Bitech Technologies (Bitech Technologies) EBIT : $-0.89 Mil (TTM As of Mar. 2024)

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What is Bitech Technologies EBIT?

Bitech Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.89 Mil.

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

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bitech Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.56%.

Bitech Technologies EBIT Historical Data

The historical data trend for Bitech 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.

Bitech Technologies EBIT Chart

Bitech Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.55

-0.27

-0.29

-0.81

Bitech Technologies 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															-0.23	-0.22	-0.14	-0.22	-0.31

Competitive Comparison of Bitech Technologies's EBIT

For the Software - Application subindustry, Bitech 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.

Bitech Technologies's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Bitech Technologies's EV-to-EBIT distribution charts can be found below:

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

Bitech 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.89 Mil.

Bitech Technologies (OTCPK:BTTC) EBIT Explanation

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

Bitech Technologies'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 )
=	-1.256 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-1.256	/	0
=	%

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	))
=	0.163	-	0.035	-	( 0.152	-	max(0, 0.035	-	0.163	+	0.152	))
=	0

	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	))
=	0.242	-	0.054	-	( 0.242	-	max(0, 0.054	-	0.242	+	0.242	))
=	0

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

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

Bitech Technologies'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 )
=	-1.256	/	( ( (0 + max(-0.024, 0))	+	(0 + max(-0.054, 0)) )	/	2 )
=	-1.256	/	( ( 0	+	0 )	/	2 )
=	-1.256	/	0
=	%

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	+	0	+	0.011)	-	(0.035	+	0	+	0)
=	-0.024

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.054	+	0	+	0)
=	-0.054

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.886	/	56.645
	=	-1.56 %

Bitech Technologies EBIT Related Terms

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Bitech Technologies (Bitech Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitech Technologies Corp (OTCPK:BTTC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

895 Dove Street, Suite 300, Newport Beach, CA, USA, 92660

Website

https://www.bitech.tech

Bitech Technologies Corp is a technology solution provider dedicated to providing a suite of green energy solutions with a focus on cryptocurrency mining, data centers, commercial and residential utility, electric vehicle, and other renewable energy initiatives.

Executives

Gregory Daniel Trimarche	director	535 ANTON BLVD,, SUITE 1000, COSTA MESA CA 92626
Benjamin B Tran	director, 10 percent owner, officer: Chief Executive Officer	49 MONTEREY PINE DR., NEWPORT COAST CA 92657
Michael Hanh Cao	director, 10 percent owner	7208 WEST SAND LAKE RD,, SUITE 305, ORLANDO FL 32819
Calvin Cao	10 percent owner	2203 N LOIS AVENUE 9TH FL, TAMPA FL 33607
Robert J Brilon	officer: Chief Financial Officer	1201 S. ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210
William Donovan	director, 10 percent owner, officer: CEO	903 CREEKWOOD WAY, HOUSTON TX 77024
Jeffrey A Cronk	director	5225 KATY FREEWAY, SUITE 600, HOUSTON TX 77007
Lpd Investments, Ltd	10 percent owner	25025 I45 NORTH, THE WOODLANDS TX 77380
Peter L Dalrymple	director, 10 percent owner	13451 BELHAVEN DRIVE, HOUSTON TX 77069
John R Bergeron	director	7411 SONGWIND, SPING TX 77379
William A Lawrence	director	6 RILLWOOD PLACE, THE WOODLANDS TX 77382
Eric K Groteke	officer: CTO	2495 ENTERPRISE ROAD, SUITE 104, CLEARWATER FL 33763
Jerry W. Bratton	director	P.O. BOX 541716, DALLAS TX 75354
Franklin Arthur Rose	director	1121-16 UPTOWN PARK BLVD, HOUSTON TX 77056
John A. Talamas	other: Former COO	54 HILLOCK WOODS DRIVE, THE WOODLANDS TX 77380