Visible Gold Mines (TSXV:VGD) EBIT : C$-0.80 Mil (TTM As of Jan. 2024)

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What is Visible Gold Mines EBIT?

Visible Gold Mines's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was C$-0.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.80 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Visible Gold Mines's annualized ROC % for the quarter that ended in Jan. 2024 was -61.82%. Visible Gold Mines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -338.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Visible Gold Mines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -24.70%.

Visible Gold Mines EBIT Historical Data

The historical data trend for Visible Gold Mines'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.

Visible Gold Mines EBIT Chart

Visible Gold Mines Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

EBIT

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-0.42

-0.28

-0.61

-4.09

-0.88

Visible Gold Mines Quarterly Data
	Apr19	Jul19	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															-0.10	-0.09	-0.62	0.03	-0.12

Competitive Comparison of Visible Gold Mines's EBIT

For the Gold subindustry, Visible Gold Mines'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.

Visible Gold Mines's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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

Visible Gold Mines 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$-0.80 Mil.

Visible Gold Mines (TSXV:VGD) EBIT Explanation

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

Visible Gold Mines'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 )
=	-0.476 * ( 1 - 0% )	/	( (0.79	+	0.75)	/ 2 )
=	-0.476	/	0.77
=	-61.82 %

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	))
=	0.864	-	0.197	-	( 0.083	-	max(0, 0.234	-	0.111	+	0.083	))
=	0.79

	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	))
=	0.773	-	0.266	-	( 0.028	-	max(0, 0.304	-	0.061	+	0.028	))
=	0.75

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

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

Visible Gold Mines'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 )
=	-0.472	/	( ( (0.142 + max(-0.206, 0))	+	(0.137 + max(-0.274, 0)) )	/	2 )
=	-0.472	/	( ( 0.142	+	0.137 )	/	2 )
=	-0.472	/	0.1395
=	-338.35 %

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)
=	(0.004	+	0	+	0.008)	-	(0.197	+	0	+	0.021)
=	-0.206

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.008	+	0	+	0.006)	-	(0.266	+	0	+	0.022)
=	-0.274

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	-0.795	/	3.219
	=	-24.70 %

Visible Gold Mines EBIT Related Terms

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Visible Gold Mines (TSXV:VGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Visible Gold Mines Inc (TSXV:VGD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

VGMIF:USA 3V41:Germany

Address

147 Quebec Avenue (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8

Website

https://www.visiblegoldmines.com

Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment. Its properties include CarLi Project, Piko Property, NataLi Project, Veronik, Piko, Horsefly, Hazeur and others.

Executives

Sylvain Champagne

Director, Senior Officer

Visible Gold Mines (TSXV:VGD) Headlines

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