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PureCycle Technologies (PureCycle Technologies) EBIT : $-89.77 Mil (TTM As of Mar. 2024)


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What is PureCycle Technologies EBIT?

PureCycle Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-70.55 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-89.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PureCycle Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was -19.84%. PureCycle Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -42.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PureCycle Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.29%.


PureCycle Technologies EBIT Historical Data

The historical data trend for PureCycle 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.

PureCycle Technologies EBIT Chart

PureCycle Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -18.30 -48.89 -70.03 -82.43 -69.70

PureCycle Technologies Quarterly Data
Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.19 -27.80 15.64 -7.05 -70.55

Competitive Comparison of PureCycle Technologies's EBIT

For the Pollution & Treatment Controls subindustry, PureCycle 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.


PureCycle Technologies's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PureCycle Technologies's EV-to-EBIT distribution charts can be found below:

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



PureCycle 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 $-89.77 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.


PureCycle Technologies  (NAS:PCT) EBIT Explanation

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

PureCycle 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 )
=-155.928 * ( 1 - 0% )/( (885.876 + 686.048)/ 2 )
=-155.928/785.962
=-19.84 %

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))
=1039.373 - 46.462 - ( 121.637 - max(0, 55.61 - 162.645+121.637))
=885.876

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

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

PureCycle 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 )
=-282.212/( ( (668.545 + max(-5.454, 0)) + (670.802 + max(-16.403, 0)) )/ 2 )
=-282.212/( ( 668.545 + 670.802 )/ 2 )
=-282.212/669.6735
=-42.14 %

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 + 41.008) - (46.462 + 0 + 0)
=-5.454

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 23.963) - (40.366 + 0 + 0)
=-16.403

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-89.766/1083.469
=-8.29 %

* 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.


PureCycle Technologies EBIT Related Terms

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PureCycle Technologies (PureCycle Technologies) Business Description

Traded in Other Exchanges
Address
5950 Hazeltine National Drive, Suite 300, Orlando, FL, USA, 32822
PureCycle Technologies Inc holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.
Executives
Lawrence C Somma officer: Chief Financial Officer C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Steven F Bouck director C/O WASTE CONNECTIONS INC, 2260 DOUGLAS BLVD SUITE 280, ROSEVILLE CA 95661
Fernando Musa director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Daniel M Coombs director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Dustin Olson officer: Chief Manufacturing Officer 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Brad Kalter officer: Gen. Counsel & Corp. Secretary 800 2ND AVE S, ST PETERSBURG FL 33701
John Stewart Scott director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
David Warner Brenner officer: Chief Commercial Officer 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Jeffrey Richard Fieler director 10 MARKET STREET, PO BOX 687, GRAND CAYMAN E9 KY1-9006
Sylebra Capital Ltd 10 percent owner 28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Timothy Glockner director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Daniel Patrick Gibson 10 percent owner 400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Michael Otworth director, officer: Chairman & CEO 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Allen Jacoby director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Michael E Dee officer: Chief Financial Officer 118 VINTAGE PARK BLVD, HOUSTON TX 77070

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