Stearman Resources (XCNQ:STMN) EBIT : C$-0.12 Mil (TTM As of May. 2024)

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What is Stearman Resources EBIT?

Stearman Resources's earnings before interest and taxes (EBIT) for the three months ended in May. 2024 was C$-0.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2024 was C$-0.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stearman Resources's annualized ROC % for the quarter that ended in May. 2024 was -54.74%. Stearman Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 was -52.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Stearman Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2024 was -46.40%.

Stearman Resources EBIT Historical Data

The historical data trend for Stearman 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.

Stearman Resources EBIT Chart

Stearman Resources Annual Data

Trend

Aug22

Aug23

EBIT

-0.20

Stearman Resources Quarterly Data
	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
EBIT	Get a 7-Day Free Trial				-0.02	-0.05	-0.02	-0.03	-0.03

Competitive Comparison of Stearman Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Stearman 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.

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

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

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

Stearman 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.12 Mil.

Stearman Resources (XCNQ:STMN) EBIT Explanation

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

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

	ROC % (Q: May. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2024 )	+	Invested Capital (Q: May. 2024 ))	/ count )
=	-0.104 * ( 1 - 0% )	/	( (0.189	+	0.191)	/ 2 )
=	-0.104	/	0.19
=	-54.74 %

where

	Invested Capital		(Q: Feb. 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	))
=	0.365	-	0.024	-	( 0.173	-	max(0, 0.024	-	0.176	+	0.173	))
=	0.189

	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	))
=	0.32	-	0.005	-	( 0.126	-	max(0, 0.005	-	0.129	+	0.126	))
=	0.191

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

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

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

	ROC (Joel Greenblatt) %		(Q: May. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2024		Q: May. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.1	/	( ( (0.188 + max(-0.021, 0))	+	(0.191 + max(-0.002, 0)) )	/	2 )
=	-0.1	/	( ( 0.188	+	0.191 )	/	2 )
=	-0.1	/	0.1895
=	-52.77 %

where Working Capital is:

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.003	+	0	+	0)	-	(0.024	+	0	+	0)
=	-0.021

	Working Capital		(Q: May. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.003	+	0	+	0)	-	(0.005	+	0	+	0)
=	-0.002

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2024 )
	=	-0.116	/	0.250
	=	-46.40 %

Stearman Resources EBIT Related Terms

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Stearman Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

Stearman Resources Inc is engaged in the business of the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Miniac Option on the Miniac Property located in the northern Abitbi region of Quebec.

Executives

Steve Mathiesen	Director
James Howard Place	Director

Stearman Resources Headlines

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