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G Mining Ventures (TSX:GMIN) Operating Income : C$21.00 Mil (TTM As of Sep. 2024)


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What is G Mining Ventures Operating Income?

G Mining Ventures's Operating Income for the three months ended in Sep. 2024 was C$29.53 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was C$21.00 Mil.

Warning Sign:

G Mining Ventures Corp had lost money in 92% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. G Mining Ventures's Operating Income for the three months ended in Sep. 2024 was C$29.53 Mil. G Mining Ventures's Revenue for the three months ended in Sep. 2024 was C$58.24 Mil. Therefore, G Mining Ventures's Operating Margin % for the quarter that ended in Sep. 2024 was 50.69%.

G Mining Ventures'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. G Mining Ventures's annualized ROC % for the quarter that ended in Sep. 2024 was 9.77%. G Mining Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.52%.


G Mining Ventures Operating Income Historical Data

The historical data trend for G Mining Ventures'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.

* Premium members only.

G Mining Ventures Operating Income Chart

G Mining Ventures Annual Data
Trend Oct18 Oct19 Oct20 Dec22 Dec23
Operating Income
- -0.20 -0.49 -7.31 -10.13

G Mining Ventures Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -2.47 -2.85 -3.11 -2.57 29.53

G Mining Ventures 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$21.00 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.


G Mining Ventures  (TSX:GMIN) Operating Income Explanation

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

G Mining Ventures'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 )
=118.104 * ( 1 - -19.14% )/( (849.958 + 2030.457)/ 2 )
=140.7091056/1440.2075
=9.77 %

where

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))
=2078.769 - 47.96 - ( 141.694 - max(0, 224.776 - 225.128+141.694))
=2030.457

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

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

G Mining Ventures'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 )
=121.672/( ( (759.579 + max(-55.015, 0)) + (1796.811 + max(-114.051, 0)) )/ 2 )
=121.672/( ( 759.579 + 1796.811 )/ 2 )
=121.672/1278.195
=9.52 %

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)
=(3.503 + 42.161 + 1.335) - (44.65 + 44.818 + 12.546)
=-55.015

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.482 + 71.214 + 1.738) - (47.96 + 137.707 + 11.818)
=-114.051

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. Operating Income is also linked to Operating Margin %:

G Mining Ventures's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=29.526/58.244
=50.69 %

* 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.


G Mining Ventures Operating Income Related Terms

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G Mining Ventures Business Description

Traded in Other Exchanges
Address
5025 Lapiniere Boulevard, Suite 1050, Brossard, QC, CAN, J4Z 0N5
G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.
Executives
Norman Macdonald Director
Réjean Gourde Director
Eduardo Araujo De Souza Leão Senior Officer
La Mancha Capital Management Gp 10% Security Holder
La Mancha Investments S.à R.l. 10% Security Holder
Yousriya Loza-sawiris 10% Security Holder
Jessie Liu-ernsting Senior Officer
Dusan Petkovic Senior Officer
David Fennell Director
Louis-pierre Gignac Senior Officer
Julie-anais Debreil Senior Officer
Jason Robert Neal Director

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