT : C$-2.66 Mil (TTM As of Sep. 2024)

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What is Spanish Mountain Gold EBIT?

Spanish Mountain Gold's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-2.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spanish Mountain Gold's annualized ROC % for the quarter that ended in Sep. 2024 was -3.62%. Spanish Mountain Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -2.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spanish Mountain Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -6.15%.

Spanish Mountain Gold EBIT Historical Data

The historical data trend for Spanish Mountain 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.

Spanish Mountain Gold EBIT Chart

Spanish Mountain Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.94

-1.14

-1.04

-2.33

Spanish Mountain Gold 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															-0.52	-0.93	-0.50	-0.65	-0.58

Competitive Comparison of Spanish Mountain Gold's EBIT

For the Gold subindustry, Spanish Mountain 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.

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

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

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

Spanish Mountain 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.66 Mil.

Spanish Mountain Gold (TSXV:SPA) EBIT Explanation

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

Spanish Mountain Gold'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 )
=	-3.5 * ( 1 - 0% )	/	( (95.626	+	97.916)	/ 2 )
=	-3.5	/	96.771
=	-3.62 %

where

	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	))
=	99.957	-	0.671	-	( 4.171	-	max(0, 0.734	-	4.394	+	4.171	))
=	95.626

	Invested Capital		(Q: Sep. 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	))
=	99.625	-	0.707	-	( 1.407	-	max(0, 0.77	-	1.772	+	1.407	))
=	97.916

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

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

Spanish Mountain Gold'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 )
=	-2.3	/	( ( (95.461 + max(-0.603, 0))	+	(97.751 + max(-0.612, 0)) )	/	2 )
=	-2.3	/	( ( 95.461	+	97.751 )	/	2 )
=	-2.3	/	96.606
=	-2.38 %

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	+	0.068)	-	(0.671	+	0	+	0)
=	-0.603

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.094)	-	(0.707	+	0	+	-0.00099999999999989)
=	-0.612

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-2.664	/	43.313
	=	-6.15 %

Spanish Mountain Gold EBIT Related Terms

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Spanish Mountain Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spanish Mountain Gold Ltd (TSXV:SPA) » Definitions » EBIT

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Traded in Other Exchanges

SPAZF:USA S3Y:Germany S3Y:Germany

Address

1111 Melville Street, Suite 910, Vancouver, BC, CAN, V6E 3V6

Website

https://www.spanishmountaingold.com

Spanish Mountain Gold Ltd is an exploration stage resource company. It is focused on de-risking and optimizing its Spanish Mountain gold project in southern central British Columbia. The company has one operating segment being the Mineral exploration, and all of its long-term assets are located in Canada.

Executives