Rumble Resources (XCNQ:RB) EBIT : C$-0.08 Mil (TTM As of Oct. 2024)

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What is Rumble Resources EBIT?

Rumble Resources's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2024 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2024 was C$-0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rumble Resources's annualized ROC % for the quarter that ended in Oct. 2024 was -36.18%. Rumble Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was -36.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rumble Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was -5.75%.

Rumble Resources EBIT Historical Data

The historical data trend for Rumble 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.

Rumble Resources EBIT Chart

Rumble Resources Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

EBIT

Get a 7-Day Free Trial

-0.02

-0.05

-0.10

-0.08

-0.17

Rumble Resources Quarterly Data
	Jul18	Jul19	Jul20	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
EBIT	Get a 7-Day Free Trial													-0.11	-0.02	-0.02	-0.02	-0.02

Competitive Comparison of Rumble Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Rumble 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.

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

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

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

Rumble 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.08 Mil.

Rumble Resources (XCNQ:RB) EBIT Explanation

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

Rumble Resources's annualized ROC % for the quarter that ended in Oct. 2024 is calculated as:

	ROC % (Q: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2024 )	+	Invested Capital (Q: Oct. 2024 ))	/ count )
=	-0.072 * ( 1 - 0% )	/	( (0.199	+	0.199)	/ 2 )
=	-0.072	/	0.199
=	-36.18 %

where

	Invested Capital		(Q: Jul. 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	))
=	0.315	-	0.143	-	( 0.103	-	max(0, 0.143	-	0.116	+	0.103	))
=	0.199

	Invested Capital		(Q: Oct. 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	))
=	0.273	-	0.119	-	( 0.06	-	max(0, 0.119	-	0.074	+	0.06	))
=	0.199

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

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

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

	ROC (Joel Greenblatt) %		(Q: Oct. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2024		Q: Oct. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.072	/	( ( (0.198 + max(-0.144, 0))	+	(0.198 + max(-0.119, 0)) )	/	2 )
=	-0.072	/	( ( 0.198	+	0.198 )	/	2 )
=	-0.072	/	0.198
=	-36.36 %

where Working Capital is:

	Working Capital		(Q: Jul. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.00099999999999999)	-	(0.143	+	0	+	0)
=	-0.144

	Working Capital		(Q: Oct. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.119	+	0	+	0)
=	-0.119

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2024 )
	=	-0.076	/	1.321
	=	-5.75 %

Rumble Resources EBIT Related Terms

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Rumble Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rumble Resources Inc (XCNQ:RB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

Rumble Resources Inc is engaged in the acquisition, exploration, and development of mineral exploration properties. The Company holds the exclusive option to acquire a 100% interest, subject to a 2% Net Smelter Returns royalty, in the Woolford Creek Property. The Woolford Creek Property is located approximately 15 kilometers north of Squilax, British Columbia on the northeast shore of Little Shuswap Lake and is comprised of seven mining claims in the Kamloops Mining Division, British Columbia covering approximately 3,620.07 hectares.

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