Titan Environmental Solutions (Titan Environmental Solutions) EBIT : $-12.08 Mil (TTM As of Mar. 2024)

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What is Titan Environmental Solutions EBIT?

Titan Environmental Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-12.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Titan Environmental Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was -24.48%. Titan Environmental Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -91.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Titan Environmental Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -69.72%.

Titan Environmental Solutions EBIT Historical Data

The historical data trend for Titan Environmental 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.

Titan Environmental Solutions EBIT Chart

Titan Environmental Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.45

-0.36

-4.47

-1.11

-10.92

Titan Environmental 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															-0.60	-22.55	-118.35	130.56	-1.75

Competitive Comparison of Titan Environmental Solutions's EBIT

For the Waste Management subindustry, Titan Environmental 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.

Titan Environmental Solutions's EV-to-EBIT Distribution in the Waste Management Industry

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

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

Titan Environmental 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 $-12.08 Mil.

Titan Environmental Solutions (OTCPK:TESI) EBIT Explanation

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

Titan Environmental 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 )
=	-7.288 * ( 1 - 0% )	/	( (28.894	+	30.655)	/ 2 )
=	-7.288	/	29.7745
=	-24.48 %

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	))
=	22.175	-	4.217	-	( 0.104	-	max(0, 12.411	-	1.475	+	0.104	))
=	28.894

	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	))
=	22.908	-	5.377	-	( 0.003	-	max(0, 14.501	-	1.377	+	0.003	))
=	30.655

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

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

Titan Environmental 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 )
=	-6.992	/	( ( (7.363 + max(-3.148, 0))	+	(7.884 + max(-4.577, 0)) )	/	2 )
=	-6.992	/	( ( 7.363	+	7.884 )	/	2 )
=	-6.992	/	7.6235
=	-91.72 %

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)
=	(0.971	+	0.145	+	0.248)	-	(4.217	+	0.227	+	0.068)
=	-3.148

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.935	+	0.22	+	0.219)	-	(5.377	+	0.524	+	0.049999999999999)
=	-4.577

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-12.079	/	17.325
	=	-69.72 %

Titan Environmental Solutions EBIT Related Terms

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Titan Environmental Solutions (Titan Environmental Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Titan Environmental Solutions Inc (OTCPK:TESI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

14205 SE 36th Street, Suite 100, Bellevue, WA, USA, 98006

Website

https://www.traqiq.com

Titan Environmental Solutions Inc is a integrated providing company that provides non-hazardous solid waste and recycling collection, transportation, transfer and disposal services. It also provides technology-enabled solutions for food waste processing, including onsite digesters for food waste, together with cloud-based software tracking and analytics solutions.

Executives

Eleven 11 Management Llc	10 percent owner	156 W. SADDLE RIVER ROAD, SADDLE RIVER NJ 07458
Jeffrey John Rizzo	director, 10 percent owner, officer: Chief Operating Officer	1931 AUSTIN DRIVE, TROY MI 48083
Michelle Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michelle M. Rizzo Trust, Dated January 17, 2009	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn D. Rizzo Trust, Dated April 23, 2010, As Amended	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan 5, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan Holdings 2, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michael Jansen	officer: Chief Financial Officer	1931 AUSTIN DRIVE, TROY MI 48083
Glen Martin Miller	director, officer: Chief Executive Officer	1931 AUSTIN DRIVE, TROY MI 48083
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Sandeep Soni	officer: President of Kringle.ai	515 OCEAN AVENUE, UNIT 401N, SANTA MONICA CA 90402
Lathika Regunathan	officer: President of Mimo Technologies	A 847, GROUND FLOOR, LAVY PINTO BLOCK,, ASIAN GAMES VILLAGE, NEW DELHI K7 110049
Michael H Pollack	officer: Interim CFO	114 WEST 47TH STREET, 19TH FLOOR, NEW YORK NY 10036
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540