Greenwave Technology Solutions (Greenwave Technology Solutions) Operating Income : $-9.29 Mil (TTM As of Dec. 2023)

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What is Greenwave Technology Solutions Operating Income?

Greenwave Technology Solutions's Operating Income for the three months ended in Dec. 2023 was $-1.81 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-9.29 Mil.

Warning Sign:

Greenwave Technology Solutions Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Greenwave Technology Solutions's Operating Income for the three months ended in Dec. 2023 was $-1.81 Mil. Greenwave Technology Solutions's Revenue for the three months ended in Dec. 2023 was $9.03 Mil. Therefore, Greenwave Technology Solutions's Operating Margin % for the quarter that ended in Dec. 2023 was -20.01%.

Good Sign:

Greenwave Technology Solutions Inc operating margin is expanding. Margin expansion is usually a good sign.

Greenwave Technology Solutions's 5-Year average Growth Rate for Operating Margin % was 84.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greenwave Technology Solutions's annualized ROC % for the quarter that ended in Dec. 2023 was -13.36%. Greenwave Technology Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.68%.

Greenwave Technology Solutions Operating Income Historical Data

The historical data trend for Greenwave Technology Solutions's Operating Income 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.

Greenwave Technology Solutions Operating Income Chart

Greenwave Technology Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-3.25

-1.16

-2.93

-8.38

-9.30

Greenwave Technology Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															-3.93	-1.94	-2.09	-3.46	-1.81

Greenwave Technology Solutions Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.29 Mil.

Greenwave Technology Solutions (NAS:GWAV) Operating Income Explanation

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

Greenwave Technology Solutions's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-7.224 * ( 1 - 0% )	/	( (53.388	+	54.73)	/ 2 )
=	-7.224	/	54.059
=	-13.36 %

where

	Invested Capital		(Q: Sep. 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	))
=	48.064	-	10.883	-	( 1.449	-	max(0, 18.781	-	2.574	+	1.449	))
=	53.388

	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	))
=	46.412	-	12.261	-	( 1.546	-	max(0, 23.269	-	2.69	+	1.546	))
=	54.73

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Greenwave Technology Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.944	/	( ( (24.826 + max(-9.782, 0))	+	(23.798 + max(-11.116, 0)) )	/	2 )
=	-7.944	/	( ( 24.826	+	23.798 )	/	2 )
=	-7.944	/	24.312
=	-32.68 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.493	+	0.147	+	0.485)	-	(10.883	+	0.025	+	-0.00099999999999767)
=	-9.782

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.646	+	0.2	+	0.298)	-	(12.261	+	0	+	-0.0010000000000012)
=	-11.116

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Greenwave Technology Solutions's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-1.806	/	9.026
	=	-20.01 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Greenwave Technology Solutions Operating Income Related Terms

Thank you for viewing the detailed overview of Greenwave Technology Solutions's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Greenwave Technology Solutions (Greenwave Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Greenwave Technology Solutions Inc (NAS:GWAV) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

4016 Raintree Road, Suite 300, Chesapeake, VA, USA, 23321

Website

https://www.greenwavetechnologysolutions.com

Greenwave Technology Solutions Inc, through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.

Executives

Jason T Adelman	director	900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Henry Iii Sicignano	director	8201 MAIN STREET, SUITE 6, WILLIAMSVILLE NY 14221
Danny Meeks	director, other: Chairman of the BOD	1560 BROADWAY, SUITE 17-105, DENVER CO 80202
Ashley Elizabeth Sickles	officer: Chief Financial Officer	531 FOXGATE QUARTER, CHESAPEAKE VA 23322
John Bryan Plumlee	director	277 SUBURBAN DRIVE, SUFFOLK VA 23434
Howard Jordan	officer: Chief Financial Officer	277 SUBURBAN DRIVE, SUFFOLK VA 23434
Cheryl Elizabeth Lanthorn	director	277 SUBURBAN DRIVE, SUFFOLK VA 23434
John D. Wood	director	520 BUSHNELL DRIVE, VIRGINIA BEACH VA 23451
Isaac Dietrich	director, officer: Chief Executive Officer	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Charles Blum	director	1505 UPLAND HILLS DRIVE NORTH, UPLAND CA 91784
Jesus Quintero	officer: Chief Financial Officer	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Graham Farrar	director	2420 17TH STREET, OFFICE 3118, DENVER CO 80202
Cecil Bond Kyte	director	5125 LANKERSHIM BOULEVARD, NORTH HOLLYWOOD CA 91601
Scott C Kveton	officer: Chief Executive Officer	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Osborn Steven Lee Ii	officer: Chief Technology Officer	761 SE 65TH PL, HILLSBORO OR 97123