Temas Resources (XCNQ:TMAS) EBIT : C$-1.90 Mil (TTM As of Sep. 2024)

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What is Temas Resources EBIT?

Temas Resources's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-1.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Temas Resources's annualized ROC % for the quarter that ended in Sep. 2024 was -44.42%. Temas Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -44.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Temas Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -37.66%.

Temas Resources EBIT Historical Data

The historical data trend for Temas 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.

Temas Resources EBIT Chart

Temas Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

-0.16

-1.84

-3.58

-4.02

Temas Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															-0.14	-0.28	-0.54	-0.63	-0.74

Competitive Comparison of Temas Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Temas 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.

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

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

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

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Temas 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.90 Mil.

Temas Resources (XCNQ:TMAS) EBIT Explanation

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

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

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-2.92 * ( 1 - 0% )	/	( (6.569	+	6.577)	/ 2 )
=	-2.92	/	6.573
=	-44.42 %

where

	Invested Capital		(Q: Jun. 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	))
=	7.245	-	1.574	-	( 0.589	-	max(0, 1.574	-	0.676	+	0.589	))
=	6.569

	Invested Capital		(Q: Sep. 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	))
=	7.077	-	1.563	-	( 0.405	-	max(0, 1.563	-	0.5	+	0.405	))
=	6.577

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.94	/	( ( (6.569 + max(-1.506, 0))	+	(6.577 + max(-1.495, 0)) )	/	2 )
=	-2.94	/	( ( 6.569	+	6.577 )	/	2 )
=	-2.94	/	6.573
=	-44.73 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.068)	-	(1.574	+	0	+	0)
=	-1.506

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.068)	-	(1.563	+	0	+	0)
=	-1.495

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-1.896	/	5.035
	=	-37.66 %

Temas Resources EBIT Related Terms

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Temas Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Temas Resources Corp (XCNQ:TMAS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TMASF:USA 26P0:Germany

Address

999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2

Website

https://www.temasresources.com

Temas Resources Corp is focused on the advancement of mineral independence and the processes in which minerals are extracted in an environmentally friendly manner. It invests in and works to apply green technology across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. Its flagship properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the solid ilmenite deposit in the world.

Executives

Samuel Anthony Kyler Hardy	Director
Cloudbreak Exploration Inc.	10% Security Holder
Robert Schafer	Director
Michael Dehn	Director, Senior Officer
Rory Albert Martel Kutluoglu	Director
David Robinson	Director, Senior Officer

Temas Resources Headlines

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