Western Star Resources (Western Star Resources) EBIT : $-0.42 Mil (TTM As of Dec. 2023)

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What is Western Star Resources EBIT?

Western Star Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.06 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Western Star Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -31.61%. Western Star Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Western Star Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -117.23%.

Western Star Resources EBIT Historical Data

The historical data trend for Western Star 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 Star Resources EBIT Chart

Western Star Resources Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.17

-0.13

-0.42

Western Star Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial				-0.04	-0.03	-0.09	-0.24	-0.06

Competitive Comparison of Western Star Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Western Star 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 Star Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Western Star 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.42 Mil.

Western Star Resources (OTCPK:WSRIF) EBIT Explanation

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

Western Star Resources'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 )
=	-0.248 * ( 1 - 0% )	/	( (0.695	+	0.874)	/ 2 )
=	-0.248	/	0.7845
=	-31.61 %

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	))
=	0.73	-	0.084	-	( 0.017	-	max(0, 0.084	-	0.035	+	0.017	))
=	0.695

	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	))
=	0.862	-	0.128	-	( 0.001	-	max(0, 0.162	-	0.022	+	0.001	))
=	0.874

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

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

Western Star Resources'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 )
=	-0.24	/	( ( (0.679 + max(-0.085, 0))	+	(0.794 + max(-0.129, 0)) )	/	2 )
=	-0.24	/	( ( 0.679	+	0.794 )	/	2 )
=	-0.24	/	0.7365
=	-32.59 %

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	+	0	+	-0.001)	-	(0.084	+	0	+	0)
=	-0.085

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.001)	-	(0.128	+	0	+	0)
=	-0.129

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.415	/	0.354
	=	-117.23 %

Western Star Resources EBIT Related Terms

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Western Star Resources (Western Star Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Star Resources Inc (OTCPK:WSRIF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WSR:Canada

Address

8988 Fraserton Court, Unit 114B, Burnaby, BC, CAN, V5J 5H8

Website

Western Star Resources Inc is a mineral exploration and development company. Its activities consist of acquiring, exploring, developing, and operating mining properties.

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