Eco Wave Power Global AB (Eco Wave Power Global AB) EBIT : $-1.82 Mil (TTM As of Mar. 2024)

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What is Eco Wave Power Global AB EBIT?

Eco Wave Power Global AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eco Wave Power Global AB's annualized ROC % for the quarter that ended in Mar. 2024 was -110.29%. Eco Wave Power Global AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -289.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eco Wave Power Global AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -13.92%.

Eco Wave Power Global AB EBIT Historical Data

The historical data trend for Eco Wave Power Global AB'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.

Eco Wave Power Global AB EBIT Chart

Eco Wave Power Global AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.00

-1.92

-2.29

-2.85

-1.82

Eco Wave Power Global AB 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															-0.51	-0.32	-0.18	-0.81	-0.51

Competitive Comparison of Eco Wave Power Global AB's EBIT

For the Utilities - Renewable subindustry, Eco Wave Power Global AB'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.

Eco Wave Power Global AB's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Eco Wave Power Global AB's EV-to-EBIT falls into.

Eco Wave Power Global AB 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 $-1.82 Mil.

Eco Wave Power Global AB (NAS:WAVE) EBIT Explanation

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

Eco Wave Power Global AB'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 )
=	-2.584 * ( 1 - 0% )	/	( (2.376	+	2.31)	/ 2 )
=	-2.584	/	2.343
=	-110.29 %

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	))
=	10.009	-	1.007	-	( 8.383	-	max(0, 2.13	-	8.756	+	8.383	))
=	2.376

	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	))
=	9.297	-	1.071	-	( 7.739	-	max(0, 2.181	-	8.097	+	7.739	))
=	2.31

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

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

Eco Wave Power Global AB'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 )
=	-2.048	/	( ( (0.726 + max(-0.666, 0))	+	(0.687 + max(-0.83, 0)) )	/	2 )
=	-2.048	/	( ( 0.726	+	0.687 )	/	2 )
=	-2.048	/	0.7065
=	-289.88 %

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)
=	(0.202	+	0	+	0.139)	-	(1.007	+	0	+	0)
=	-0.666

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.02	+	0	+	0.221)	-	(1.071	+	0	+	0)
=	-0.83

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:

Eco Wave Power Global AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-1.822	/	13.090
	=	-13.92 %

Eco Wave Power Global AB EBIT Related Terms

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Eco Wave Power Global AB (Eco Wave Power Global AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Eco Wave Power Global AB (NAS:WAVE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

1KW0:Germany

Address

52 Derech Menachem Begin Street, Tel Aviv, ISR, 6713701

Website

https://www.ecowavepower.com

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographical presence in Israel, USA and Mexico.