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US Goldmining (US Goldmining) EBIT : $-9.99 Mil (TTM As of Mar. 2024)


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What is US Goldmining EBIT?

US Goldmining's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-9.99 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. US Goldmining's annualized ROC % for the quarter that ended in Mar. 2024 was -415.77%. US Goldmining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -443.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. US Goldmining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -17.35%.

US Goldmining EBIT Historical Data

The historical data trend for US Goldmining'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.

US Goldmining EBIT Chart

US Goldmining Annual Data
Trend Nov20 Nov21 Nov22
EBIT
-0.60 -0.70 -1.74

US Goldmining Quarterly Data
Nov20 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.89 -2.37 -2.63 -3.89 -1.11

Competitive Comparison of US Goldmining's EBIT

For the Other Industrial Metals & Mining subindustry, US Goldmining'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.

US Goldmining's EV-to-EBIT Distribution in the Metals & Mining Industry

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

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


US Goldmining 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 $-9.99 Mil.

* 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.

US Goldmining  (NAS:USGO) EBIT Explanation

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

US Goldmining'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: Nov. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-4.428 * ( 1 - 0% )/( (1.127 + 1.003)/ 2 )
=-4.428/1.065
=-415.77 %

where

Invested Capital(Q: Nov. 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))
=13.024 - 0.496 - ( 11.401 - max(0, 0.513 - 12.007+11.401))
=1.127

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))
=12.131 - 0.684 - ( 10.739 - max(0, 0.709 - 11.153+10.739))
=1.003

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

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

US Goldmining'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: Nov. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.428/( ( (1.017 + max(-0.0049999999999996, 0)) + (0.979 + max(-0.393, 0)) )/ 2 )
=-4.428/( ( 1.017 + 0.979 )/ 2 )
=-4.428/0.998
=-443.69 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.027 + 0.464) - (0.496 + 0 + 0)
=-0.0049999999999996

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.027 + 0.265) - (0.684 + 0 + 0.00099999999999989)
=-0.393

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-9.994/57.588
=-17.35 %

* 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.

US Goldmining EBIT Related Terms

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US Goldmining (US Goldmining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » US Goldmining Inc (NAS:USGO) » Definitions » EBIT
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Traded in Other Exchanges
Q0G:Germany
Address
1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.us.goldmining.com
US Goldmining Inc is a mineral exploration and development company. It is a focused on the exploration and development of a project located in Alaska, USA. The company's sole property is Whistler Project which is a gold-copper exploration project located in the Yentna Mining District, approximately 150 km northwest of Anchorage, Alaska.
Executives
Goldmining Inc. 10 percent owner 1188 WEST GEORGIA STREET, SUITE 1830, VANCOUVER A1 V6E 4A2
Aleksandra Bukacheva director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Garnet Linn Dawson director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Ross Lawrence Sherlock director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Laura Schmidt director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Alastair Charles Still director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Timothy Robert Smith officer: Chief Executive Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Lisa Jean Wade director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Tyler Michael Wong officer: Chief Financial Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3