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SSR Mining's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-374 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-596 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SSR Mining's annualized ROC % for the quarter that ended in Mar. 2024 was 2.11%. SSR Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -35.64%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. SSR Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -66.88%.
The historical data trend for SSR Mining'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.
SSR Mining Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 149.43 | 215.67 | 433.86 | 259.95 | -185.79 |
SSR Mining Quarterly Data | ||||||||||||||||||||
Jun19 | 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 | 36.85 | 44.12 | 65.85 | -332.61 | -373.57 |
For the Gold subindustry, SSR Mining'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.
For the Metals & Mining industry and Basic Materials sector, SSR Mining's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where SSR Mining's EV-to-EBIT falls into.
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 $-596 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.
SSR Mining (NAS:SSRM) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
SSR Mining'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 ) |
= | 104.076 * ( 1 - 5.35% ) | / | ( (4723.921 | + | 4607.788) | / 2 ) |
= | 98.507934 | / | 4665.8545 | |||
= | 2.11 % |
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 | )) |
= | 5385.773 | - | 148.515 | - | ( 513.337 | - | max(0, 170.573 | - | 1196.476 | + | 513.337 | )) |
= | 4723.921 |
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 | )) |
= | 5251.782 | - | 151.999 | - | ( 491.995 | - | max(0, 352.768 | - | 1081.87 | + | 491.995 | )) |
= | 4607.788 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
SSR Mining'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 ) |
= | -1494.28 | / | ( ( (3893.924 + max(468.746, 0)) | + | (3824.778 + max(197.12, 0)) ) | / | 2 ) |
= | -1494.28 | / | ( ( 4362.67 | + | 4021.898 ) | / | 2 ) |
= | -1494.28 | / | 4192.284 | ||||
= | -35.64 % |
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) |
= | (91.34 | + | 515.143 | + | 25.816) | - | (148.515 | + | 0 | + | 15.038) |
= | 468.746 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (56.618 | + | 465.109 | + | 21.007) | - | (151.999 | + | 0 | + | 193.615) |
= | 197.12 |
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:
SSR Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | -596.214 | / | 891.524 | |
= | -66.88 % |
* 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.
Thank you for viewing the detailed overview of SSR Mining's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Arthur Michael Anglin | director | 20 EL CAMINO REAL, BERKELEY CA 94705 |
Alison Lynn White | officer: Chief Financial Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
John Ebbett | other: EVP, Growth and Innovation | 6900 E. LAYTON AVE. SUITE 1300, DENVER CO 80237 |
Farid Fady Adel Edward | officer: Chief Corp Development Officer | 100 KING STREET WEST, STE 5600, TORONTO A6 M5X 1C9 |
Russell Farnsworth | officer: Chief Accounting Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Michael John Sparks | officer: Chief Legal & Admin Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Karen A Swager | director | C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 1200, TAMPA FL 33602 |
Rodney Antal | director, officer: President & CEO | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
William K. Macnevin | other: EVP, Ops & Sustainability | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Steward John Beckman | officer: Chief Operating Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Leigh Ann Fisher | director | 3930 JACKSON BEND DRIVE, LOUISVILLE TN 37777 |
Bates Thomas R Jr | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
Alan Krusi | director | AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071 |
Edward C Dowling | director | 19 NEDS POINT ROAD, MATTAPOISETT MA 02739 |
Brian R Booth | director | 4957 EDENDALE COURT, WEST VANCOUVER A1 V7W 3H7 |
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