Global Tech Industries Group (Global Tech Industries Group) EBIT : $-97.80 Mil (TTM As of Dec. 2023)

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What is Global Tech Industries Group EBIT?

Global Tech Industries Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-17.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-97.80 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global Tech Industries Group's annualized ROC % for the quarter that ended in Dec. 2023 was -48.34%. Global Tech Industries Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Global Tech Industries Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -145.91%.

Global Tech Industries Group EBIT Historical Data

The historical data trend for Global Tech Industries Group'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.

Global Tech Industries Group EBIT Chart

Global Tech Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.32

-2.58

-6.00

-13.46

-97.80

Global Tech Industries Group 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															-9.53	-72.57	-7.42	0.01	-17.82

Competitive Comparison of Global Tech Industries Group's EBIT

For the Conglomerates subindustry, Global Tech Industries Group'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.

Global Tech Industries Group's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Global Tech Industries Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Global Tech Industries Group's EV-to-EBIT falls into.

Global Tech Industries Group 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 $-97.80 Mil.

Global Tech Industries Group (OTCPK:GTII) EBIT Explanation

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

Global Tech Industries Group'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 )
=	-3.92 * ( 1 - 0% )	/	( (15.605	+	0.615)	/ 2 )
=	-3.92	/	8.11
=	-48.34 %

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	))
=	17.867	-	2.211	-	( 2.877	-	max(0, 2.826	-	2.877	+	2.877	))
=	15.605

	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	))
=	1.276	-	2.93	-	( 1.259	-	max(0, 3.545	-	1.276	+	1.259	))
=	0.615

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

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

Global Tech Industries Group'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 )
=	-71.264	/	( ( (0 + max(-2.211, 0))	+	(0 + max(-2.913, 0)) )	/	2 )
=	-71.264	/	( ( 0	+	0 )	/	2 )
=	-71.264	/	0
=	%

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	+	0)	-	(2.211	+	0	+	4.4408920985006E-16)
=	-2.211

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.017)	-	(2.93	+	0	+	0)
=	-2.913

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:

Global Tech Industries Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-97.798	/	67.028
	=	-145.91 %

Global Tech Industries Group EBIT Related Terms

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Global Tech Industries Group (Global Tech Industries Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Global Tech Industries Group Inc (OTCPK:GTII) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

511 Sixth Avenue, Suite 800, New York, NY, USA, 10011

Website

https://www.gtii-us.com

Global Tech Industries Group Inc currently has no operations. It is seeking opportunities to utilize its intellectual properties and relationships with valued business associates.

Executives

David I Reichman	director, officer: CEO and President	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Frank Benintendo	director	11 SEAMAN COURT, OLD BRIDGE NJ 08857
Don Harold Gilbert	director	PO BOX 090122, STATEN ISLAND NY 10309
Kathy M Griffin	director, officer: President	98 BLACK ROCK DRIVE, HINGHAM MA 02043
Global Tech Industries Group, Inc.	director, 10 percent owner, officer: Chief Executive Officer	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Tree Top Industries, Inc. Profit Sharing Plan Trust	other: Employee Trust	40 CENTRAL PARK SOUTH, 8H, NEW YORK NY 10019
Robert Hantman	director	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Michael Valle	director	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
L G Davis	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Justine Reichman	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Trisha Woods	10 percent owner, officer: President of Wholly-Owned Sub.	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046
James Black	10 percent owner	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046