Ashley Gold (XCNQ:ASHL) EBIT : C$-0.51 Mil (TTM As of Dec. 2023)

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What is Ashley Gold EBIT?

Ashley Gold's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ashley Gold's annualized ROC % for the quarter that ended in Dec. 2023 was -140.03%. Ashley Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -151.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ashley Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.67%.

Ashley Gold EBIT Historical Data

The historical data trend for Ashley Gold'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.

Ashley Gold EBIT Chart

Ashley Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-0.21

-0.29

-0.51

Ashley Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial								-0.11	-0.13	-0.13	-0.12	-0.14

Competitive Comparison of Ashley Gold's EBIT

For the Gold subindustry, Ashley Gold'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.

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

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

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

Ashley Gold 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$-0.51 Mil.

Ashley Gold (XCNQ:ASHL) EBIT Explanation

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

Ashley Gold'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 )
=	-0.544 * ( 1 - 0% )	/	( (0.347	+	0.43)	/ 2 )
=	-0.544	/	0.3885
=	-140.03 %

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	))
=	0.433	-	0.043	-	( 0.043	-	max(0, 0.043	-	0.106	+	0.043	))
=	0.347

	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	))
=	0.589	-	0.137	-	( 0.022	-	max(0, 0.148	-	0.201	+	0.022	))
=	0.43

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

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

Ashley Gold'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 )
=	-0.544	/	( ( (0.328 + max(-0.043, 0))	+	(0.388 + max(-0.139, 0)) )	/	2 )
=	-0.544	/	( ( 0.328	+	0.388 )	/	2 )
=	-0.544	/	0.358
=	-151.96 %

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	+	0	+	0)	-	(0.043	+	0	+	0)
=	-0.043

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.009)	-	(0.137	+	0	+	0.011)
=	-0.139

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.512	/	3.072
	=	-16.67 %

Ashley Gold EBIT Related Terms

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Ashley Gold (XCNQ:ASHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ashley Gold Corp (XCNQ:ASHL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 - 7 Avenue SW, Suite 1150, Calgary, AB, CAN, T2P 3H6

Website

https://www.ashleygoldcorp.com

Ashley Gold Corp is engaged in the acquisition and exploration of mineral properties in the natural resource sector with the long-term goal of divesting its investment assets at a profit. The company projects include Tabor Lake Mine, Howie Lake and Alto-Gardnar.

Executives

George Elliott Stephenson

Director, Senior Officer

Ashley Gold (XCNQ:ASHL) Headlines

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