Slave Lake Zinc (XCNQ:SLZ) EBIT : C$-0.45 Mil (TTM As of Mar. 2024)

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What is Slave Lake Zinc EBIT?

Slave Lake Zinc's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-0.06 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Slave Lake Zinc's annualized ROC % for the quarter that ended in Mar. 2024 was -39.38%. Slave Lake Zinc's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -39.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Slave Lake Zinc's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -36.50%.

Slave Lake Zinc EBIT Historical Data

The historical data trend for Slave Lake Zinc'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.

Slave Lake Zinc EBIT Chart

Slave Lake Zinc Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-0.62

-0.28

-0.73

-0.83

Slave Lake Zinc Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-0.16	-0.18	-0.13	-0.08	-0.06

Competitive Comparison of Slave Lake Zinc's EBIT

For the Other Industrial Metals & Mining subindustry, Slave Lake Zinc'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.

Slave Lake Zinc's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Slave Lake Zinc's EV-to-EBIT falls into.

Slave Lake Zinc 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.45 Mil.

Slave Lake Zinc (XCNQ:SLZ) EBIT Explanation

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

Slave Lake Zinc's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-0.252 * ( 1 - 0% )	/	( (0.639	+	0.641)	/ 2 )
=	-0.252	/	0.64
=	-39.38 %

where

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	0.744	-	0.081	-	( 0.075	-	max(0, 0.081	-	0.105	+	0.075	))
=	0.639

	Invested Capital		(Q: Mar. 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	))
=	0.71	-	0.111	-	( 0.043	-	max(0, 0.111	-	0.069	+	0.043	))
=	0.641

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

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

Slave Lake Zinc's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.252	/	( ( (0.639 + max(-0.063, 0))	+	(0.64 + max(-0.1, 0)) )	/	2 )
=	-0.252	/	( ( 0.639	+	0.64 )	/	2 )
=	-0.252	/	0.6395
=	-39.41 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.018)	-	(0.081	+	0	+	0)
=	-0.063

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.011)	-	(0.111	+	0	+	0)
=	-0.1

When net working capital is negative, 0 is used.

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

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

Slave Lake Zinc's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.449	/	1.230
	=	-36.50 %

Slave Lake Zinc EBIT Related Terms

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Slave Lake Zinc (XCNQ:SLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Slave Lake Zinc Corp (XCNQ:SLZ) » Definitions » EBIT

Comparable Companies

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SLZNF:USA

Address

207 St. Patrick's Avenue, North Vancouver, Vancouver, BC, CAN, V7L 3N3

Website

http://www.zinccorp.ca

Slave Lake Zinc Corp is a Canadian mineral exploration company. The company is engaged in acquiring and exploring mineral properties and holds an interest in the O'Connor Lake Property in the South Slave Mining District of the Northwest Territories.

Executives

Ritchie John Wigham

10% Security Holder, Director, Senior Officer