GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NioCorp Developments Ltd (TSX:NB) » Definitions » EBIT

NioCorp Developments (TSX:NB) EBIT : C$-12.82 Mil (TTM As of Mar. 2024)


View and export this data going back to 1987. Start your Free Trial

What is NioCorp Developments EBIT?

NioCorp Developments's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-4.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-12.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NioCorp Developments's annualized ROC % for the quarter that ended in Mar. 2024 was -89.24%. NioCorp Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -75.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NioCorp Developments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -9.77%.


NioCorp Developments EBIT Historical Data

The historical data trend for NioCorp Developments'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.

NioCorp Developments EBIT Chart

NioCorp Developments Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.40 -4.94 -4.01 -10.32 -50.85

NioCorp Developments 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 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 -40.34 -3.60 -1.91 -2.97 -4.34

Competitive Comparison of NioCorp Developments's EBIT

For the Other Industrial Metals & Mining subindustry, NioCorp Developments'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.


NioCorp Developments's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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



NioCorp Developments 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 C$-12.82 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.


NioCorp Developments  (TSX:NB) EBIT Explanation

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

NioCorp Developments'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 )
=-27.668 * ( 1 - 0% )/( (33.363 + 28.648)/ 2 )
=-27.668/31.0055
=-89.24 %

where

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

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

NioCorp Developments'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 )
=-17.376/( ( (22.984 + max(-7.597, 0)) + (23.17 + max(-9.57, 0)) )/ 2 )
=-17.376/( ( 22.984 + 23.17 )/ 2 )
=-17.376/23.077
=-75.30 %

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 + 0.579) - (5.368 + 0 + 2.808)
=-7.597

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.353) - (6.94 + 0 + 2.983)
=-9.57

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:

NioCorp Developments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-12.824/131.321
=-9.77 %

* 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.


NioCorp Developments EBIT Related Terms

Thank you for viewing the detailed overview of NioCorp Developments's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


NioCorp Developments (TSX:NB) Business Description

Traded in Other Exchanges
Address
7000 South Yosemite Street, Suite 115, Centennial, CO, USA, 80112
NioCorp Developments Ltd is a pure play critical minerals project in Nebraska that plans to produce niobium, scandium, titanium, and magnetic rare earths. The Elk Creek Project is the highest-grade Niobium project under development in North America and is the second largest indicated or rare earth Mineral Resource in the United States. All of NioCorp's planned products are designed as critical by the United States Government. All are vital to clean technologies and the global energy transition.
Executives
Anna Castner Wightman Director
Mark Smith Director, Senior Officer