Hi-View Resources (XCNQ:HVW) EBIT : C$-0.47 Mil (TTM As of Mar. 2024)

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What is Hi-View Resources EBIT?

Hi-View Resources's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hi-View Resources's annualized ROC % for the quarter that ended in Mar. 2024 was -13.32%. Hi-View Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -13.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hi-View Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -71.02%.

Hi-View Resources EBIT Historical Data

The historical data trend for Hi-View 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.

Hi-View Resources EBIT Chart

Hi-View Resources Annual Data

Trend

Sep21

Sep22

Sep23

EBIT

-0.16

-0.45

Hi-View Resources Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial						-0.04	-0.11	-0.28	-0.05	-0.04

Competitive Comparison of Hi-View Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Hi-View 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.

Hi-View Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Hi-View 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.47 Mil.

Hi-View Resources (XCNQ:HVW) EBIT Explanation

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

Hi-View Resources'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 )
=	-0.144 * ( 1 - 0% )	/	( (1.081	+	1.081)	/ 2 )
=	-0.144	/	1.081
=	-13.32 %

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	))
=	1.178	-	0.081	-	( 0.074	-	max(0, 0.081	-	0.097	+	0.074	))
=	1.081

	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	))
=	1.148	-	0.088	-	( 0.064	-	max(0, 0.088	-	0.067	+	0.064	))
=	1.081

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

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

Hi-View Resources'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 )
=	-0.144	/	( ( (1.08 + max(-0.073, 0))	+	(1.081 + max(-0.085, 0)) )	/	2 )
=	-0.144	/	( ( 1.08	+	1.081 )	/	2 )
=	-0.144	/	1.0805
=	-13.33 %

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)
=	(0.009	+	0	+	-0.001)	-	(0.081	+	0	+	0)
=	-0.073

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.003	+	0	+	0)	-	(0.088	+	0	+	0)
=	-0.085

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:

Hi-View Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.468	/	0.659
	=	-71.02 %

Hi-View Resources EBIT Related Terms

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Hi-View Resources (XCNQ:HVW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hi-View Resources Inc (XCNQ:HVW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

B63:Germany

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

Hi-View Resources Inc is engaged in the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Ket 28 Option on the Ket 28 Property located in the Greenwood Mining Division in south-central British Columbia.

Executives

Steve Mathiesen

Director, Senior Officer

Hi-View Resources (XCNQ:HVW) Headlines

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