Clearwater Ventures (Clearwater Ventures) EBIT : $-0.08 Mil (TTM As of Aug. 2015)

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What is Clearwater Ventures EBIT?

Clearwater Ventures's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2015 was $-0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2015 was $-0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clearwater Ventures's annualized ROC % for the quarter that ended in Aug. 2015 was -300.00%. Clearwater Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2015 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Clearwater Ventures EBIT Historical Data

The historical data trend for Clearwater Ventures'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.

Clearwater Ventures EBIT Chart

Clearwater Ventures Annual Data

Trend

Feb14

Feb15

EBIT

-0.10

Clearwater Ventures Quarterly Data
	May14	Aug14	Nov14	Feb15	May15	Aug15
EBIT	Get a 7-Day Free Trial			-0.02	-0.03	-0.04	-0.01	-

Competitive Comparison of Clearwater Ventures's EBIT

For the Pollution & Treatment Controls subindustry, Clearwater Ventures'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.

Clearwater Ventures's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Clearwater Ventures 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 Aug. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 Mil.

Clearwater Ventures (OTCPK:CWRV) EBIT Explanation

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

Clearwater Ventures's annualized ROC % for the quarter that ended in Aug. 2015 is calculated as:

	ROC % (Q: Aug. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2015 )	+	Invested Capital (Q: Aug. 2015 ))	/ count )
=	-0.012 * ( 1 - 0% )	/	( (0.004	+	0.004)	/ 2 )
=	-0.012	/	0.004
=	-300.00 %

where

	Invested Capital		(Q: May. 2015 )
=	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	))
=	0.005	-	0.071	-	( 0.001	-	max(0, 0.071	-	0.001	+	0.001	))
=	0.004

	Invested Capital		(Q: Aug. 2015 )
=	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	))
=	0.007	-	0.073	-	( 0.003	-	max(0, 0.073	-	0.003	+	0.003	))
=	0.004

Note: The Operating Income data used here is four times the quarterly (Aug. 2015) data.

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

Clearwater Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2015		Q: Aug. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.012	/	( ( (0 + max(-0.071, 0))	+	(0 + max(-0.073, 0)) )	/	2 )
=	-0.012	/	( ( 0	+	0 )	/	2 )
=	-0.012	/	0
=	%

where Working Capital is:

	Working Capital		(Q: May. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.071	+	0	+	0)
=	-0.071

	Working Capital		(Q: Aug. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.073	+	0	+	0)
=	-0.073

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2015) EBIT data.

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

Clearwater Ventures's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2015 )
	=	-0.078	/	0.000
	=	%

Clearwater Ventures EBIT Related Terms

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Clearwater Ventures (Clearwater Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Clearwater Ventures Inc (OTCPK:CWRV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Clearwater Ventures Inc, through its subsidiary is engaged in designing and marketing of pool filter product known as the Pool Guardian. It is designed to supplement and assist pool filters by capturing and holding unwanted pool surface debris.

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