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Correlate Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-2.98 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-7.72 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Correlate Energy's annualized ROC % for the quarter that ended in Mar. 2024 was -206.03%. Correlate Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6,498.09%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Correlate Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -24.66%.
The historical data trend for Correlate Energy'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.
Correlate Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -0.09 | -0.18 | -0.08 | -5.95 | -7.27 |
Correlate Energy Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EBIT | Get a 7-Day Free Trial | -2.53 | -0.11 | -1.59 | -3.04 | -2.98 |
For the Engineering & Construction subindustry, Correlate Energy'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.
For the Construction industry and Industrials sector, Correlate Energy's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Correlate Energy's EV-to-EBIT falls into.
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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.72 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.
Correlate Energy (OTCPK:CIPI) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Correlate Energy's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | -11.924 * ( 1 - 0% ) | / | ( (6.24 | + | 5.335) | / 2 ) |
= | -11.924 | / | 5.7875 | |||
= | -206.03 % |
where
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 | )) |
= | 4.561 | - | 2.241 | - | ( 1.412 | - | max(0, 6.805 | - | 2.885 | + | 1.412 | )) |
= | 6.24 |
Invested Capital | (Q: Mar. 2024 ) | |||||||||||
= | 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 | )) |
= | 3.048 | - | 2.713 | - | ( 0.102 | - | max(0, 6.43 | - | 1.43 | + | 0.102 | )) |
= | 5.335 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Correlate Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Mar. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Dec. 2023 | Q: Mar. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -11.924 | / | ( ( (0.172 + max(-2.705, 0)) | + | (0.195 + max(-3.1, 0)) ) | / | 2 ) |
= | -11.924 | / | ( ( 0.172 | + | 0.195 ) | / | 2 ) |
= | -11.924 | / | 0.1835 | ||||
= | -6,498.09 % |
where Working Capital is:
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.409 | + | 0 | + | 1.011) | - | (2.241 | + | 1.788 | + | 0.095999999999999) |
= | -2.705 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.185 | + | 0 | + | 1.062) | - | (2.713 | + | 1.537 | + | 0.097) |
= | -3.1 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Correlate Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | -7.722 | / | 31.319 | |
= | -24.66 % |
* 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.
Thank you for viewing the detailed overview of Correlate Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Eli Albrecht | director | 176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702 |
Channing F. Chen | officer: Chief Financial Officer | 25 ARUNDEL RD, BURLINGAME CA 94010 |
G Robert Powell | director | P.O. BOX 1204, LAFAYETTE CA 94549 |
Matthew C Flemming | director | 18614 RESICA FALLS, HOUSTON TX 77094 |
Jason Loyet | director | 205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201 |
Todd Robert Michaels | director, officer: CEO and President | 3212 S. EAGLE BROOK LANE, EAGLE ID 83616 |
Hunt Cory Gerald | director | 939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7 |
Newton W. Dorsett | 10 percent owner | 220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101 |
Tim Burroughs | officer: President, CEO | 2717 SUN MEADOW DR, FLOWER MOUND TX 75022 |
Daniel R Robinson | director | 190 COYOTE COURT, ARGYLE TX 76226 |
Donald R Lawhorne | director | 2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080 |
Kenneth Conte | officer: Chief Financial Officer | 12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251 |
Charles David York | officer: Executive Vice President | 5004 JOSHUA DRIVE, FLOWER MOUND TX 75028 |
Sherri Cecotti | officer: Vice President | 3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234 |
Bernard O'donnell | director | 3505 WOODHAVEN DRIVE, DALLAS TX 75234 |
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