Big Red Mining (XCNQ:RED) EBIT : C$-0.33 Mil (TTM As of Aug. 2024)

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What is Big Red Mining EBIT?

Big Red Mining's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2024 was C$-0.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was C$-0.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Big Red Mining's annualized ROC % for the quarter that ended in Aug. 2024 was -73.16%. Big Red Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -73.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Big Red Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -7.83%.

Big Red Mining EBIT Historical Data

The historical data trend for Big Red 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.

Big Red Mining EBIT Chart

Big Red Mining Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

EBIT

-0.03

-0.72

-0.30

-0.33

Big Red Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
EBIT	Get a 7-Day Free Trial									-0.08	-0.07	-0.06	-0.07	-0.12

Competitive Comparison of Big Red Mining's EBIT

For the Other Industrial Metals & Mining subindustry, Big Red 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.

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

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

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

Big Red 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.33 Mil.

Big Red Mining (XCNQ:RED) EBIT Explanation

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

Big Red Mining'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 )
=	-0.496 * ( 1 - 0% )	/	( (0.668	+	0.688)	/ 2 )
=	-0.496	/	0.678
=	-73.16 %

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	))
=	0.86	-	0.126	-	( 0.15	-	max(0, 0.126	-	0.192	+	0.15	))
=	0.668

	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	))
=	1.088	-	0.173	-	( 0.354	-	max(0, 0.173	-	0.4	+	0.354	))
=	0.688

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

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

Big Red Mining'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 )
=	-0.496	/	( ( (0.668 + max(-0.084, 0))	+	(0.688 + max(-0.163, 0)) )	/	2 )
=	-0.496	/	( ( 0.668	+	0.688 )	/	2 )
=	-0.496	/	0.678
=	-73.16 %

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)
=	(0.029	+	0	+	0.013)	-	(0.126	+	0	+	0)
=	-0.084

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.01)	-	(0.173	+	0	+	0)
=	-0.163

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2024 )
	=	-0.327	/	4.177
	=	-7.83 %

Big Red Mining EBIT Related Terms

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Big Red Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Red Mining Corp (XCNQ:RED) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

K8J:Germany

Address

101 - 17565 58 Avenue, Surrey, BC, CAN, V3S 4E3

Website

https://www.bigredmining.com

Big Red Mining Corp is in the business of acquiring and exploring mineral properties. It is an exploration company focused on developing its flagship copper project, the Dobie Lake Copper Property in Ontario, Canada. The management team possesses extensive experience in financing, exploration, development, and mining. The Company's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.

Executives

Jag Sandhu	10% Security Holder, Director, Senior Officer
James Atkinson	Director

Big Red Mining Headlines

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