GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » EBIT

Taronis Fuels (Taronis Fuels) EBIT : $-5.16 Mil (TTM As of Sep. 2020)


View and export this data going back to 2020. Start your Free Trial

What is Taronis Fuels EBIT?

Taronis Fuels's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-2.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-5.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taronis Fuels's annualized ROC % for the quarter that ended in Sep. 2020 was -13.71%. Taronis Fuels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -34.13%.

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


Taronis Fuels EBIT Historical Data

The historical data trend for Taronis Fuels'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.

Taronis Fuels EBIT Chart

Taronis Fuels Annual Data
Trend Dec17 Dec18 Dec19
EBIT
-3.11 -4.32 -5.28

Taronis Fuels Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.17 -0.52 -3.50 1.64 -2.78

Competitive Comparison of Taronis Fuels's EBIT

For the Utilities - Renewable subindustry, Taronis Fuels'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.


Taronis Fuels's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taronis Fuels's EV-to-EBIT distribution charts can be found below:

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



Taronis Fuels 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.16 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.


Taronis Fuels  (OTCPK:TRNFQ) EBIT Explanation

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

Taronis Fuels's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

ROC % (Q: Sep. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2020 ) + Invested Capital (Q: Sep. 2020 ))/ count )
=-8.776 * ( 1 - 0% )/( (58.113 + 69.873)/ 2 )
=-8.776/63.993
=-13.71 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

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

Taronis Fuels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2020  Q: Sep. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11.1/( ( (27.713 + max(4.975, 0)) + (29.287 + max(3.072, 0)) )/ 2 )
=-11.1/( ( 32.688 + 32.359 )/ 2 )
=-11.1/32.5235
=-34.13 %

where Working Capital is:

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.429 + 6.536 + 1.677) - (7.186 + 0.481 + 0)
=4.975

Working Capital(Q: Sep. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.553 + 7.257 + 1.74) - (11.434 + 5.044 + 0)
=3.072

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2020 )
=-5.156/0.000
= %

* 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.


Taronis Fuels EBIT Related Terms

Thank you for viewing the detailed overview of Taronis Fuels's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Taronis Fuels (Taronis Fuels) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383
Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.
Executives
Scott Mahoney director, officer: Chief Executive Officer 4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L. director 150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson officer: CFO/Treasurer/Secretary P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack director 150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii director

Taronis Fuels (Taronis Fuels) Headlines

From GuruFocus

TARONIS FUELS ANNOUNCES SALE OF $2.5 MILLION OF CONVERTIBLE NOTES

By Marketwired Marketwired 08-05-2021

TARONIS FUELS ANNOUNCES SEC RESOLUTION

By Ds*** Ds*** 08-29-2022

Taronis Provides Corporate Update

By Marketwired Marketwired 03-05-2021

Taronis Fuels Buys Out Royalty Obligations

By Marketwired Marketwired 12-02-2020

Taronis Expands Board of Directors

By Marketwired Marketwired 11-10-2020

Taronis Fuels Completes Reverse Split

By Marketwired Marketwired 12-30-2020