The Coretec Group (The Coretec Group) EBIT : $-2.33 Mil (TTM As of Mar. 2024)

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What is The Coretec Group EBIT?

The Coretec Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Coretec Group's annualized ROC % for the quarter that ended in Mar. 2024 was -117.35%. The Coretec Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,409.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Coretec Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -39.92%.

The Coretec Group EBIT Historical Data

The historical data trend for The Coretec Group'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.

The Coretec Group EBIT Chart

The Coretec Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.57

-1.18

-6.09

-2.67

-2.31

The Coretec Group 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															-0.46	-0.43	-0.41	-1.01	-0.48

Competitive Comparison of The Coretec Group's EBIT

For the Computer Hardware subindustry, The Coretec Group'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.

The Coretec Group's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, The Coretec Group's EV-to-EBIT distribution charts can be found below:

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

The Coretec Group 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 $-2.33 Mil.

The Coretec Group (OTCPK:CRTG) EBIT Explanation

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

The Coretec Group'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 )
=	-1.924 * ( 1 - 0% )	/	( (1.675	+	1.604)	/ 2 )
=	-1.924	/	1.6395
=	-117.35 %

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	))
=	1.761	-	0.076	-	( 0.524	-	max(0, 0.647	-	0.657	+	0.524	))
=	1.675

	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	))
=	1.283	-	0.155	-	( 0.115	-	max(0, 0.679	-	0.203	+	0.115	))
=	1.604

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

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

The Coretec Group'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 )
=	-1.924	/	( ( (0.11 + max(0.057, 0))	+	(0.106 + max(-0.067, 0)) )	/	2 )
=	-1.924	/	( ( 0.167	+	0.106 )	/	2 )
=	-1.924	/	0.1365
=	-1,409.52 %

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	+	0.133)	-	(0.076	+	0	+	1.1102230246252E-16)
=	0.057

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.088)	-	(0.155	+	0	+	0)
=	-0.067

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:

The Coretec Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-2.327	/	5.829
	=	-39.92 %

The Coretec Group EBIT Related Terms

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The Coretec Group (The Coretec Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » The Coretec Group Inc (OTCPK:CRTG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 South Wagner Road, Ann Arbor, MI, USA, 48103

Website

https://www.thecoretecgroup.com

The Coretec Group Inc is technology company. The company is currently developing, testing, and providing new and/or improved technologies, products, and service solutions for energy-related industries including, but not limited to oil/gas, renewable energy, and distributed energy industries. Many of these technologies and products also have applications for medical, electronic, photonic, display, and lighting markets among others. The company's product portfolio includes Endurion, Coretec HexaSilane, CSpace, and other Technologies which are based on the production of silicon products.

Executives

Victor F Keen	director	C/O RESEARCH FRONTIERS INC., 240 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Simon Calton	director, 10 percent owner	C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Matthew Joseph Kappers	director, officer: Chief Executive Officer	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Matthew Leo Hoffman	officer: Chief Financial Officer	333 JACKSON PLAZA, SUITE 1200, ANN ARBOR MI 48103
Michael Anthony Kraft	officer: Chief Executive Officer	3169 REDHILL AVENUE, COSTA MESA CA 92626
Dennis Keith Anderson	director, 10 percent owner	C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Ronald Dombrowski	director	C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Doug Freitag	director, officer: Chief Executive Officer	C/O 3DICON CORPORATION, 505 BROADWAY, S.208, FARGO ND 58102
Ronald Wayne Robinson	officer: Chief Financial Officer	6804 SOUTH CANTON AVENUE, SUITE 150, TULSA OK 74136
Anthony Martin Keating	director	7507 SOUTH SANDUSKY AVENUE, TULSA OK 74136
John Michael Oconnor	director	2828 E. 34, TULSA OK 74105
Chris Dunstan	officer: Chief Financial Officer
Sidney A Aroesty	director	DIAGNOSTIC PRODUCTS CORP, 5700 WEST 96TH STREET, LOS ANGELES CA 90045
Keating Judith Faye Snider	other: Corporate Secretary	7507 SOUTH SANDUSKY AVENUE, TULSA OK 74136
Mark G Willner	officer: Chief Executive Officer	543 MONROE STREET, DENVER CO 80206