Environmental Clean Technologies (ASX:ECT) EBIT : A$-3.63 Mil (TTM As of Dec. 2023)

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What is Environmental Clean Technologies EBIT?

Environmental Clean Technologies's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Environmental Clean Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was -76.67%. Environmental Clean Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -87.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Environmental Clean Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -52.96%.

Environmental Clean Technologies EBIT Historical Data

The historical data trend for Environmental Clean 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.

Environmental Clean Technologies EBIT Chart

Environmental Clean Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-1.50

-1.81

-4.90

-4.35

-3.63

Environmental Clean Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-3.29	-2.55	-1.80	-2.18	-1.45

Competitive Comparison of Environmental Clean Technologies's EBIT

For the Pollution & Treatment Controls subindustry, Environmental Clean 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.

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

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

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

Environmental Clean 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 semi-annually data reported by the company within the most recent 12 months, which was A$-3.63 Mil.

Environmental Clean Technologies (ASX:ECT) EBIT Explanation

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

Environmental Clean 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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-5.132 * ( 1 - 0% )	/	( (7.299	+	6.089)	/ 2 )
=	-5.132	/	6.694
=	-76.67 %

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	))
=	8.182	-	0.693	-	( 1.286	-	max(0, 2.818	-	3.008	+	1.286	))
=	7.299

	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	))
=	7.009	-	0.48	-	( 1.401	-	max(0, 1.618	-	2.058	+	1.401	))
=	6.089

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:

Environmental Clean 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.362	/	( ( (5.021 + max(-0.655, 0))	+	(4.824 + max(0.164, 0)) )	/	2 )
=	-4.362	/	( ( 5.021	+	4.988 )	/	2 )
=	-4.362	/	5.0045
=	-87.16 %

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	+	0.057)	-	(0.693	+	0	+	0.019)
=	-0.655

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.616	+	0	+	0.041)	-	(0.48	+	0	+	0.013)
=	0.164

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.63	/	6.854
	=	-52.96 %

Environmental Clean Technologies EBIT Related Terms

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Environmental Clean Technologies Business Description

Industry

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

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Traded in Other Exchanges

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Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which are capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

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