Patriot Gold (Patriot Gold) EBIT : $-0.57 Mil (TTM As of Mar. 2024)

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What is Patriot Gold EBIT?

Patriot Gold's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Patriot Gold's annualized ROC % for the quarter that ended in Mar. 2024 was -116.25%. Patriot Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Patriot Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -16.26%.

Patriot Gold EBIT Historical Data

The historical data trend for Patriot Gold'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.

Patriot Gold EBIT Chart

Patriot Gold Annual Data

Trend

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.13

1.10

0.32

0.76

0.06

Patriot Gold Quarterly Data
	Mar19	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															0.24	0.12	0.01	-0.30	-0.39

Competitive Comparison of Patriot Gold's EBIT

For the Gold subindustry, Patriot Gold'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.

Patriot Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Patriot Gold 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 $-0.57 Mil.

Patriot Gold (OTCPK:PGOL) EBIT Explanation

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

Patriot Gold'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 )
=	-1.552 * ( 1 - 0% )	/	( (1.301	+	1.369)	/ 2 )
=	-1.552	/	1.335
=	-116.25 %

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	))
=	3.313	-	0.278	-	( 1.734	-	max(0, 0.278	-	2.254	+	1.734	))
=	1.301

	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	))
=	2.99	-	0.322	-	( 1.299	-	max(0, 0.322	-	1.931	+	1.299	))
=	1.369

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

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

Patriot Gold'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 )
=	-1.552	/	( ( (0 + max(-0.117, 0))	+	(0 + max(-0.229, 0)) )	/	2 )
=	-1.552	/	( ( 0	+	0 )	/	2 )
=	-1.552	/	0
=	%

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	+	0.161)	-	(0.278	+	0	+	0)
=	-0.117

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.093)	-	(0.322	+	0	+	0)
=	-0.229

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:

Patriot Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.566	/	3.481
	=	-16.26 %

Patriot Gold EBIT Related Terms

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Patriot Gold (Patriot Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Gold Corp (OTCPK:PGOL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PGOL:Canada

Address

401 Ryland Street, Suite 180, Reno, NV, USA, 89502

Website

http://www.patriotgoldcorp.com

Patriot Gold Corp is a natural resource exploration and mining company, engaged in acquiring, exploring, and developing natural resource properties in Nevada. The company principally focuses on the gold sector. The group's portfolio consists of a number of projects, including the Moss Mine Royalty, the Vernal Gold Project, the Windy Peak Gold Project, and the Rainbow Mountain Gold Project.

Executives

Ron Daems	10 percent owner	3651 LINDELL ROAD, SUITE D165, LAS VEGAS NV 89103
Robert Coale	director	PO BOX 1391, SOLANA BEACH CA 92075
Zachary Jerome Black	director	4190 SUNSTONE DRIVE, BOZEMAN MT 59718
Trevor B Newton	director, 10 percent owner	3651 LINDELL ROAD, SUITE D165, LAS VEGAS NV 89103
Robert C. Kopple	10 percent owner	10866 WILSHIRE BLVD., SUITE 1500, LOS ANGELES CA 90024
Herb Duerr	director, officer: Pres. CEO Sec. Treas.	12790 ROSEVIEW LANE, RENO NV 89511
Jared Beebe	director	18 RUE LEGAULT, ILE-BIZARD A8 H9E 1E9
Ronald Blomkamp	10 percent owner
Duncan Budge	director	4556 MARINEVIEW CRESCENT, NORTH VANCOUVER A1 V7R 3P2
Robert Sibthorpe	director	3851 MARGUERLTE STREET, VANCOUVER, BRITISH COLUMBIA V6J A1 0000
Bruce Johnstone	director, 10 percent owner, officer: CEO, President, Secretary	102 DONAGHY AVENUE, NORTH VANCOUVER BC A1 00000