Moonbound Mining (XCNQ:MML) EBIT : C$-0.65 Mil (TTM As of Jan. 2024)

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What is Moonbound Mining EBIT?

Moonbound Mining's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was C$-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Moonbound Mining's annualized ROC % for the quarter that ended in Jan. 2024 was -4.72%. Moonbound Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -47.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Moonbound Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -1.77%.

Moonbound Mining EBIT Historical Data

The historical data trend for Moonbound 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.

Moonbound Mining EBIT Chart

Moonbound Mining Annual Data

Trend

Apr22

Apr23

EBIT

-0.12

Moonbound Mining Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial				-0.06	-0.04	-0.17	-0.26	-0.19

Competitive Comparison of Moonbound Mining's EBIT

For the Other Industrial Metals & Mining subindustry, Moonbound 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.

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

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

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

Moonbound 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.65 Mil.

Moonbound Mining (XCNQ:MML) EBIT Explanation

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

Moonbound Mining's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	-0.744 * ( 1 - 0% )	/	( (3.027	+	28.501)	/ 2 )
=	-0.744	/	15.764
=	-4.72 %

where

	Invested Capital		(Q: Oct. 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	))
=	3.195	-	0.104	-	( 0.064	-	max(0, 0.104	-	0.173	+	0.064	))
=	3.027

	Invested Capital		(Q: Jan. 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	))
=	26.65	-	0.287	-	( 1.306	-	max(0, 3.467	-	1.329	+	1.306	))
=	28.501

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.744	/	( ( (3.022 + max(-0.004, 0))	+	(0.105 + max(-0.287, 0)) )	/	2 )
=	-0.744	/	( ( 3.022	+	0.105 )	/	2 )
=	-0.744	/	1.5635
=	-47.59 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.1)	-	(0.104	+	0	+	0)
=	-0.004

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.287	+	0	+	0)
=	-0.287

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	-0.652	/	36.869
	=	-1.77 %

Moonbound Mining EBIT Related Terms

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Moonbound Mining (XCNQ:MML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Moonbound Mining Ltd (XCNQ:MML) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

https://www.mmlmining.ca

Moonbound Mining Ltd is a mineral exploration and development company focused on the Yak Property in Northwestern British Columbia, Canada. The Company's principal business activities include the acquisition and exploration of mineral property assets.

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