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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%.
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.
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 | -25.19 | -27.80 | 15.64 | -7.05 | -70.55 |
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.
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.
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 |
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 | )) |
= | 734.015 | - | 40.366 | - | ( 27.208 | - | max(0, 43.57 | - | 51.171 | + | 27.208 | )) |
= | 686.048 |
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.
Thank you for viewing the detailed overview of PureCycle Technologies's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
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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