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Amerityre (Amerityre) EBIT : $0.43 Mil (TTM As of Jun. 2022)


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What is Amerityre EBIT?

Amerityre's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $0.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $0.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Amerityre's annualized ROC % for the quarter that ended in Jun. 2022 was 14.34%. Amerityre's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 18.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.


Amerityre EBIT Historical Data

The historical data trend for Amerityre'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.

Amerityre EBIT Chart

Amerityre Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.05 0.04 0.26 0.43

Amerityre Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.05 0.06 0.02 0.28 0.07

Competitive Comparison of Amerityre's EBIT

For the Auto Parts subindustry, Amerityre'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.


Amerityre's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Amerityre's EV-to-EBIT distribution charts can be found below:

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



Amerityre 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.43 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.


Amerityre  (OTCPK:AMTY) EBIT Explanation

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

Amerityre's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=0.268 * ( 1 - 0% )/( (1.925 + 1.813)/ 2 )
=0.268/1.869
=14.34 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

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

Amerityre's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.276/( ( (0.679 + max(0.94, 0)) + (0.635 + max(0.813, 0)) )/ 2 )
=0.276/( ( 1.619 + 1.448 )/ 2 )
=0.276/1.5335
=18.00 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.308 + 1.146 + 0.12) - (0.591 + 0.043 + 0)
=0.94

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.686 + 0.854 + 0.083) - (0.701 + 0.108 + 0.001)
=0.813

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=0.428/0.000
= %

* 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.


Amerityre EBIT Related Terms

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Amerityre (Amerityre) Business Description

Traded in Other Exchanges
N/A
Address
1501 Industrial Road, Boulder City, NV, USA, 89005
Amerityre Corp is engaged in the research and development, manufacturing, and sale of polyurethane tires. It has developed unique polyurethane formulations that allow us to make products with superior performance characteristics in the areas of abrasion resistance, energy efficiency, and load-bearing capabilities, in comparison to conventional rubber tires. The company engages in the manufacturing, marketing, distribution, and sales of flat free specialty tires and tire-wheel assemblies and currently is manufacturing these tires. It focuses on light duty polyurethane foam tires, polyurethane elastomer industrial tires, and agricultural tires.
Executives
George Duane Stoddard director 19832 SUNSET LANE, APPLE VALLEY CA 92308
David Scott Clark director 9057 WATERFIELD COURT, LAS VEGAS NV 89134
David Hollister director 1501 INDUSTRIAL RD., BOULDER CITY NV 89005
Terry Edwin Gilland director 8050 CASTLE PINES AVENUE, LAS VEGAS NV 89113
Michael Francis Sullivan director, officer: COO 1037 PLEASANT OAKS DRIVE, PLEASANT HILL CA 94523
Lynda R. Keeton-cardno officer: Chief Financial Officer 181 N. ARROYO GRANDE BLVD., STE. 140B, HENDERSON NV 89014
Glenn D Bougie director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Brian Hesje director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
John J Goldberg director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
L Wayne Arnett director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Timothy L Ryan director 1501 INDUSTRIAL RD, BOULDER CITY NV 89005
Gary M Tucker director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Kines Silas O Jr director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Kapral Michael J Jr officer: VP Marketing 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Francis Edward Dosal director 4100 HIGHWOOD ROAD, ST. LOUIS PARK MN 55416