Free Battery Metal (XCNQ:FREE) EBIT : C$-0.20 Mil (TTM As of Sep. 2024)

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What is Free Battery Metal EBIT?

Free Battery Metal's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Free Battery Metal's annualized ROC % for the quarter that ended in Sep. 2024 was %. Free Battery Metal'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. Free Battery Metal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -34.97%.

Free Battery Metal EBIT Historical Data

The historical data trend for Free Battery Metal'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.

Free Battery Metal EBIT Chart

Free Battery Metal Annual Data

Trend

May11

May12

May13

May14

May22

May23

EBIT

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-0.08

-0.26

-0.18

-0.07

-0.15

Free Battery Metal Quarterly Data
	Aug13	Nov13	Feb14	May14	Aug14	Nov20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															-0.19	-0.15	-	-0.02	-0.02

Competitive Comparison of Free Battery Metal's EBIT

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

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

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

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

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Free Battery Metal 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$-0.20 Mil.

Free Battery Metal (XCNQ:FREE) EBIT Explanation

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

Free Battery Metal'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 )
=	-0.092 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.092	/	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	))
=	0.191	-	0.142	-	( 0.166	-	max(0, 0.142	-	0.191	+	0.166	))
=	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	))
=	0.156	-	0.13	-	( 0.132	-	max(0, 0.13	-	0.156	+	0.132	))
=	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:

Free Battery Metal'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 )
=	-0.092	/	( ( (0 + max(-0.141, 0))	+	(0 + max(-0.13, 0)) )	/	2 )
=	-0.092	/	( ( 0	+	0 )	/	2 )
=	-0.092	/	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	+	0.001)	-	(0.142	+	0	+	0)
=	-0.141

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.13	+	0	+	0)
=	-0.13

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-0.199	/	0.569
	=	-34.97 %

Free Battery Metal EBIT Related Terms

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Free Battery Metal Business Description

Industry

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Traded in Other Exchanges

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Address

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

Website

https://febatterymetals.com

Free Battery Metal Ltd is a Toronto-based exploration and development company focused on the acquisition, exploration, and development of mineral properties that are prospective for lithium and other metals.