New Break Resources (XCNQ:NBRK) EBIT : C$-0.74 Mil (TTM As of Sep. 2024)

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What is New Break Resources EBIT?

New Break Resources's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.74 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Break Resources's annualized ROC % for the quarter that ended in Sep. 2024 was -145.88%. New Break Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -151.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. New Break Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -19.97%.

New Break Resources EBIT Historical Data

The historical data trend for New Break 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.

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New Break Resources EBIT Chart

New Break Resources Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.82

-1.33

-1.11

New Break Resources Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial									-0.41	-0.21	-0.15	-0.17	-0.21

Competitive Comparison of New Break Resources's EBIT

For the Gold subindustry, New Break 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.

New Break Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

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New Break 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.74 Mil.

New Break Resources (XCNQ:NBRK) EBIT Explanation

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

New Break Resources'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 )
=	-0.868 * ( 1 - 0% )	/	( (0.593	+	0.597)	/ 2 )
=	-0.868	/	0.595
=	-145.88 %

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	))
=	0.644	-	0.118	-	( 0.073	-	max(0, 0.168	-	0.101	+	0.073	))
=	0.593

	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	))
=	0.637	-	0.162	-	( 0.052	-	max(0, 0.216	-	0.094	+	0.052	))
=	0.597

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

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

New Break Resources'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 )
=	-0.824	/	( ( (0.543 + max(-0.161, 0))	+	(0.543 + max(-0.197, 0)) )	/	2 )
=	-0.824	/	( ( 0.543	+	0.543 )	/	2 )
=	-0.824	/	0.543
=	-151.75 %

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	+	0.007)	-	(0.118	+	0	+	0.05)
=	-0.161

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.019)	-	(0.162	+	0	+	0.054)
=	-0.197

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-0.735	/	3.681
	=	-19.97 %

New Break Resources EBIT Related Terms

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New Break Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.newbreakresources.ca

New Break Resources Ltd is a Canadian mineral exploration company with a dual vision for value creation. In northern Ontario, New Break is focused on its Moray Project, in a well-established mining camp, within proximity to existing infrastructure, while through its highly prospective Nunavut properties that include the Sundog and Esker Projects, it provides shareholders with exposure to the vast potential for exploration success in one of the most up and coming regions in Canada for gold exploration and production.

Executives

Michael Hugh Farrant	Senior Officer
Ross Quigley	10% Security Holder
William Donald Love	Senior Officer
Gordon Garfield Morrison	Director
Andrew Frederic De Paula Malim	Director

New Break Resources Headlines

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