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Coro Global (Coro Global) EBIT : $-4.54 Mil (TTM As of Jun. 2021)


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What is Coro Global EBIT?

Coro Global's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2021 was $-0.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $-4.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coro Global's annualized ROC % for the quarter that ended in Jun. 2021 was -31,200.00%. Coro Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was -34,484.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coro Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 594.50%.


Coro Global EBIT Historical Data

The historical data trend for Coro Global'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.

Coro Global EBIT Chart

Coro Global Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.41 -1.28 -3.42 -4.83 -5.35

Coro Global Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 -1.70 -1.41 -1.39 -0.92 -0.82

Competitive Comparison of Coro Global's EBIT

For the Software - Infrastructure subindustry, Coro Global'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.


Coro Global's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Coro Global's EV-to-EBIT distribution charts can be found below:

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



Coro Global 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.54 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.


Coro Global  (OTCPK:CGLO) EBIT Explanation

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

Coro Global's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

ROC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2021 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=-3.276 * ( 1 - 0% )/( (0.011 + 0.01)/ 2 )
=-3.276/0.0105
=-31,200.00 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

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

Coro Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.276/( ( (0.01 + max(-0.53, 0)) + (0.009 + max(-0.568, 0)) )/ 2 )
=-3.276/( ( 0.01 + 0.009 )/ 2 )
=-3.276/0.0095
=-34,484.21 %

where Working Capital is:

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.294) - (0.824 + 0 + 0)
=-0.53

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.226) - (0.794 + 0 + 0)
=-0.568

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2021 )
=-4.536/-0.763
=594.50 %

* 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.


Coro Global EBIT Related Terms

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Coro Global (Coro Global) Business Description

Traded in Other Exchanges
N/A
Address
78 SW 7th Street, Suite 500, Miami, FL, USA, 33130
Coro Global Inc is a fintech company that is creating a new financial payment system where gold can be used as money in everyday transactions as easily as fiat currencies. Coro's platform is powered by Distributed Ledger Technology, allowing customers to send and receive global payments and exchange currency, including gold, seamlessly and securely.
Executives
John R Bason director C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
William R Cullen director 1899 WYNKOOP STE 600 DENVER CO 80202
Anthony Paquin director C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
Hauser Milton director, 10 percent owner, officer: President, CEO 2 RIDGEDALE AVENUE SUITE 217 CEDER KNOLLS NJ 07927
Vantage Holding Ltd. 10 percent owner 67 WALL STREET SUITE 2211 NEW YORK NY 10005
Eric Rosenfeld officer: Chief Technical Officer 2 RIDGEDALE AVENUE, SUITE 271 CEDER KNOLLS NJ 07927
David Dorrance officer: VP - Digital Imaging 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927

Coro Global (Coro Global) Headlines