CRSTF (Mineral Road Discovery) Operating Income: $-1.31 Mil (TTM As of Nov. 2025)

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What is Mineral Road Discovery Operating Income?

Mineral Road Discovery CRSTF Operating Income is $-1.31 Mil as of Nov. 2025. The stock has 1 warning sign investors should review.

Mineral Road Discovery's Operating Income for the three months ended in Nov. 2025 was $-0.30 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2025 was $-1.31 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mineral Road Discovery's Operating Income for the three months ended in Nov. 2025 was $-0.30 Mil. Mineral Road Discovery's Revenue for the three months ended in Nov. 2025 was $0.00 Mil. Therefore, Mineral Road Discovery's Operating Margin % for the quarter that ended in Nov. 2025 was %.

Mineral Road Discovery's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mineral Road Discovery's annualized ROC % for the quarter that ended in Nov. 2025 was -31.11%. Mineral Road Discovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2025 was -33.84%.


Mineral Road Discovery  (OTCPK:CRSTF) Operating Income Explanation

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

Mineral Road Discovery's annualized ROC % for the quarter that ended in Nov. 2025 is calculated as:

ROC % (Q: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Nov. 2025 ))/ count )
=-1.216 * ( 1 - 0% )/( (3.866 + 3.952)/ 2 )
=-1.216/3.909
=-31.11 %

where

Note: The Operating Income data used here is four times the quarterly (Nov. 2025) data.

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

Mineral Road Discovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Nov. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.216/( ( (3.51 + max(-0.871, 0)) + (3.676 + max(-1.14, 0)) )/ 2 )
=-1.216/( ( 3.51 + 3.676 )/ 2 )
=-1.216/3.593
=-33.84 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.001 + 0 + 0.486) - (1.243 + 0 + 0.115)
=-0.871

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.004 + 0 + 0.148) - (1.222 + 0 + 0.07)
=-1.14

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Mineral Road Discovery's Operating Margin % for the quarter that ended in Nov. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=-0.304/0
= %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Mineral Road Discovery Operating Income Related Terms


Mineral Road Discovery Operating Income Historical Data

* Premium members only.

The historical data trend for Mineral Road Discovery's Operating Income 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.

Mineral Road Discovery Operating Income Chart

Mineral Road Discovery Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25
Operating Income
Get a 7-Day Free Trial -6.31 -1.40 -2.18 -0.92 -1.38

Mineral Road Discovery Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.41 -0.26 -0.46 -0.29 -0.30

Mineral Road Discovery Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Nov. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.31 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-1.31 Mil mean?
Mineral Road Discovery (CRSTF) has a Operating Income of $-1.31 Mil as of Nov. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mineral Road Discovery and its competitors.
Is Mineral Road Discovery's Operating Income too high?
Mineral Road Discovery's current Operating Income is $-1.31 Mil.
How does Mineral Road Discovery's Operating Income compare to competitors?
Mineral Road Discovery's Operating Income of $-1.31 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Metals & Mining company?
A good Operating Income depends on the Metals & Mining industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mineral Road Discovery and its competitors. Mineral Road Discovery's current Operating Income is $-1.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mineral Road Discovery stock overvalued right now?
Mineral Road Discovery (CRSTF) has a current Operating Income of $-1.31 Mil. The current Operating Income is $-1.31 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Mineral Road Discovery (CRSTF), the current Operating Income is $-1.31 Mil as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mineral Road Discovery Business Description

Other Exchanges 7C9:GermanyROAD:Canada
Address 2501-550 Burrard Street, Vancouver, BC, CAN, V6C 2B5
Mineral Road Discovery Inc is a Canadian exploration company focused on acquiring, exploring, and evaluating mineral property assets in Canada and Australia. The company invests in mineral exploration and mining technology companies. Its portfolio includes strategic investments such as a majority equity interest in Ausvan Battery Metals Pty Ltd, which owns the Allaru Project in Queensland, Australia. The company operates in one business segment, the acquisition and exploration of mineral property assets, and two geographical segments, Australia and Canada.