Canada Nickel Co (TSXV:CNC) EBIT : C$-10.51 Mil (TTM As of Jan. 2024)

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What is Canada Nickel Co EBIT?

Canada Nickel Co's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was C$-3.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was C$-10.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canada Nickel Co's annualized ROC % for the quarter that ended in Jan. 2024 was -8.38%. Canada Nickel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -9.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canada Nickel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -4.44%.

Canada Nickel Co EBIT Historical Data

The historical data trend for Canada Nickel Co'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.

Canada Nickel Co EBIT Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

EBIT

-4.67

-6.38

-2.39

-9.12

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial												-2.54	-1.96	-1.57	-3.05	-3.93

Competitive Comparison of Canada Nickel Co's EBIT

For the Other Industrial Metals & Mining subindustry, Canada Nickel Co'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.

Canada Nickel Co's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canada Nickel Co's EV-to-EBIT falls into.

Canada Nickel Co 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$-10.51 Mil.

Canada Nickel Co (TSXV:CNC) EBIT Explanation

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

Canada Nickel Co'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 )
=	-16.752 * ( 1 - 3.42% )	/	( (182.95	+	203.216)	/ 2 )
=	-16.1790816	/	193.083
=	-8.38 %

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	))
=	183.068	-	4.509	-	( 14.434	-	max(0, 21.182	-	16.791	+	14.434	))
=	182.95

	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	))
=	218.389	-	8.833	-	( 42.692	-	max(0, 38.096	-	44.436	+	42.692	))
=	203.216

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

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

Canada Nickel Co'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 )
=	-15.724	/	( ( (166.277 + max(-3.736, 0))	+	(173.953 + max(-20.225, 0)) )	/	2 )
=	-15.724	/	( ( 166.277	+	173.953 )	/	2 )
=	-15.724	/	170.115
=	-9.24 %

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	+	0	+	0.773)	-	(4.509	+	0	+	0)
=	-3.736

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.699)	-	(8.833	+	0	+	12.091)
=	-20.225

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:

Canada Nickel Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	-10.509	/	236.482
	=	-4.44 %

Canada Nickel Co EBIT Related Terms

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Canada Nickel Co (TSXV:CNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (TSXV:CNC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CNIKF:USA 4E0:Germany

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.

Executives