Strategic Resources (TSXV:SR) EBIT: C$-23.37 Mil (TTM As of Mar. 2023)


TSXV:SR Strategic Resources Inc TSXV:SR
35 GF Score
Price C$0.27
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What is Strategic Resources EBIT?

Strategic Resources TSXV:SR -1.82% 35 EBIT is C$-23.37 Mil as of Mar. 2023. GuruFocus rates TSXV:SR with a GF Score™ of 35/100.

Strategic Resources's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was C$-22.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was C$-23.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Strategic Resources's annualized ROC % for the quarter that ended in Mar. 2023 was -8.66%. Strategic Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -114.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Strategic Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -134.21%.

Strategic Resources  (TSXV:SR) EBIT Explanation

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

Strategic Resources's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-7.032 * ( 1 - 0% )/( (4.146 + 158.274)/ 2 )
=-7.032/81.21
=-8.66 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=4.338 - 0.254 - ( 0.129 - max(0, 0.254 - 0.192+0.129))
=4.146

Invested Capital(Q: Mar. 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))
=179.534 - 11.21 - ( 12.845 - max(0, 14.314 - 24.364+12.845))
=158.274

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

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

Strategic Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-90.036/( ( (4.106 + max(-0.213, 0)) + (153.841 + max(-2.673, 0)) )/ 2 )
=-90.036/( ( 4.106 + 153.841 )/ 2 )
=-90.036/78.9735
=-114.01 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.041) - (0.254 + 0 + 0)
=-0.213

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 11.014) - (11.21 + 0 + 2.477)
=-2.673

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-23.37/17.413
=-134.21 %

* 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.

Strategic Resources EBIT Related Terms

Strategic Resources EBIT Historical Data

* Premium members only.

The historical data trend for Strategic 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.

Strategic Resources EBIT Chart

Strategic Resources Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.22 -0.06 -1.91 -1.64 -1.54

Strategic Resources Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -0.36 -0.26 -0.25 -0.35 -22.51

Strategic Resources EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Strategic 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.

Strategic Resources EV-to-EBIT vs Metals & Mining Industry

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

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


TSXV:SR
35GF Score
Strategic Resources Inc TSXV:SR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Strategic 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-23.37 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of C$-23.37 Mil mean?
Strategic Resources (TSXV:SR) has a EBIT of C$-23.37 Mil as of Mar. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Strategic Resources.
Is Strategic Resources' EBIT too high?
Strategic Resources' current EBIT is C$-23.37 Mil. Overall, Strategic Resources has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Strategic Resources' EBIT compare to competitors?
Strategic Resources' EBIT of C$-23.37 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Strategic Resources. Strategic Resources's current EBIT is C$-23.37 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strategic Resources stock overvalued right now?
Strategic Resources (TSXV:SR) has a current EBIT of C$-23.37 Mil. The current EBIT is C$-23.37 Mil. Strategic Resources' overall GF Score™ is 35/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Strategic Resources (TSXV:SR), the current EBIT is C$-23.37 Mil as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Strategic Resources Business Description

Address 1155 Metcalfe Street, Suite 1539, Montreal, QC, CAN, H3B 2V6
Strategic Resources Inc is a mineral exploration and development company engaged in the acquisition, exploration, and development of vanadium, metallic iron, and critical minerals. The company has assets in two mining jurisdictions, including the BlackRock Vanadium-Titanium-Iron Project in Chibougamau, Quebec, where it is developing a mining property and pellet plant in Saguenay, Quebec. The company also holds the Mustavaara vanadium project in Finland. Strategic Resources supplies metallic iron for foundry and steel producers in North America and Europe.
35GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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