Trans Canada Gold (TSXV:TTG) EBIT : C$0.18 Mil (TTM As of Sep. 2024)

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What is Trans Canada Gold EBIT?

Trans Canada Gold's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$0.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$0.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trans Canada Gold's annualized ROC % for the quarter that ended in Sep. 2024 was 57.76%. Trans Canada Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 57.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trans Canada Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.80%.

Trans Canada Gold EBIT Historical Data

The historical data trend for Trans Canada 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.

Trans Canada Gold EBIT Chart

Trans Canada Gold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-0.16

-0.56

-0.31

-0.28

0.04

Trans Canada 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															-0.05	0.10	0.07	-0.07	0.09

Competitive Comparison of Trans Canada Gold's EBIT

For the Oil & Gas E&P subindustry, Trans Canada 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.

Trans Canada Gold's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Trans Canada Gold's EV-to-EBIT distribution charts can be found below:

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

Trans Canada 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$0.18 Mil.

Trans Canada Gold (TSXV:TTG) EBIT Explanation

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

Trans Canada 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 )
=	0.348 * ( 1 - 0% )	/	( (0.452	+	0.753)	/ 2 )
=	0.348	/	0.6025
=	57.76 %

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	))
=	1.015	-	0.189	-	( 0.479	-	max(0, 0.189	-	0.563	+	0.479	))
=	0.452

	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	))
=	1.294	-	0.381	-	( 0.16	-	max(0, 0.381	-	0.58	+	0.16	))
=	0.753

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

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

Trans Canada 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 )
=	0.348	/	( ( (0.452 + max(-0.105, 0))	+	(0.714 + max(0.039, 0)) )	/	2 )
=	0.348	/	( ( 0.452	+	0.753 )	/	2 )
=	0.348	/	0.6025
=	57.76 %

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)
=	(0.071	+	0	+	0.013)	-	(0.189	+	0	+	0)
=	-0.105

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.094	+	0	+	0.326)	-	(0.381	+	0	+	0)
=	0.039

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	0.181	/	2.661
	=	6.80 %

Trans Canada Gold EBIT Related Terms

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Trans Canada Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trans Canada Gold Corp (TSXV:TTG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TTGXF:USA

Address

777 Hornby Street, Suite 900, Vancouver, BC, CAN, V6Z 1Z4

Website

https://www.transcanadagold.com

Trans Canada Gold Corp is a gold and mineral exploration and Oil & Gas Resource Development Company. It is focused on developing its District Scale Gold exploration project in Ontario. The company identifies, acquires and finances the acquisition of gold exploration properties and the ongoing development of mining and oil and gas assets. The company operates in two reportable segments, being exploration of mineral assets and petroleum production.

Executives

Daniel Scholefield	10% Security Holder
Timothy Andrew Coupland	Director, Senior Officer