Greenway Technologies (Greenway Technologies) EBIT : $-0.93 Mil (TTM As of Sep. 2023)

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What is Greenway Technologies EBIT?

Greenway Technologies's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greenway Technologies's annualized ROC % for the quarter that ended in Sep. 2023 was -20.07%. Greenway Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greenway Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -10.99%.

Greenway Technologies EBIT Historical Data

The historical data trend for Greenway 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.

Greenway Technologies EBIT Chart

Greenway Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-2.89

-3.22

-1.77

-1.12

-0.87

Greenway Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.23	-0.21	-0.33	-0.21	-0.18

Competitive Comparison of Greenway Technologies's EBIT

For the Oil & Gas Equipment & Services subindustry, Greenway 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.

Greenway Technologies's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Greenway 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.93 Mil.

Greenway Technologies (OTCPK:GWTI) EBIT Explanation

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

Greenway Technologies's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.728 * ( 1 - 0% )	/	( (3.628	+	3.625)	/ 2 )
=	-0.728	/	3.6265
=	-20.07 %

where

	Invested Capital		(Q: Jun. 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	))
=	0.007	-	7.704	-	( 0.007	-	max(0, 11.332	-	0.007	+	0.007	))
=	3.628

	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	))
=	0.001	-	8.009	-	( 0.001	-	max(0, 11.634	-	0.001	+	0.001	))
=	3.625

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.728	/	( ( (0 + max(-7.707, 0))	+	(0 + max(-8.009, 0)) )	/	2 )
=	-0.728	/	( ( 0	+	0 )	/	2 )
=	-0.728	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(7.704	+	0.004	+	-0.00099999999999945)
=	-7.707

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(8.009	+	0	+	0)
=	-8.009

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.931	/	8.470
	=	-10.99 %

Greenway Technologies EBIT Related Terms

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Greenway Technologies (Greenway Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenway Technologies Inc (OTCPK:GWTI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1521 North Cooper Street, Suite 205, Arlington, TX, USA, 76011

Website

https://www.gwtechinc.com

Greenway Technologies Inc is engaged in the research and development of proprietary gas-to-liquids (GTL) synthesis gas (Syngas) conversion systems. It uses its component G-Reformer unit to convert natural gas into syngas. The company is at the development stage and plans to produce renewable GTL synthesized diesel and jet fuels in the United States.

Executives

Paul R. Alfano	director	21 BARCHAN DUNE RISE, VICTOR NY 14546
Robert Kevin Jones	director	892 MEADOW HILL RD, FT. WORTH TX 76108
David Patrick Six	director, officer: President	8704 EAGLEVIEW CT, FORT WORTH TX 76179
John William Olynick	officer: President	35 LOUVAIN STREET, FAIRFIELD CT 06825
Peter J. Hauser	director	1208 SHADY CREEK ROAD, MARRIOTTSVILLE MD 21104-1447
Kenton James Harer	director	4109 MAPLERIDGE DRIVE, GRAPEVINE TX 76051
Raymond Wright	director, officer: SECRETARY	6628 BRYANT IRVIN ROAD, SUITE 250, FORT WORTH TX 76132
Ransom Bert Jones	director, officer: President and CFO	10608 CAMELOT DRIVE, FRISCO TX 75035
Randy Moseley	director, 10 percent owner, officer: CFO - CHAIRMAN
Richard Halden	director, 10 percent owner, officer: President	6628 BRYANT IRVIN ROAD, SUITE 250, FORT WORTH TX 76132
T Craig Takacs	director	6628 BRYANT IRVIN ROAD, SUITE 250, FORT WORTH TX 76132
Kevin Bentley	director, 10 percent owner, officer: CEO	6628 BRYANT IRVIN ROAD, SUITE 250, FORT WORTH TX 76132