NOA Lithium Brines (TSXV:NOAL) EBIT : C$-13.40 Mil (TTM As of Mar. 2024)

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What is NOA Lithium Brines EBIT?

NOA Lithium Brines's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-2.96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-13.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NOA Lithium Brines's annualized ROC % for the quarter that ended in Mar. 2024 was -103.81%. NOA Lithium Brines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -94.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NOA Lithium Brines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -43.65%.

NOA Lithium Brines EBIT Historical Data

The historical data trend for NOA Lithium Brines'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.

NOA Lithium Brines EBIT Chart

NOA Lithium Brines Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-1.08

-11.91

NOA Lithium Brines Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial							-2.81	-5.89	-2.95	-1.60	-2.96

Competitive Comparison of NOA Lithium Brines's EBIT

For the Other Industrial Metals & Mining subindustry, NOA Lithium Brines'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.

NOA Lithium Brines's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where NOA Lithium Brines's EV-to-EBIT falls into.

NOA Lithium Brines 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$-13.40 Mil.

NOA Lithium Brines (TSXV:NOAL) EBIT Explanation

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

NOA Lithium Brines'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 )
=	-12.984 * ( 1 - 0% )	/	( (12.172	+	12.844)	/ 2 )
=	-12.984	/	12.508
=	-103.81 %

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	))
=	13.548	-	0.845	-	( 1.358	-	max(0, 0.85	-	1.381	+	1.358	))
=	12.172

	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	))
=	13.658	-	0.634	-	( 0.788	-	max(0, 0.64	-	0.82	+	0.788	))
=	12.844

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

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

NOA Lithium Brines'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 )
=	-11.836	/	( ( (12.167 + max(-0.844, 0))	+	(12.839 + max(-0.633, 0)) )	/	2 )
=	-11.836	/	( ( 12.167	+	12.839 )	/	2 )
=	-11.836	/	12.503
=	-94.67 %

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	+	0.00099999999999989)	-	(0.845	+	0	+	0)
=	-0.844

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.00099999999999989)	-	(0.634	+	0	+	0)
=	-0.633

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:

NOA Lithium Brines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-13.396	/	30.691
	=	-43.65 %

NOA Lithium Brines EBIT Related Terms

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NOA Lithium Brines (TSXV:NOAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NOA Lithium Brines Inc (TSXV:NOAL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NLIBF:USA N7N:Germany

Address

639 – 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9

Website

https://www.noalithium.com

NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with resource potential. The company's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations, managed by some of the players in the lithium industry.

NOA Lithium Brines (TSXV:NOAL) Headlines

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