Renovare Environmental (Renovare Environmental) EBIT : $-19.12 Mil (TTM As of Mar. 2022)

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What is Renovare Environmental EBIT?

Renovare Environmental's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $-2.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $-19.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Renovare Environmental's annualized ROC % for the quarter that ended in Mar. 2022 was -11.98%. Renovare Environmental's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -27.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Renovare Environmental EBIT Historical Data

The historical data trend for Renovare Environmental'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.

Renovare Environmental EBIT Chart

Renovare Environmental Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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-6.58

-12.16

-6.90

-11.66

-18.13

Renovare Environmental Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
EBIT	Get a 7-Day Free Trial															-1.31	-2.04	-0.73	-14.05	-2.30

Competitive Comparison of Renovare Environmental's EBIT

For the Pollution & Treatment Controls subindustry, Renovare Environmental'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.

Renovare Environmental's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Renovare Environmental 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.12 Mil.

Renovare Environmental (OTCPK:RENO) EBIT Explanation

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

Renovare Environmental's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	-9.092 * ( 1 - 0% )	/	( (76.361	+	75.467)	/ 2 )
=	-9.092	/	75.914
=	-11.98 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	42.336	-	7.793	-	( 0.18	-	max(0, 47.778	-	5.96	+	0.18	))
=	76.361

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	39.837	-	7.801	-	( 0.053	-	max(0, 47.437	-	4.006	+	0.053	))
=	75.467

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

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

Renovare Environmental's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.18	/	( ( (33.066 + max(-2.864, 0))	+	(32.543 + max(-4.345, 0)) )	/	2 )
=	-9.18	/	( ( 33.066	+	32.543 )	/	2 )
=	-9.18	/	32.8045
=	-27.98 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.248	+	0.648	+	3.884)	-	(7.793	+	0.851	+	0)
=	-2.864

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.904	+	0.331	+	2.718)	-	(7.801	+	0.498	+	-0.0010000000000048)
=	-4.345

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Renovare Environmental's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2022 )
	=	-19.12	/	0.000
	=	%

Renovare Environmental EBIT Related Terms

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Renovare Environmental (Renovare Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renovare Environmental Inc (OTCPK:RENO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Red Schoolhouse Road, Suite 101, Chestnut Ridge, NY, USA, 10977

Website

https://www.biohitech.com

Renovare Environmental Inc, formerly BioHiTech Global Inc is a technology services company focused on providing cost-effective solutions that improve environmental outcomes. Its technologies for waste management include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. When used individually or in combination, the solution lowers the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage.

Executives

Harriet Hentges	director	3222 SCOTT PLACE NW, WASHINGTON DC 20007
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Frank E. Celli Family Trust	10 percent owner	80 RED SCHOOLHOUSE ROAD, SUITE 101, CHESTNUT RIDGE NY 10977
Anthony Fuller	director	80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC., CHESTNUT RIDGE NY 10977
Walter Iii Littlejohn	director	80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC,., CHESTNUT RIDGE NY 10977
Nicholaus Rohleder	director	80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC., CHESTNUT RIDGE NY 10977
Brian C. Essman	officer: CHIEF FINANCIAL OFFICER	59 ST JOHNS RD., WILTON CT 06897
James D. Chambers	director	317 EATON LANDING DRIVE, ANNAPOLIS MD 21401
Robert A. Joyce	officer: Chief Operating Officer	1818 SIGNAL HILL DRIVE, MECHANICSBURG PA 17050
Van Oort Douglas M	director	12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913
Bob G Gower	10 percent owner	402 TIMBERWILDE LANE, HOUSTON TX 77024
Penn Venture Partners , L.p.	other: 5% Shareholder	132 STATE STREET, HARRISBURG PA 17101
Conundrum Capital Partners, Llc	10 percent owner	317 EATON LANDING DRIVE, ANNAPOLIS MD 21401
Robert A. Graham	director	112 CETON COURT, BROOMALL PA 19008
John P. Glauda	10 percent owner	8409 CAESARS HEAD DRIVE, WAXHAW NC 28173