FE Battery Metals (XCNQ:FE) EBIT : C$-5.69 Mil (TTM As of Dec. 2023)

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What is FE Battery Metals EBIT?

FE Battery Metals's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-1.85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-5.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FE Battery Metals's annualized ROC % for the quarter that ended in Dec. 2023 was -92.31%. FE Battery Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -97.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FE Battery Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -173.54%.

FE Battery Metals EBIT Historical Data

The historical data trend for FE Battery Metals'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.

FE Battery Metals EBIT Chart

FE Battery Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-0.67

-0.42

-2.30

-4.41

-5.60

FE Battery Metals Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Dec22	Mar23	Dec23
EBIT	Get a 7-Day Free Trial															-0.88	-	-0.46	-3.85	-1.85

Competitive Comparison of FE Battery Metals's EBIT

For the Other Industrial Metals & Mining subindustry, FE Battery Metals'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.

FE Battery Metals's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where FE Battery Metals's EV-to-EBIT falls into.

FE Battery Metals 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$-5.69 Mil.

FE Battery Metals (XCNQ:FE) EBIT Explanation

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

FE Battery Metals'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: Mar. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-7.384 * ( 1 - 0% )	/	( (8.197	+	7.802)	/ 2 )
=	-7.384	/	7.9995
=	-92.31 %

where

	Invested Capital		(Q: Mar. 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	))
=	13.011	-	2.819	-	( 4.402	-	max(0, 3.512	-	5.507	+	4.402	))
=	8.197

	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	))
=	10.727	-	0.753	-	( 2.504	-	max(0, 0.911	-	3.083	+	2.504	))
=	7.802

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

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

FE Battery Metals'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: Mar. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.384	/	( ( (7.494 + max(-3.512, 0))	+	(7.633 + max(-0.911, 0)) )	/	2 )
=	-7.384	/	( ( 7.494	+	7.633 )	/	2 )
=	-7.384	/	7.5635
=	-97.63 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2.819	+	0	+	0.693)
=	-3.512

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.753	+	0	+	0.158)
=	-0.911

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:

FE Battery Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-5.692	/	3.280
	=	-173.54 %

FE Battery Metals EBIT Related Terms

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FE Battery Metals (XCNQ:FE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » FE Battery Metals Corp (XCNQ:FE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FEMFF:USA V95:Germany

Address

1055 West Georgia Street, Suite 2421, Vancouver, BC, CAN, V6E 3P3

Website

https://www.febatterymetals.com

FE Battery Metals Corp is focused on identifying, exploring, and advancing early-stage lithium pegmatite projects in Canada. The company's projects include Augustus Lithium Property, Falcon Lake Lithium Property, and North Spirit Lithium Property.

Executives

Craig Steven Alford

Director