Wavefront Technology Solutions (Wavefront Technology Solutions) EBIT : $-1.37 Mil (TTM As of May. 2022)

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What is Wavefront Technology Solutions EBIT?

Wavefront Technology Solutions's earnings before interest and taxes (EBIT) for the three months ended in May. 2022 was $-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2022 was $-1.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wavefront Technology Solutions's annualized ROC % for the quarter that ended in May. 2022 was -200.13%. Wavefront Technology Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2022 was -248.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wavefront Technology Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2022 was 1,221.43%.

Wavefront Technology Solutions EBIT Historical Data

The historical data trend for Wavefront Technology Solutions'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.

Wavefront Technology Solutions EBIT Chart

Wavefront Technology Solutions Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

EBIT

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-2.93

-1.37

-0.32

-0.49

-1.08

Wavefront Technology Solutions Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
EBIT	Get a 7-Day Free Trial															-0.29	-0.20	-0.45	-0.33	-0.39

Competitive Comparison of Wavefront Technology Solutions's EBIT

For the Oil & Gas Equipment & Services subindustry, Wavefront Technology Solutions'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.

Wavefront Technology Solutions's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Wavefront Technology Solutions's EV-to-EBIT distribution charts can be found below:

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

Wavefront Technology Solutions 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 May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.37 Mil.

Wavefront Technology Solutions (OTCPK:WFTSF) EBIT Explanation

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

Wavefront Technology Solutions's annualized ROC % for the quarter that ended in May. 2022 is calculated as:

	ROC % (Q: May. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2022 )	+	Invested Capital (Q: May. 2022 ))	/ count )
=	-1.536 * ( 1 - 0% )	/	( (0.771	+	0.764)	/ 2 )
=	-1.536	/	0.7675
=	-200.13 %

where

	Invested Capital		(Q: Feb. 2022 )
=	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	))
=	2.086	-	0.74	-	( 0.881	-	max(0, 0.865	-	1.44	+	0.881	))
=	0.771

	Invested Capital		(Q: May. 2022 )
=	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	))
=	1.69	-	0.704	-	( 0.456	-	max(0, 0.854	-	1.076	+	0.456	))
=	0.764

Note: The Operating Income data used here is four times the quarterly (May. 2022) data.

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

Wavefront Technology Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2022		Q: May. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.54	/	( ( (0.636 + max(-0.227, 0))	+	(0.603 + max(-0.154, 0)) )	/	2 )
=	-1.54	/	( ( 0.636	+	0.603 )	/	2 )
=	-1.54	/	0.6195
=	-248.59 %

where Working Capital is:

	Working Capital		(Q: Feb. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.349	+	0.105	+	0.105)	-	(0.74	+	0.046	+	0)
=	-0.227

	Working Capital		(Q: May. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.412	+	0.131	+	0.077)	-	(0.704	+	0.07	+	1.1102230246252E-16)
=	-0.154

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2022) EBIT data.

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

Wavefront Technology Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2022 )
	=	-1.368	/	-0.112
	=	1,221.43 %

Wavefront Technology Solutions EBIT Related Terms

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Wavefront Technology Solutions (Wavefront Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wavefront Technology Solutions Inc (OTCPK:WFTSF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Street North West, Suite 5621, Edmonton, AB, CAN, T6B 3P6

Website

https://www.onthewavefront.com

Wavefront Technology Solutions Inc is a technology company providing solutions to oil and gas exploration and production companies to maximize oil and gas production. It has two processes namely the Powerwave process which is an injection technology that improves the flow of fluids in geological materials including sedimentary soils and fractured rock, and Primawave process which is an effective method for aiding in-situ (in-ground) environmental groundwater remediation clean-up strategies in contaminated sites. Geographically it earns key revenue from the Middle East.