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Western Gold Exploration (TSXV:WGLD) EBIT : C$-2.14 Mil (TTM As of Sep. 2024)


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What is Western Gold Exploration EBIT?

Western Gold Exploration's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-2.14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Western Gold Exploration's annualized ROC % for the quarter that ended in Sep. 2024 was -421.32%. Western Gold Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -435.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Western Gold Exploration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -51.31%.


Western Gold Exploration EBIT Historical Data

The historical data trend for Western Gold Exploration'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 Gold Exploration EBIT Chart

Western Gold Exploration Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-0.20 -4.29 -1.41 -1.96 -1.70

Western Gold Exploration 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 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 -0.50 -0.67 -0.59 -0.22 -0.66

Competitive Comparison of Western Gold Exploration's EBIT

For the Gold subindustry, Western Gold Exploration'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 Gold Exploration's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



Western Gold Exploration 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$-2.14 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 Gold Exploration  (TSXV:WGLD) EBIT Explanation

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

Western Gold Exploration'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 )
=-2.648 * ( 1 - 0% )/( (0.696 + 0.561)/ 2 )
=-2.648/0.6285
=-421.32 %

where

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

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

Western Gold Exploration'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 )
=-2.648/( ( (0.563 + max(0.093, 0)) + (0.561 + max(-0.009, 0)) )/ 2 )
=-2.648/( ( 0.656 + 0.561 )/ 2 )
=-2.648/0.6085
=-435.17 %

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 + 0.19) - (0.097 + 0 + 0)
=0.093

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.003) - (0.012 + 0 + 0)
=-0.009

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-2.138/4.167
=-51.31 %

* 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 Gold Exploration EBIT Related Terms

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Western Gold Exploration Business Description

Traded in Other Exchanges
N/A
Address
421 - 7th Avenue SW, Suite 1600, Calgary, AB, CAN, T2P 4K9
Western Gold Exploration Ltd is a mineral exploration company. The company is engaged in the exploration and development of its prospective mineral properties located in Argyll County in western Scotland. The company focuses on Gold and copper exploration and development.
Executives
Ross Mclellan Director, Senior Officer

Western Gold Exploration Headlines