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Western Atlas Resources (TSXV:WA) EBIT : C$-0.63 Mil (TTM As of Mar. 2024)


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What is Western Atlas Resources EBIT?

Western Atlas Resources's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Western Atlas Resources's annualized ROC % for the quarter that ended in Mar. 2024 was -8.97%. Western Atlas Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Western Atlas Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -34.24%.


Western Atlas Resources EBIT Historical Data

The historical data trend for Western Atlas 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.

Western Atlas Resources EBIT Chart

Western Atlas Resources Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.60 -0.87 -0.67 -1.15 -0.68

Western Atlas 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 -0.16 -0.18 -0.11 -0.22 -0.11

Competitive Comparison of Western Atlas Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Western Atlas 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.


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

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

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



Western Atlas 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$-0.63 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.


Western Atlas Resources  (TSXV:WA) EBIT Explanation

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

Western Atlas 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 )
=-0.444 * ( 1 - 0% )/( (4.94 + 4.956)/ 2 )
=-0.444/4.948
=-8.97 %

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:

Western Atlas 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 )
=-0.444/( ( (4.939 + max(-0.394, 0)) + (4.941 + max(-0.467, 0)) )/ 2 )
=-0.444/( ( 4.939 + 4.941 )/ 2 )
=-0.444/4.94
=-8.99 %

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)
=(0.002 + 0 + 0.009) - (0.405 + 0 + 0)
=-0.394

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.001 + 0 + 0.007) - (0.475 + 0 + 0)
=-0.467

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-0.63/1.840
=-34.24 %

* 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.


Western Atlas Resources EBIT Related Terms

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Western Atlas Resources (TSXV:WA) Business Description

Traded in Other Exchanges
Address
666 Burrard Street, Suite 1700, Park Place, Vancouver, BC, CAN, V6C 2X8
Western Atlas Resources Inc is a mineral exploration company operating in Canada. It has one reportable operating segment in one country, being the exploration of mineral resource properties in Canada. It is principally engaged in the discovery, acquisition, and development of mineral deposits in premier mining jurisdictions. The projects of the company include the Meadowbank project.
Executives
Serafino Iacono 10% Security Holder, Director

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