Phoslock Environmental Technologies (ASX:PET) EBIT : A$-8.09 Mil (TTM As of Jun. 2023)

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What is Phoslock Environmental Technologies EBIT?

Phoslock Environmental Technologies's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-3.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$-8.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Phoslock Environmental Technologies's annualized ROC % for the quarter that ended in Jun. 2023 was -329.43%. Phoslock Environmental Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -84.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Phoslock Environmental Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -141.40%.

Phoslock Environmental Technologies EBIT Historical Data

The historical data trend for Phoslock Environmental 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.

Phoslock Environmental Technologies EBIT Chart

Phoslock Environmental Technologies Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

EBIT

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1.00

3.68

-25.85

-7.31

-10.76

Phoslock Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-4.08	-3.23	-6.01	-4.75	-3.34

Competitive Comparison of Phoslock Environmental Technologies's EBIT

For the Pollution & Treatment Controls subindustry, Phoslock Environmental 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.

Phoslock Environmental Technologies's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Phoslock Environmental Technologies's EV-to-EBIT distribution charts can be found below:

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

Phoslock Environmental 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-8.09 Mil.

Phoslock Environmental Technologies (ASX:PET) EBIT Explanation

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

Phoslock Environmental Technologies's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-6.676 * ( 1 - 0% )	/	( (1.43	+	2.623)	/ 2 )
=	-6.676	/	2.0265
=	-329.43 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	18.117	-	2.104	-	( 14.583	-	max(0, 2.805	-	18.117	+	14.583	))
=	1.43

	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	))
=	13.777	-	1.618	-	( 10.405	-	max(0, 4.241	-	13.777	+	10.405	))
=	2.623

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Phoslock Environmental Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.676	/	( ( (0 + max(9.036, 0))	+	(0 + max(6.683, 0)) )	/	2 )
=	-6.676	/	( ( 9.036	+	6.683 )	/	2 )
=	-6.676	/	7.8595
=	-84.94 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.497	+	2.42	+	0.433)	-	(2.104	+	0.002	+	0.208)
=	9.036

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.014	+	1.821	+	0.576)	-	(1.618	+	0	+	2.11)
=	6.683

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-8.085	/	5.718
	=	-141.40 %

Phoslock Environmental Technologies EBIT Related Terms

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Phoslock Environmental Technologies (ASX:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phoslock Environmental Technologies Ltd (ASX:PET) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Chapel Street, Unit D, Level 2, Como Centre, South Yarra, VIC, AUS, 3141

Website

https://www.phoslock.com.au

Phoslock Environmental Technologies Ltd provides water technologies and engineering solutions to manage nutrients and other water pollutants. The company has several products to manage unhealthy water bodies and promote healthy aquatic environments. Its business includes the sale of Phoslock granules and application services and lake restoration consulting services. The geographical segments of the group are Australia/New Zealand, Europe/UK, US/Canada/Brazil and China.