GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clean Seas Seafood Ltd (OTCPK:CTUNF) » Definitions » EBIT

Clean Seas Seafood (Clean Seas Seafood) EBIT : $-10.74 Mil (TTM As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Clean Seas Seafood EBIT?

Clean Seas Seafood's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-17.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-10.74 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clean Seas Seafood's annualized ROC % for the quarter that ended in Dec. 2023 was -33.47%. Clean Seas Seafood's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -66.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clean Seas Seafood's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -26.85%.


Clean Seas Seafood EBIT Historical Data

The historical data trend for Clean Seas Seafood'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.

Clean Seas Seafood EBIT Chart

Clean Seas Seafood Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 -9.16 -23.58 6.57 4.22

Clean Seas Seafood Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -1.07 7.63 -2.17 6.39 -17.12

Competitive Comparison of Clean Seas Seafood's EBIT

For the Farm Products subindustry, Clean Seas Seafood'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.


Clean Seas Seafood's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Clean Seas Seafood's EV-to-EBIT distribution charts can be found below:

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



Clean Seas Seafood 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 semi-annually data reported by the company within the most recent 12 months, which was $-10.74 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.


Clean Seas Seafood  (OTCPK:CTUNF) EBIT Explanation

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

Clean Seas Seafood'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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-18.408 * ( 1 - 0% )/( (59.814 + 50.179)/ 2 )
=-18.408/54.9965
=-33.47 %

where

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

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

Clean Seas Seafood'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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-34.244/( ( (13.218 + max(43.276, 0)) + (13.762 + max(33.37, 0)) )/ 2 )
=-34.244/( ( 56.494 + 47.132 )/ 2 )
=-34.244/51.813
=-66.09 %

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)
=(3.096 + 7.511 + 42.786) - (9.182 + 0 + 0.935)
=43.276

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.497 + 10.838 + 25.756) - (5.644 + 0 + 1.077)
=33.37

When net working capital is negative, 0 is used.

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

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

Clean Seas Seafood's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-10.737/39.986
=-26.85 %

* 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.


Clean Seas Seafood EBIT Related Terms

Thank you for viewing the detailed overview of Clean Seas Seafood's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Clean Seas Seafood (Clean Seas Seafood) Business Description

Traded in Other Exchanges
Address
7 Frederick Road, Royal Park, Adelaide, SA, AUS, 5014
Clean Seas Seafood Ltd is engaged in full-cycle breeding, production, and sale of Yellowtail Kingfish. The company's operating segments are Finfish Sales and Tuna Operations. It generates a majority of its revenue from the Finfish sales segment. The fish sales segment includes Yellowtail Kingfish, Mulloway, and some wild caught Tuna. Geographically, it derives a majority of its revenue from Australia and also has a presence in Europe and Other countries.

Clean Seas Seafood (Clean Seas Seafood) Headlines