Plastic2Oil (Plastic2Oil) EBIT : $-1.27 Mil (TTM As of Sep. 2019)

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What is Plastic2Oil EBIT?

Plastic2Oil's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2019 was $-0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2019 was $-1.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Plastic2Oil's annualized ROC % for the quarter that ended in Sep. 2019 was -5.68%. Plastic2Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was -126.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Plastic2Oil's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was -237.50%.

Plastic2Oil EBIT Historical Data

The historical data trend for Plastic2Oil'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.

Plastic2Oil EBIT Chart

Plastic2Oil Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

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-5.35

-3.91

-4.92

-0.34

-1.62

Plastic2Oil Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
EBIT	Get a 7-Day Free Trial															-0.27	-0.73	-0.19	-0.19	-0.17

Competitive Comparison of Plastic2Oil's EBIT

For the Waste Management subindustry, Plastic2Oil'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.

Plastic2Oil's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Plastic2Oil's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Plastic2Oil's EV-to-EBIT falls into.

Plastic2Oil 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.27 Mil.

Plastic2Oil (OTCPK:PTOI) EBIT Explanation

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

Plastic2Oil's annualized ROC % for the quarter that ended in Sep. 2019 is calculated as:

	ROC % (Q: Sep. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2019 )	+	Invested Capital (Q: Sep. 2019 ))	/ count )
=	-0.66 * ( 1 - 0% )	/	( (11.467	+	11.761)	/ 2 )
=	-0.66	/	11.614
=	-5.68 %

where

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	0.76	-	4.898	-	( 0.014	-	max(0, 15.642	-	0.037	+	0.014	))
=	11.467

	Invested Capital		(Q: Sep. 2019 )
=	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	))
=	0.732	-	4.973	-	( 0.001	-	max(0, 16.019	-	0.017	+	0.001	))
=	11.761

Note: The Operating Income data used here is four times the quarterly (Sep. 2019) data.

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

Plastic2Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2019		Q: Sep. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.66	/	( ( (0.523 + max(-4.875, 0))	+	(0.517 + max(-4.957, 0)) )	/	2 )
=	-0.66	/	( ( 0.523	+	0.517 )	/	2 )
=	-0.66	/	0.52
=	-126.92 %

where Working Capital is:

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.023)	-	(4.898	+	0	+	0)
=	-4.875

	Working Capital		(Q: Sep. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.016)	-	(4.973	+	0	+	0)
=	-4.957

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

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

Plastic2Oil's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2019 )
	=	-1.273	/	0.536
	=	-237.50 %

Plastic2Oil EBIT Related Terms

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Plastic2Oil (Plastic2Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Plastic2Oil Inc (OTCPK:PTOI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Iroquois Street, Niagara Falls, NY, USA, 14303

Website

https://www.plastic2oil.com

Plastic2Oil Inc is a U.S based fuel company which engages in transforming unsorted and unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement in the United States. It uses waste plastic as feedstock to produce Fuel Oil No. 2, naphtha, and Fuel Oil No. 6 for various uses. The company also produces by-products, including an off-gas similar to natural gas and a petcoke carbon residue.

Executives

Luke R Taylor	10 percent owner, other: See Remarks Below	184 THOMPSON ST, APT 2A, NEW YORK NY 10012
Michael B. Dorrell	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Trent D Vichie	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Duncan D Murdoch	10 percent owner	532 W 22ND ST, APT 2A, NEW YORK NY 10011

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