Cumberland Resources Nickel (XCNQ:LAND) EBIT : C$-0.13 Mil (TTM As of Mar. 2024)

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What is Cumberland Resources Nickel EBIT?

Cumberland Resources Nickel's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.13 Mil.

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

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cumberland Resources Nickel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -24.25%.

Cumberland Resources Nickel EBIT Historical Data

The historical data trend for Cumberland Resources Nickel'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.

Cumberland Resources Nickel EBIT Chart

Cumberland Resources Nickel Annual Data

Trend

Sep21

Sep22

Sep23

EBIT

-0.04

-1.08

-0.93

Cumberland Resources Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								-0.10	-0.05	-0.05	-0.01	-0.02

Competitive Comparison of Cumberland Resources Nickel's EBIT

For the Other Industrial Metals & Mining subindustry, Cumberland Resources Nickel'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.

Cumberland Resources Nickel's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Cumberland Resources Nickel 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$-0.13 Mil.

Cumberland Resources Nickel (XCNQ:LAND) EBIT Explanation

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

Cumberland Resources Nickel'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 )
=	-0.084 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.084	/	0
=	%

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	))
=	0.146	-	0.038	-	( 0.146	-	max(0, 0.038	-	0.146	+	0.146	))
=	0

	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	))
=	0.12	-	0.033	-	( 0.12	-	max(0, 0.033	-	0.12	+	0.12	))
=	0

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

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

Cumberland Resources Nickel'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 )
=	-0.084	/	( ( (0 + max(-0.038, 0))	+	(0 + max(-0.033, 0)) )	/	2 )
=	-0.084	/	( ( 0	+	0 )	/	2 )
=	-0.084	/	0
=	%

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)	-	(0.038	+	0	+	0)
=	-0.038

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.033	+	0	+	0)
=	-0.033

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:

Cumberland Resources Nickel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.13	/	0.536
	=	-24.25 %

Cumberland Resources Nickel EBIT Related Terms

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Cumberland Resources Nickel (XCNQ:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cumberland Resources Nickel Corp (XCNQ:LAND) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

Cumberland Resources Nickel Corp is focused on exploring and developing its mineral properties. It holds a 100% interest in the St. Anthony Property located in Newfoundland, Canada.