Clean Tech Biofuels (Clean Tech Biofuels) Operating Income : $-0.33 Mil (TTM As of Sep. 2019)

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What is Clean Tech Biofuels Operating Income?

Clean Tech Biofuels's Operating Income for the three months ended in Sep. 2019 was $-0.07 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2019 was $-0.33 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Clean Tech Biofuels's Operating Income for the three months ended in Sep. 2019 was $-0.07 Mil. Clean Tech Biofuels's Revenue for the three months ended in Sep. 2019 was $0.00 Mil. Therefore, Clean Tech Biofuels's Operating Margin % for the quarter that ended in Sep. 2019 was %.

Clean Tech Biofuels's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clean Tech Biofuels's annualized ROC % for the quarter that ended in Sep. 2019 was -5.20%. Clean Tech Biofuels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was %.

Clean Tech Biofuels Operating Income Historical Data

The historical data trend for Clean Tech Biofuels's Operating Income 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.

Clean Tech Biofuels Operating Income Chart

Clean Tech Biofuels Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Operating Income

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-0.52

-0.45

-0.49

-0.36

-0.39

Clean Tech Biofuels Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Operating Income	Get a 7-Day Free Trial															-0.08	-0.09	-0.10	-0.08	-0.07

Clean Tech Biofuels Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.33 Mil.

Clean Tech Biofuels (OTCPK:CLTH) Operating Income Explanation

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

Clean Tech Biofuels's annualized ROC % for the quarter that ended in Sep. 2019 is calculated as:

	ROC % (Q: Sep. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2019 )	+	Invested Capital (Q: Sep. 2019 ))	/ count )
=	-0.284 * ( 1 - 0% )	/	( (5.409	+	5.509)	/ 2 )
=	-0.284	/	5.459
=	-5.20 %

where

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	2.189	-	4.046	-	( 0	-	max(0, 7.286	-	0.02	+	0	))
=	5.409

	Invested Capital		(Q: Sep. 2019 )
=	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	))
=	2.188	-	4.103	-	( 0	-	max(0, 7.443	-	0.019	+	0	))
=	5.509

Note: The Operating Income data used here is four times the quarterly (Sep. 2019) data.

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

Clean Tech Biofuels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2019		Q: Sep. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.28	/	( ( (0 + max(-4.026, 0))	+	(0 + max(-4.084, 0)) )	/	2 )
=	-0.28	/	( ( 0	+	0 )	/	2 )
=	-0.28	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.02)	-	(4.046	+	0	+	-8.8817841970013E-16)
=	-4.026

	Working Capital		(Q: Sep. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.019)	-	(4.103	+	0	+	0)
=	-4.084

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Clean Tech Biofuels's Operating Margin % for the quarter that ended in Sep. 2019 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	-0.071	/	0
	=	%

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Clean Tech Biofuels Operating Income Related Terms

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Clean Tech Biofuels (Clean Tech Biofuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Clean Tech Biofuels Inc (OTCPK:CLTH) » Definitions » Operating Income

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Address

7386 Pershing Avenue, St. Louis, MO, USA, 63130

Website

http://www.cleantechbiofuels.net

Clean Tech Biofuels Inc is a development stage company engaged in providing cellulosic biomass derived from municipal solid waste (MSW). The company involves in producing energy and other chemical products, and recyclables (metals, plastics, and glass) from the MSW. Its biomass recovery process which is based on the pressurized steam classification (PSC) technology cleans and separates MSW and generates a clean, homogeneous biomass feedstock. It focuses on designing, building and operating a commercial biomass recovery plant that will allow the company to produce biomass feedstock for its customers.

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