Great Republic Mining (XCNQ:GRM) EBIT : C$-0.19 Mil (TTM As of Mar. 2024)

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What is Great Republic Mining EBIT?

Great Republic Mining's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great Republic Mining's annualized ROC % for the quarter that ended in Mar. 2024 was -62.81%. Great Republic Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -62.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Great Republic Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -273.53%.

Great Republic Mining EBIT Historical Data

The historical data trend for Great Republic Mining'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.

Great Republic Mining EBIT Chart

Great Republic Mining Annual Data

Trend

Jun21

Jun22

Jun23

EBIT

-0.01

-0.12

Great Republic Mining Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								-0.01	-0.05	-0.01	-0.09	-0.04

Competitive Comparison of Great Republic Mining's EBIT

For the Other Industrial Metals & Mining subindustry, Great Republic Mining'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.

Great Republic Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Great Republic Mining's EV-to-EBIT falls into.

Great Republic Mining 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.19 Mil.

Great Republic Mining (XCNQ:GRM) EBIT Explanation

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

Great Republic Mining's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-0.152 * ( 1 - 0% )	/	( (0.228	+	0.256)	/ 2 )
=	-0.152	/	0.242
=	-62.81 %

where

	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	))
=	0.552	-	0.065	-	( 0.319	-	max(0, 0.065	-	0.324	+	0.319	))
=	0.228

	Invested Capital		(Q: Mar. 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	))
=	0.539	-	0.067	-	( 0.277	-	max(0, 0.067	-	0.283	+	0.277	))
=	0.256

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

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

Great Republic Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.152	/	( ( (0.229 + max(-0.065, 0))	+	(0.256 + max(-0.067, 0)) )	/	2 )
=	-0.152	/	( ( 0.229	+	0.256 )	/	2 )
=	-0.152	/	0.2425
=	-62.68 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.065	+	0	+	0)
=	-0.065

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-5.5511151231258E-17)	-	(0.067	+	0	+	0)
=	-0.067

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Great Republic Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.186	/	0.068
	=	-273.53 %

Great Republic Mining EBIT Related Terms

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Great Republic Mining (XCNQ:GRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Republic Mining Corp (XCNQ:GRM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

303-543 Granville Street, Vancouver, BC, CAN, V6C 1X8

Website

https://www.greatrepublic.ca

Great Republic Mining Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. It is an exploration stage mining company with one exploration property, the Porcher Mineral Property located in the Skeena Mining Division, British Columbia. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Porcher Island Project.

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