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Sparton Resources (TSXV:SRI) EBIT : C$-0.58 Mil (TTM As of Mar. 2024)


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What is Sparton Resources EBIT?

Sparton Resources's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sparton Resources's annualized ROC % for the quarter that ended in Mar. 2024 was -73.05%. Sparton Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3,578.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sparton Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -10.03%.


Sparton Resources EBIT Historical Data

The historical data trend for Sparton 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.

Sparton Resources EBIT Chart

Sparton Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.19 -0.69 -0.35 -0.35 -0.33

Sparton Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.10 0.01 -0.10 -0.16 -0.33

Competitive Comparison of Sparton Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Sparton 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.


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

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

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



Sparton 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.58 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.


Sparton Resources  (TSXV:SRI) EBIT Explanation

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

Sparton Resources's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-1.324 * ( 1 - 0% )/( (1.817 + 1.808)/ 2 )
=-1.324/1.8125
=-73.05 %

where

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

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

Sparton Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.324/( ( (0.042 + max(-0.103, 0)) + (0.032 + max(-0.19, 0)) )/ 2 )
=-1.324/( ( 0.042 + 0.032 )/ 2 )
=-1.324/0.037
=-3,578.38 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.223 + 0 + 0.012) - (0.338 + 0 + -1.1102230246252E-16)
=-0.103

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.049 + 0 + 0.008) - (0.247 + 0 + 0)
=-0.19

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-0.579/5.770
=-10.03 %

* 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.


Sparton Resources EBIT Related Terms

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Sparton Resources (TSXV:SRI) Business Description

Traded in Other Exchanges
Address
82 Richmond Street East, Toronto, ON, CAN, M5C 1P1
Sparton Resources Inc is an exploration and development stage company and has interests in exploration and evaluation properties in Canada and China. It focuses on financing exploration for several resource projects and seeking new business for the drilling operation. Through its subsidiaries, it is also into the development of the vanadium redox flow battery. The company's other properties include Bruell Gold Property and Sir Harry Oakes Gold Property in Canada.
Executives
Yongbiao Ding Senior Officer