ClearSign Technologies (ClearSign Technologies) EBIT : $-5.29 Mil (TTM As of Mar. 2024)

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What is ClearSign Technologies EBIT?

ClearSign Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ClearSign Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was -209.46%. ClearSign Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,797.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ClearSign Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -14.08%.

ClearSign Technologies EBIT Historical Data

The historical data trend for ClearSign Technologies'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.

ClearSign Technologies EBIT Chart

ClearSign Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-8.58

-6.93

-7.89

-5.89

-5.73

ClearSign Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-1.61	-1.62	-1.46	-1.04	-1.17

Competitive Comparison of ClearSign Technologies's EBIT

For the Pollution & Treatment Controls subindustry, ClearSign Technologies'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.

ClearSign Technologies's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

ClearSign Technologies 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.29 Mil.

ClearSign Technologies (NAS:CLIR) EBIT Explanation

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

ClearSign Technologies's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-4.692 * ( 1 - 0% )	/	( (2.298	+	2.182)	/ 2 )
=	-4.692	/	2.24
=	-209.46 %

where

	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	))
=	7.62	-	1.069	-	( 5.684	-	max(0, 2.256	-	6.509	+	5.684	))
=	2.298

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	6.62	-	0.898	-	( 4.624	-	max(0, 2.002	-	5.542	+	4.624	))
=	2.182

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

ClearSign Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.692	/	( ( (0.275 + max(-1.548, 0))	+	(0.247 + max(-1.018, 0)) )	/	2 )
=	-4.692	/	( ( 0.275	+	0.247 )	/	2 )
=	-4.692	/	0.261
=	-1,797.70 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.287	+	0	+	0.35)	-	(1.069	+	1.116	+	-4.4408920985006E-16)
=	-1.548

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.569	+	0	+	0.349)	-	(0.898	+	1.038	+	0)
=	-1.018

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-5.288	/	37.545
	=	-14.08 %

ClearSign Technologies EBIT Related Terms

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ClearSign Technologies (ClearSign Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ClearSign Technologies Corp (NAS:CLIR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

4CC:Germany

Address

8023 East 63rd Place, Suite 101, Tulsa, OK, USA, 74133

Website

https://www.clearsign.com

ClearSign Technologies Corp is engaged in providing solutions to some of the pressing productivity, energy efficiency, and pollution problems affecting the energy, oil, and gas production, boiler, and processing industries. It believes that its patented ClearSign Core technology can enhance the performance of combustion systems in a broad range of markets, including the energy (upstream oil production and downstream refining), institutional, commercial, and industrial boiler, chemical, and petrochemical industries. The company offers products that include process burners, boiler burners, flares, and ClearSign Eye.

Executives

Lacy Catharine De	director	6 VILLAGE NORTH DR, #107, HILTON HEAD SC 29926
Gary J. Dielsi	director	18 PIERREPONT DRIVE, RIDGEFIELD CT 06877
Hoffman Robert Thurston Sr	director, 10 percent owner	119 WARREN AVENUE, SPRING LAKE NJ 07762
Bruce Alan Pate	director	23235 WALLING RD., GEYSERVILLE CA 95441
Brent Hinds	officer: VP and Controller	12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Judith S Schrecker	director	12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Susanne Meline	director	P.O. BOX 515381, #86506, LOS ANGELES CA 90051
Deller Colin James	officer: Chief Executive Officer	C/O CLEARSIGN COMBUSTION CORP., 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Donald W Kendrick	officer: Chief Technology Officer	12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Brian Grant Fike	officer: Chief Financial Officer	12755 SE 73RD PLACE, NEWCASTLE WA 98056-1315
Stephen Michael Sock	officer: SVP, Business Development	4025 RAVENSWAY CT, PEARLAND TX 77584
Lon E Bell	director	C/O AMERIGON INC, 5462 IRWINDALE AVENUE, IRWINDALE CA 91706
James M Simmons	director
Clirspv Llc	10 percent owner	119 WARREN AVE, 3RD FLOOR, SPRING LAKE NJ 07762-1217
Princeton Opportunity Management Llc	10 percent owner	119 WARREN AVE, 3RD FLOOR, SPRING LAKE NJ 07762