Greenway Greenhouse Cannabis (XCNQ:GWAY) EBIT : C$-3.33 Mil (TTM As of Dec. 2023)

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What is Greenway Greenhouse Cannabis EBIT?

Greenway Greenhouse Cannabis's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-1.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-3.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greenway Greenhouse Cannabis's annualized ROC % for the quarter that ended in Dec. 2023 was -18.20%. Greenway Greenhouse Cannabis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -18.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greenway Greenhouse Cannabis's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.71%.

Greenway Greenhouse Cannabis EBIT Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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.

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Greenway Greenhouse Cannabis EBIT Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

EBIT

-1.24

-2.07

-1.72

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial								-0.17	-0.27	-1.51	-0.48	-1.35

Competitive Comparison of Greenway Greenhouse Cannabis's EBIT

For the Drug Manufacturers - Specialty & Generic subindustry, Greenway Greenhouse Cannabis'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.

Greenway Greenhouse Cannabis's EV-to-EBIT Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenway Greenhouse Cannabis's EV-to-EBIT distribution charts can be found below:

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

Greenway Greenhouse Cannabis 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.33 Mil.

Greenway Greenhouse Cannabis (XCNQ:GWAY) EBIT Explanation

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

Greenway Greenhouse Cannabis's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-5.38 * ( 1 - 0% )	/	( (29.84	+	29.272)	/ 2 )
=	-5.38	/	29.556
=	-18.20 %

where

	Invested Capital		(Q: Sep. 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	))
=	34.304	-	6.91	-	( 1.621	-	max(0, 7.313	-	4.867	+	1.621	))
=	29.84

	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	))
=	34.785	-	5.443	-	( 2.353	-	max(0, 5.811	-	5.881	+	2.353	))
=	29.272

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Greenway Greenhouse Cannabis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.38	/	( ( (29.437 + max(-3.695, 0))	+	(28.904 + max(-1.939, 0)) )	/	2 )
=	-5.38	/	( ( 29.437	+	28.904 )	/	2 )
=	-5.38	/	29.1705
=	-18.44 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.526	+	2.489	+	0.2)	-	(6.91	+	0	+	-8.8817841970013E-16)
=	-3.695

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.834	+	2.45	+	0.22)	-	(5.443	+	0	+	0)
=	-1.939

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Greenway Greenhouse Cannabis's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.333	/	58.388
	=	-5.71 %

Greenway Greenhouse Cannabis EBIT Related Terms

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Greenway Greenhouse Cannabis (XCNQ:GWAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (XCNQ:GWAY) » Definitions » EBIT

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Traded in Other Exchanges

GWAYF:USA

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.

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