Granada Gold Mine (TSXV:GGM) EBIT : C$-1.91 Mil (TTM As of Dec. 2023)

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What is Granada Gold Mine EBIT?

Granada Gold Mine's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-1.91 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Granada Gold Mine's annualized ROC % for the quarter that ended in Dec. 2023 was -28.29%. Granada Gold Mine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,456.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Granada Gold Mine's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -28.30%.

Granada Gold Mine EBIT Historical Data

The historical data trend for Granada Gold Mine'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.

Granada Gold Mine EBIT Chart

Granada Gold Mine Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-4.39

-3.44

-3.91

-2.63

Granada Gold Mine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.72	-0.53	-0.73	-0.23	-0.44

Competitive Comparison of Granada Gold Mine's EBIT

For the Gold subindustry, Granada Gold Mine'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.

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

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

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

Granada Gold Mine 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.91 Mil.

Granada Gold Mine (TSXV:GGM) EBIT Explanation

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

Granada Gold Mine's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.936 * ( 1 - 0% )	/	( (6.807	+	6.882)	/ 2 )
=	-1.936	/	6.8445
=	-28.29 %

where

	Invested Capital		(Q: Sep. 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	))
=	0.868	-	4.696	-	( 0.118	-	max(0, 10.995	-	0.36	+	0.118	))
=	6.807

	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	))
=	0.806	-	5.016	-	( 0.103	-	max(0, 11.398	-	0.306	+	0.103	))
=	6.882

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Granada Gold Mine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.74	/	( ( (0.123 + max(-9.536, 0))	+	(0.116 + max(-9.928, 0)) )	/	2 )
=	-1.74	/	( ( 0.123	+	0.116 )	/	2 )
=	-1.74	/	0.1195
=	-1,456.07 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.128	+	0	+	0.025)	-	(4.696	+	0	+	4.993)
=	-9.536

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.139	+	0	+	0.025)	-	(5.016	+	0	+	5.076)
=	-9.928

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.914	/	6.763
	=	-28.30 %

Granada Gold Mine EBIT Related Terms

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Granada Gold Mine (TSXV:GGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granada Gold Mine Inc (TSXV:GGM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GBBFF:USA B6DA:Germany

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.granadagoldmine.com

Granada Gold Mine Inc is a Canada-based company involved in the industrial metals and mining business sector. The company is a junior natural resource company, which is engaged in the acquisition, exploration, and development of mineral property interests. It operates in the Granada Gold project.

Executives

Frank Joseph Basa

Director, Senior Officer

Granada Gold Mine (TSXV:GGM) Headlines

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