Mosaic Minerals (XCNQ:MOC) EBIT : C$-1.34 Mil (TTM As of Sep. 2024)

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What is Mosaic Minerals EBIT?

Mosaic Minerals's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-1.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mosaic Minerals's annualized ROC % for the quarter that ended in Sep. 2024 was -52.34%. Mosaic Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -67.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mosaic Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -59.10%.

Mosaic Minerals EBIT Historical Data

The historical data trend for Mosaic Minerals'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.

Mosaic Minerals EBIT Chart

Mosaic Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.20

-0.13

-1.32

-0.76

-1.46

Mosaic Minerals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															-0.29	-0.58	-0.13	-0.39	-0.24

Competitive Comparison of Mosaic Minerals's EBIT

For the Gold subindustry, Mosaic Minerals'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.

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

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

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

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Mosaic Minerals 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.34 Mil.

Mosaic Minerals (XCNQ:MOC) EBIT Explanation

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

Mosaic Minerals's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-0.96 * ( 1 - 18.33% )	/	( (1.499	+	1.497)	/ 2 )
=	-0.784032	/	1.498
=	-52.34 %

where

	Invested Capital		(Q: Jun. 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	))
=	1.964	-	0.136	-	( 0.33	-	max(0, 0.206	-	0.535	+	0.33	))
=	1.499

	Invested Capital		(Q: Sep. 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	))
=	1.679	-	0.091	-	( 0.091	-	max(0, 0.116	-	0.257	+	0.091	))
=	1.497

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

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

Mosaic Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.96	/	( ( (1.42 + max(-0.133, 0))	+	(1.42 + max(-0.086, 0)) )	/	2 )
=	-0.96	/	( ( 1.42	+	1.42 )	/	2 )
=	-0.96	/	1.42
=	-67.61 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.073)	-	(0.136	+	0	+	0.07)
=	-0.133

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.03)	-	(0.091	+	0	+	0.025)
=	-0.086

When net working capital is negative, 0 is used.

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

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

Mosaic Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-1.338	/	2.264
	=	-59.10 %

Mosaic Minerals EBIT Related Terms

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Mosaic Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mosaic Minerals Corp (XCNQ:MOC) » Definitions » EBIT

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Traded in Other Exchanges

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Address

410 St-Nicolas, Suite 236, Montreal, QC, CAN, H2Y2P5

Website

https://www.mosaicminerals.ca

Mosaic Minerals Corp specializes in the exploration of gold and lithium mining sites located in the province of Quebec, Canada. It has focused on the research, exploration, and development of base metal projects focusing on copper and nickel. The company's project portfolio includes Lithium projects, Gaboury, Lichen, and 113 North.

Executives