Ascent Solar Technologies (Ascent Solar Technologies) EBIT : $-14.90 Mil (TTM As of Dec. 2023)

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What is Ascent Solar Technologies EBIT?

Ascent Solar Technologies's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-5.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-14.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ascent Solar Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was -65.72%. Ascent Solar Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -410.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ascent Solar Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -290.94%.

Ascent Solar Technologies EBIT Historical Data

The historical data trend for Ascent Solar Technologies'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.

Ascent Solar Technologies EBIT Chart

Ascent Solar Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3.98

5.13

-4.91

-17.05

-14.90

Ascent Solar Technologies Quarterly Data
	Mar19	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															-4.90	-5.02	-3.15	-1.62	-5.11

Competitive Comparison of Ascent Solar Technologies's EBIT

For the Solar subindustry, Ascent Solar Technologies'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.

Ascent Solar Technologies's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ascent Solar Technologies's EV-to-EBIT distribution charts can be found below:

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

Ascent Solar Technologies 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 $-14.90 Mil.

Ascent Solar Technologies (NAS:ASTI) EBIT Explanation

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

Ascent Solar Technologies'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 )
=	-7.22 * ( 1 - 0% )	/	( (15.275	+	6.698)	/ 2 )
=	-7.22	/	10.9865
=	-65.72 %

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	))
=	11.157	-	4.609	-	( 2.25	-	max(0, 11.871	-	3.144	+	2.25	))
=	15.275

	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	))
=	6.299	-	3.826	-	( 1.049	-	max(0, 5.761	-	1.536	+	1.049	))
=	6.698

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

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

Ascent Solar Technologies'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 )
=	-20.432	/	( ( (6.534 + max(-3.715, 0))	+	(3.412 + max(-3.338, 0)) )	/	2 )
=	-20.432	/	( ( 6.534	+	3.412 )	/	2 )
=	-20.432	/	4.973
=	-410.86 %

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	+	0.636	+	0.258)	-	(4.609	+	0	+	1.7763568394003E-15)
=	-3.715

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.447	+	0.04)	-	(3.826	+	0	+	-0.0010000000000003)
=	-3.338

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:

Ascent Solar Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-14.896	/	5.120
	=	-290.94 %

Ascent Solar Technologies EBIT Related Terms

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Ascent Solar Technologies (Ascent Solar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ascent Solar Technologies Inc (NAS:ASTI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

12300 Grant Street, Thornton, CO, USA, 80241

Website

http://www.ascentsolar.com

Ascent Solar Technologies Inc is engaged in the manufacturing and selling of photovoltaic products (PV) solar modules that are flexible, durable, and possess attractive power-to-weight and power-to-area performance. The company is integrating its PV products into scalable and high-value markets such as agrivoltaics, aerospace, satellites, near-earth orbiting vehicles, and fixed-wing unmanned aerial vehicles (UAV). Ascent is also working to expand its portable solar chargers, such as the XD-12. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and e-commerce companies.

Executives

Reynolds T. Forrest	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Peterson David Theodore Jr	director	15332 ANTIOCH STREET, #434, PACIFIC PALISADES CA 90272
Paul P. Warley	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Louis C. Berezovsky	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Gregory C Thompson	director	1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328
Jin H. Jo	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Bobby Gulati	officer: Chief Operating Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Arion Agrophotovoltaic Private Ltd	10 percent owner	45, NORTH CANAL ROAD, #01-01 LEW BUILDING, . U0 059301
Bd1 Investment Holding, Llc	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901
Lucro Investments Vcc - Esg Opportunities Fund	10 percent owner	10 ANSON ROAD, #16-06 INTERNATIONAL PLAZA, SINGAPORE U0 079903
Jeffrey Max	officer: Chief Executive Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Michael J. French	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Felix T. Mantke	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Ag Tubesolar	10 percent owner	BERLINER ALLEE 65, AUGSBURG 2M 86153
Johannes Kuhn	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901