Greenwave Technology Solutions (Greenwave Technology Solutions) EBIT : $-22.05 Mil (TTM As of Mar. 2024)

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What is Greenwave Technology Solutions EBIT?

Greenwave Technology Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-5.87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-22.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greenwave Technology Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was -20.41%. Greenwave Technology Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -98.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greenwave Technology Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -42.03%.

Greenwave Technology Solutions EBIT Historical Data

The historical data trend for Greenwave 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.

Greenwave Technology Solutions EBIT Chart

Greenwave Technology Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-29.33

-9.57

8.93

-0.96

-18.04

Greenwave Technology Solutions 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															-1.86	-1.37	-12.82	-1.99	-5.87

Competitive Comparison of Greenwave Technology Solutions's EBIT

For the Waste Management subindustry, Greenwave 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.

Greenwave Technology Solutions's EV-to-EBIT Distribution in the Waste Management Industry

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

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

Greenwave 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.05 Mil.

Greenwave Technology Solutions (NAS:GWAV) EBIT Explanation

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

Greenwave Technology Solutions'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 )
=	-11.248 * ( 1 - 0% )	/	( (54.73	+	55.49)	/ 2 )
=	-11.248	/	55.11
=	-20.41 %

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	))
=	46.412	-	12.261	-	( 1.546	-	max(0, 23.269	-	2.69	+	1.546	))
=	54.73

	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	))
=	45.299	-	10.298	-	( 0.713	-	max(0, 22.708	-	2.219	+	0.713	))
=	55.49

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

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

Greenwave Technology Solutions'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 )
=	-23.472	/	( ( (23.798 + max(-11.116, 0))	+	(23.895 + max(-8.792, 0)) )	/	2 )
=	-23.472	/	( ( 23.798	+	23.895 )	/	2 )
=	-23.472	/	23.8465
=	-98.43 %

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)
=	(0.646	+	0.2	+	0.298)	-	(12.261	+	0	+	-0.0010000000000012)
=	-11.116

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.943	+	0.4	+	0.163)	-	(10.298	+	0	+	0)
=	-8.792

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-22.046	/	52.458
	=	-42.03 %

Greenwave Technology Solutions EBIT Related Terms

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Greenwave Technology Solutions (Greenwave Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Greenwave Technology Solutions Inc (NAS:GWAV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4016 Raintree Road, Suite 300, Chesapeake, VA, USA, 23321

Website

https://www.greenwavetechnologysolutions.com

Greenwave Technology Solutions Inc, through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.

Executives

Jason T Adelman	director	900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Henry Iii Sicignano	director	8201 MAIN STREET, SUITE 6, WILLIAMSVILLE NY 14221
Danny Meeks	director, other: Chairman of the BOD	1560 BROADWAY, SUITE 17-105, DENVER CO 80202
Ashley Elizabeth Sickles	officer: Chief Financial Officer	531 FOXGATE QUARTER, CHESAPEAKE VA 23322
John Bryan Plumlee	director	277 SUBURBAN DRIVE, SUFFOLK VA 23434
Howard Jordan	officer: Chief Financial Officer	277 SUBURBAN DRIVE, SUFFOLK VA 23434
Cheryl Elizabeth Lanthorn	director	277 SUBURBAN DRIVE, SUFFOLK VA 23434
John D. Wood	director	520 BUSHNELL DRIVE, VIRGINIA BEACH VA 23451
Isaac Dietrich	director, officer: Chief Executive Officer	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Charles Blum	director	1505 UPLAND HILLS DRIVE NORTH, UPLAND CA 91784
Jesus Quintero	officer: Chief Financial Officer	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Graham Farrar	director	2420 17TH STREET, OFFICE 3118, DENVER CO 80202
Cecil Bond Kyte	director	5125 LANKERSHIM BOULEVARD, NORTH HOLLYWOOD CA 91601
Scott C Kveton	officer: Chief Executive Officer	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Osborn Steven Lee Ii	officer: Chief Technology Officer	761 SE 65TH PL, HILLSBORO OR 97123