Aero Energy (TSXV:AERO) EBIT : C$-0.66 Mil (TTM As of Jan. 2024)

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What is Aero Energy EBIT?

Aero Energy's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was C$-0.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aero Energy's annualized ROC % for the quarter that ended in Jan. 2024 was -9.06%. Aero Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -9.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aero Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -5.69%.

Aero Energy EBIT Historical Data

The historical data trend for Aero Energy'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.

Aero Energy EBIT Chart

Aero Energy Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

EBIT

-0.15

-2.52

-2.39

-1.10

Aero Energy Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial													-0.29	-0.15	-0.16	-0.20	-0.15

Competitive Comparison of Aero Energy's EBIT

For the Gold subindustry, Aero Energy'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.

Aero Energy's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Aero Energy 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.66 Mil.

Aero Energy (TSXV:AERO) EBIT Explanation

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

Aero Energy's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	-0.616 * ( 1 - 0% )	/	( (6.75	+	6.849)	/ 2 )
=	-0.616	/	6.7995
=	-9.06 %

where

	Invested Capital		(Q: Oct. 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	))
=	7.645	-	0.445	-	( 0.858	-	max(0, 0.445	-	0.895	+	0.858	))
=	6.75

	Invested Capital		(Q: Jan. 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	))
=	7.307	-	0.109	-	( 0.396	-	max(0, 0.109	-	0.458	+	0.396	))
=	6.849

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

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

Aero Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.616	/	( ( (6.75 + max(-0.408, 0))	+	(6.748 + max(-0.047, 0)) )	/	2 )
=	-0.616	/	( ( 6.75	+	6.748 )	/	2 )
=	-0.616	/	6.749
=	-9.13 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.029	+	0	+	0.008)	-	(0.445	+	0	+	0)
=	-0.408

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.036	+	0	+	0.026)	-	(0.109	+	0	+	0)
=	-0.047

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Aero Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	-0.663	/	11.649
	=	-5.69 %

Aero Energy EBIT Related Terms

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Aero Energy (TSXV:AERO) Business Description

Industry

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AAUGF:USA 13L0:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.angoldresources.com

Angold Resources Ltd is a gold exploration and development company. The company has four properties in the portfolio; including two in Chile and others in Nevada and Canada. The property portfolio includes Dorado, Cordillera, Iron Butte, Hope Butte, and Uchi.