Glow LifeTech (XCNQ:GLOW) EBIT : C$-1.96 Mil (TTM As of Sep. 2023)

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What is Glow LifeTech EBIT?

Glow LifeTech's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was C$-0.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was C$-1.96 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Glow LifeTech's annualized ROC % for the quarter that ended in Sep. 2023 was -80.37%. Glow LifeTech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -372.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Glow LifeTech's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -79.93%.

Glow LifeTech EBIT Historical Data

The historical data trend for Glow LifeTech'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.

Glow LifeTech EBIT Chart

Glow LifeTech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

EBIT

-0.18

-0.15

-11.31

-2.27

Glow LifeTech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial														-0.29	-0.86	-0.35	-0.40	-0.37

Competitive Comparison of Glow LifeTech's EBIT

For the Biotechnology subindustry, Glow LifeTech'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.

Glow LifeTech's EV-to-EBIT Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Glow LifeTech's EV-to-EBIT distribution charts can be found below:

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

Glow LifeTech 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.96 Mil.

Glow LifeTech (XCNQ:GLOW) EBIT Explanation

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

Glow LifeTech's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-1.46 * ( 1 - 0% )	/	( (1.847	+	1.786)	/ 2 )
=	-1.46	/	1.8165
=	-80.37 %

where

	Invested Capital		(Q: Jun. 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	))
=	2.128	-	1.707	-	( 0.006	-	max(0, 1.707	-	0.281	+	0.006	))
=	1.847

	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	))
=	1.996	-	1.983	-	( 0.047	-	max(0, 1.983	-	0.21	+	0.047	))
=	1.786

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

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

Glow LifeTech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.46	/	( ( (0.401 + max(-1.532, 0))	+	(0.383 + max(-1.876, 0)) )	/	2 )
=	-1.46	/	( ( 0.401	+	0.383 )	/	2 )
=	-1.46	/	0.392
=	-372.45 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.162	+	0.013)	-	(1.707	+	0	+	0)
=	-1.532

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.102	+	0.005)	-	(1.983	+	0	+	0)
=	-1.876

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-1.963	/	2.456
	=	-79.93 %

Glow LifeTech EBIT Related Terms

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Glow LifeTech (XCNQ:GLOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Glow LifeTech Corp (XCNQ:GLOW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GLWLF:USA 9DO:Germany

Address

65 International Boulevard, Suite 206, Etobicoke, ON, CAN, M9W 6L9

Website

https://www.glowlifetech.com

Glow LifeTech Corp is a biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption, and effectiveness. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.

Executives

Daniel Proska

Director

Glow LifeTech (XCNQ:GLOW) Headlines

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