Signal Gold (TSX:SGNL) EBIT : C$-6.60 Mil (TTM As of Mar. 2024)

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What is Signal Gold EBIT?

Signal Gold's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-1.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-6.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Signal Gold's annualized ROC % for the quarter that ended in Mar. 2024 was -4.67%. Signal Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Signal Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -15.76%.

Signal Gold EBIT Historical Data

The historical data trend for Signal 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.

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Signal Gold EBIT Chart

Signal Gold Annual Data

Trend

May14

May15

May16

May17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1.23

14.58

-6.44

-10.64

-5.76

Signal Gold 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															-1.73	-1.69	-2.15	-0.93	-1.83

Competitive Comparison of Signal Gold's EBIT

For the Gold subindustry, Signal 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.

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

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

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

Signal 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 C$-6.60 Mil.

Signal Gold (TSX:SGNL) EBIT Explanation

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

Signal 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 )
=	-5.364 * ( 1 - 3.63% )	/	( (0	+	110.658)	/ 1 )
=	-5.1692868	/	110.658
=	-4.67 %

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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	94.279	-	0.772	-	( 8.06	-	max(0, 25.588	-	8.437	+	8.06	))
=	110.658

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

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

Signal 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 )
=	-7.312	/	( ( (0 + max(0, 0))	+	(82.403 + max(-0.807, 0)) )	/	1 )
=	-7.312	/	( ( 0	+	82.403 )	/	1 )
=	-7.312	/	82.403
=	-8.87 %

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)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.271)	-	(0.772	+	0	+	0.306)
=	-0.807

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-6.599	/	41.881
	=	-15.76 %

Signal Gold EBIT Related Terms

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Signal Gold (TSX:SGNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signal Gold Inc (TSX:SGNL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SGNLF:USA Y8B:Germany

Address

20 Adelaide St. East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.anacondamining.com

Signal Gold Inc is gold mining, development, and exploration company focused on the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The company operates mining and milling operations in the Goldboro Gold Project in Nova Scotia, the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility, and deep-water port, as well as 15,000 hectares of mineral property at Tilt Cove.

Executives

Robert Dufour

Senior Officer

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