American Tungsten (XCNQ:TUNG) EBIT : C$-0.38 Mil (TTM As of Sep. 2024)

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What is American Tungsten EBIT?

American Tungsten's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.38 Mil.

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

EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Tungsten's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -1.55%.

American Tungsten EBIT Historical Data

The historical data trend for American Tungsten'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.

American Tungsten EBIT Chart

American Tungsten Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-0.23

-0.50

American Tungsten Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial								-0.15	-0.19	-0.06	-0.06	-0.08

Competitive Comparison of American Tungsten's EBIT

For the Other Industrial Metals & Mining subindustry, American Tungsten'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.

American Tungsten's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

American Tungsten 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$-0.38 Mil.

American Tungsten (XCNQ:TUNG) EBIT Explanation

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

American Tungsten'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 )
=	-0.308 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.308	/	0
=	%

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	))
=	0.039	-	0.094	-	( 0.022	-	max(0, 0.094	-	0.039	+	0.022	))
=	0

	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	))
=	0.024	-	0.134	-	( 0.006	-	max(0, 0.134	-	0.024	+	0.006	))
=	0

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

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

American Tungsten'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 )
=	-0.308	/	( ( (0 + max(-0.094, 0))	+	(0 + max(-0.134, 0)) )	/	2 )
=	-0.308	/	( ( 0	+	0 )	/	2 )
=	-0.308	/	0
=	%

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)	-	(0.094	+	0	+	0)
=	-0.094

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.134	+	0	+	0)
=	-0.134

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:

American Tungsten's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-0.384	/	24.823
	=	-1.55 %

American Tungsten EBIT Related Terms

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American Tungsten Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Tungsten Corp (XCNQ:TUNG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DEMRF:USA RK90:Germany

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.americantungstencorp.com

American Tungsten Corp is a Canadian exploration company focused on advancing high-grade magnetite mineral properties. Its flagship asset, the IMA Mine Project in Idaho, is a past-producing tungsten property with historical output. With an option to secure 100 percent ownership, American Tungsten is strategically positioned to capitalize on the growing demand for critical minerals. The company also holds the Star Project, spanning approximately 4,615.75 hectares in British Columbia's renowned Skeena Mining Division area known for rich mineral deposits.

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