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IC Capitalight (XCNQ:IC) EBIT : C$-0.34 Mil (TTM As of Mar. 2024)


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What is IC Capitalight EBIT?

IC Capitalight's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IC Capitalight's annualized ROC % for the quarter that ended in Mar. 2024 was -258.17%. IC Capitalight's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -32,400.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IC Capitalight's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -7.09%.


IC Capitalight EBIT Historical Data

The historical data trend for IC Capitalight'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.

IC Capitalight EBIT Chart

IC Capitalight Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.45 -0.61 0.21 -0.24 -0.43

IC Capitalight Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.20 -0.31 -0.11 0.16 -0.08

Competitive Comparison of IC Capitalight's EBIT

For the Asset Management subindustry, IC Capitalight'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.


IC Capitalight's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, IC Capitalight's EV-to-EBIT distribution charts can be found below:

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



IC Capitalight 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$-0.34 Mil.

* 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.


IC Capitalight  (XCNQ:IC) EBIT Explanation

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

IC Capitalight'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 )
=-0.324 * ( 1 - 0% )/( (0.156 + 0.095)/ 2 )
=-0.324/0.1255
=-258.17 %

where

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

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

IC Capitalight'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 )
=-0.324/( ( (0.001 + max(-0.375, 0)) + (0.001 + max(-0.341, 0)) )/ 2 )
=-0.324/( ( 0.001 + 0.001 )/ 2 )
=-0.324/0.001
=-32,400.00 %

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)
=(0.066 + 0 + 0.028) - (0.34 + 0.129 + -5.5511151231258E-17)
=-0.375

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.027 + 0 + 0.024) - (0.322 + 0.07 + 0)
=-0.341

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:

IC Capitalight's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-0.337/4.753
=-7.09 %

* 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.


IC Capitalight EBIT Related Terms

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IC Capitalight (XCNQ:IC) Business Description

Traded in Other Exchanges
N/A
Address
7934 Government Road, Burnaby, BC, CAN, V5A 2E2
IC Capitalight Corp is a Canada-based merchant bank engaged in the business of pursuing value-based investment opportunities. It is focused on providing shareholders with long-term capital growth by investing in a portfolio of undervalued companies, assets, or investment vehicles within the mineral resource and other sectors.
Executives
Brian Gerald Bosse Director, Senior Officer

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