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Lightwave Logic's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-5.85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-21.92 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lightwave Logic's annualized ROC % for the quarter that ended in Mar. 2024 was -246.42%. Lightwave Logic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -292.22%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lightwave Logic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.61%.
The historical data trend for Lightwave Logic'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.
Lightwave Logic Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -6.32 | -6.60 | -17.00 | -17.14 | -21.23 |
Lightwave Logic 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 | -5.16 | -5.34 | -5.39 | -5.34 | -5.85 |
For the Specialty Chemicals subindustry, Lightwave Logic'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.
For the Chemicals industry and Basic Materials sector, Lightwave Logic's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Lightwave Logic's EV-to-EBIT falls into.
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 $-21.92 Mil.
* 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.
Lightwave Logic (NAS:LWLG) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Lightwave Logic'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 ) |
= | -23.404 * ( 1 - 0% ) | / | ( (9.306 | + | 9.689) | / 2 ) |
= | -23.404 | / | 9.4975 | |||
= | -246.42 % |
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 | )) |
= | 41.784 | - | 2.361 | - | ( 31.432 | - | max(0, 2.583 | - | 32.7 | + | 31.432 | )) |
= | 9.306 |
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 | )) |
= | 41.738 | - | 1.598 | - | ( 31.509 | - | max(0, 1.812 | - | 32.263 | + | 31.509 | )) |
= | 9.689 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Lightwave Logic'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 ) |
= | -23.404 | / | ( ( (7.829 + max(-1.176, 0)) | + | (8.189 + max(-0.908, 0)) ) | / | 2 ) |
= | -23.404 | / | ( ( 7.829 | + | 8.189 ) | / | 2 ) |
= | -23.404 | / | 8.009 | ||||
= | -292.22 % |
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) |
= | (0.03 | + | 0 | + | 1.233) | - | (2.361 | + | 0.078 | + | 0) |
= | -1.176 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.057 | + | 0 | + | 0.697) | - | (1.598 | + | 0.064 | + | 0) |
= | -0.908 |
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:
Lightwave Logic's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | -21.917 | / | 390.497 | |
= | -5.61 % |
* 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.
Thank you for viewing the detailed overview of Lightwave Logic's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederick J Leonberger | director | C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409 |
Ronald A Bucchi | director | C/O FIRST CONNECTICUT BANCORP, INC., ONE FARM GLEN BOULEVARD, FARMINGTON CT 06032 |
Laila Partridge | director | 78 BLANCHARD ROAD, BURLINGTON MA 01803 |
Siraj Nour El-ahmadi | director | 4331 WOODCREST LANE, DALLAS TX 75206 |
Michael Stephen Lebby | director | 680 MISSION STREET, 24F, SAN FRANCISCO CA 94105 |
Craig Ciesla | director | 369 INVERNESS PARKWAY, SUITE 350, ENGLEWOOD CO 80112 |
Thomas Edward Zelibor | director | 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501 |
George Lauro | director | 110 KENSINGTON DRIVE, SARATOGA CA 02021 |
Louis Charles Glasgow | officer: Chief Technology Officer | 1693 YARDLEY DRIVE, WEST CHESTER PA 19380 |
Joseph A Miller | director | ONE RIVERFRONT PLZ, CORNING NY 14831 |
Goetz Frederick J Jr | director, 10 percent owner, officer: President | 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713 |
Phillips W Smith | director, officer: Chair of Board of Directors | 7860 EAST MCCLAIN DRIVE, SUITE 2, SCOTTSDALE AZ 85260-1627 |
Thomas P Smith | director | 7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627 |
James S. Marcelli | director, officer: Chief Executive Officer | 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501 |
Ross W. Fasick | director | 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713 |
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