EarthLabs (TSXV:SPOT) EBIT : C$-18.67 Mil (TTM As of Dec. 2023)

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What is EarthLabs EBIT?

EarthLabs's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-12.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-18.67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EarthLabs's annualized ROC % for the quarter that ended in Dec. 2023 was -74.79%. EarthLabs's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7,156.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EarthLabs's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 214.08%.

EarthLabs EBIT Historical Data

The historical data trend for EarthLabs'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.

EarthLabs EBIT Chart

EarthLabs Annual Data

Trend

May17

May18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-4.65

11.87

2.25

-29.66

-18.67

EarthLabs Quarterly Data
	Feb19	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															-13.56	2.57	-2.33	-6.60	-12.32

Competitive Comparison of EarthLabs's EBIT

For the Information Technology Services subindustry, EarthLabs'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.

EarthLabs's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, EarthLabs's EV-to-EBIT distribution charts can be found below:

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

EarthLabs 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$-18.67 Mil.

EarthLabs (TSXV:SPOT) EBIT Explanation

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

EarthLabs'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 )
=	-8.116 * ( 1 - 9.64% )	/	( (11.582	+	8.029)	/ 2 )
=	-7.3336176	/	9.8055
=	-74.79 %

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	))
=	58.718	-	0.872	-	( 47.551	-	max(0, 2.608	-	48.872	+	47.551	))
=	11.582

	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	))
=	49.251	-	1.328	-	( 42.457	-	max(0, 4.353	-	44.247	+	42.457	))
=	8.029

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

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

EarthLabs'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 )
=	-49.272	/	( ( (0.124 + max(-2.378, 0))	+	(1.253 + max(-2.856, 0)) )	/	2 )
=	-49.272	/	( ( 0.124	+	1.253 )	/	2 )
=	-49.272	/	0.6885
=	-7,156.43 %

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)
=	(0.06	+	0	+	0.14)	-	(0.872	+	1.705	+	0.00099999999999989)
=	-2.378

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.12	+	0	+	0.273)	-	(1.328	+	1.921	+	-8.8817841970013E-16)
=	-2.856

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-18.672	/	-8.722
	=	214.08 %

EarthLabs EBIT Related Terms

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EarthLabs (TSXV:SPOT) Business Description

Industry

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SPOFF:USA

Address

69 Yonge Street, Suite 1010, Toronto, ON, CAN, M5E 1K3

Website

https://earthlabs.com

EarthLabs Inc is a mining investment and technology company. It offers a full suite of data and knowledge-driven SaaS tools and services. EarthLabs works with industry customers across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies, and strategically invest in mineral exploration companies. It operates in two reportable segments Exploration Technology Division which houses the Company's exploration SaaS and consulting services and field services divisions, and Financial Technology Division which houses the Company's financial technology (CEO.CA and DigiGeoData) and growing investment portfolio.

Executives