Prospect Ridge Resources (XCNQ:PRR) EBIT : C$-2.24 Mil (TTM As of Aug. 2024)

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What is Prospect Ridge Resources EBIT?

Prospect Ridge Resources's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2024 was C$-1.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was C$-2.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Prospect Ridge Resources's annualized ROC % for the quarter that ended in Aug. 2024 was -80.14%. Prospect Ridge Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -85.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Prospect Ridge Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 399.46%.

Prospect Ridge Resources EBIT Historical Data

The historical data trend for Prospect Ridge 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.

* Premium members only.

Prospect Ridge Resources EBIT Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Aug24

EBIT

-1.65

-4.10

-2.22

-2.62

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
EBIT	Get a 7-Day Free Trial											-0.99	-0.39	-0.39	-0.38	-1.07

Competitive Comparison of Prospect Ridge Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Prospect Ridge 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.

Prospect Ridge Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Prospect Ridge 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.24 Mil.

Prospect Ridge Resources (XCNQ:PRR) EBIT Explanation

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

Prospect Ridge Resources's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

	ROC % (Q: Aug. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2024 )	+	Invested Capital (Q: Aug. 2024 ))	/ count )
=	-4.208 * ( 1 - 0% )	/	( (5.33	+	5.172)	/ 2 )
=	-4.208	/	5.251
=	-80.14 %

where

	Invested Capital		(Q: May. 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	))
=	6.533	-	0.245	-	( 0.958	-	max(0, 0.325	-	1.573	+	0.958	))
=	5.33

	Invested Capital		(Q: Aug. 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	))
=	10.207	-	0.953	-	( 4.23	-	max(0, 1.028	-	5.11	+	4.23	))
=	5.172

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

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

Prospect Ridge Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2024		Q: Aug. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.268	/	( ( (4.901 + max(-0.082, 0))	+	(5.038 + max(-0.619, 0)) )	/	2 )
=	-4.268	/	( ( 4.901	+	5.038 )	/	2 )
=	-4.268	/	4.9695
=	-85.88 %

where Working Capital is:

	Working Capital		(Q: May. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.04	+	0	+	0.123)	-	(0.245	+	0	+	0)
=	-0.082

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.063	+	0	+	0.27)	-	(0.953	+	0	+	-0.00099999999999989)
=	-0.619

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2024 )
	=	-2.237	/	-0.560
	=	399.46 %

Prospect Ridge Resources EBIT Related Terms

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Prospect Ridge Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PRRSF:USA 0ED:Germany

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Yan Ducharme	Senior Officer
Michael Julien Michaud	Director
Michael Alexander Iverson	Director, Senior Officer
Bradley Nixon Scharfe	Director
Nicholas Luksha	Director
Siyu Chen	Senior Officer

Prospect Ridge Resources Headlines

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