Zodiac Gold (TSXV:ZAU) EBIT : C$-0.75 Mil (TTM As of Dec. 2023)

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What is Zodiac Gold EBIT?

Zodiac Gold's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zodiac Gold's annualized ROC % for the quarter that ended in Dec. 2023 was -251.59%. Zodiac Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,830.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zodiac Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.06%.

Zodiac Gold EBIT Historical Data

The historical data trend for Zodiac 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.

Zodiac Gold EBIT Chart

Zodiac Gold Annual Data

Trend

Mar22

Mar23

EBIT

-3.51

-1.92

Zodiac Gold Quarterly Data
	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial			-0.01	-	-0.38	-0.03	-0.34

Competitive Comparison of Zodiac Gold's EBIT

For the Gold subindustry, Zodiac 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.

Zodiac Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Zodiac 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.75 Mil.

Zodiac Gold (TSXV:ZAU) EBIT Explanation

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

Zodiac Gold's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.268 * ( 1 - 0% )	/	( (0.082	+	0.926)	/ 2 )
=	-1.268	/	0.504
=	-251.59 %

where

	Invested Capital		(Q: Sep. 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	))
=	0.532	-	0.028	-	( 0.422	-	max(0, 0.028	-	0.532	+	0.422	))
=	0.082

	Invested Capital		(Q: Dec. 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	))
=	0.322	-	1.087	-	( 0.03	-	max(0, 1.865	-	0.174	+	0.03	))
=	0.926

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

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

Zodiac Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.364	/	( ( (0 + max(-0.019, 0))	+	(0.149 + max(-1.332, 0)) )	/	2 )
=	-1.364	/	( ( 0	+	0.149 )	/	2 )
=	-1.364	/	0.0745
=	-1,830.87 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.009	+	0	+	0)	-	(0.028	+	0	+	0)
=	-0.019

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.145	+	0	+	-0.001)	-	(1.087	+	0	+	0.389)
=	-1.332

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.751	/	4.675
	=	-16.06 %

Zodiac Gold EBIT Related Terms

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Zodiac Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zodiac Gold Inc (TSXV:ZAU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

https://www.zodiac-gold.com

Zodiac Gold Inc is a gold exploration company focused on its prospective portfolio of gold properties in Liberia, West Africa. The company's flagship Todi gold project located along the Todi shear zone.

Executives

Mark J. Kol

Director

Zodiac Gold Headlines

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