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Envirotech Vehicles (Envirotech Vehicles) EBIT : $-8.28 Mil (TTM As of Mar. 2024)


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What is Envirotech Vehicles EBIT?

Envirotech Vehicles's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-2.96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Envirotech Vehicles's annualized ROC % for the quarter that ended in Mar. 2024 was -57.00%. Envirotech Vehicles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -114.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Envirotech Vehicles's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -35.39%.


Envirotech Vehicles EBIT Historical Data

The historical data trend for Envirotech Vehicles'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.

Envirotech Vehicles EBIT Chart

Envirotech Vehicles Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-0.40 -7.04 -6.75 -7.62

Envirotech Vehicles Quarterly Data
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 -2.29 -1.27 -2.59 -1.46 -2.96

Competitive Comparison of Envirotech Vehicles's EBIT

For the Auto Manufacturers subindustry, Envirotech Vehicles'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.


Envirotech Vehicles's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Envirotech Vehicles's EV-to-EBIT distribution charts can be found below:

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



Envirotech Vehicles 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 $-8.28 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.


Envirotech Vehicles  (NAS:EVTV) EBIT Explanation

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

Envirotech Vehicles'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 )
=-11.824 * ( 1 - 0% )/( (20.983 + 20.507)/ 2 )
=-11.824/20.745
=-57.00 %

where

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

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

Envirotech Vehicles'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 )
=-11.824/( ( (0.86 + max(10.386, 0)) + (0.777 + max(8.543, 0)) )/ 2 )
=-11.824/( ( 11.246 + 9.32 )/ 2 )
=-11.824/10.283
=-114.99 %

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)
=(0.692 + 6.831 + 4.076) - (1.213 + 0 + 0)
=10.386

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.025 + 7.241 + 3.328) - (1.607 + 0 + 1.444)
=8.543

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:

Envirotech Vehicles's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-8.279/23.395
=-35.39 %

* 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.


Envirotech Vehicles EBIT Related Terms

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Envirotech Vehicles (Envirotech Vehicles) Business Description

Traded in Other Exchanges
N/A
Address
1425 Ohlendorf Road, Osceola, AR, USA, 72370
Envirotech Vehicles Inc is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. It recognizes revenue from the sales of zero-emission electric vehicles and vehicle maintenance and inspection services.
Executives
Douglas M Campoli officer: Chief Financial Officer C/O ENVIROTECH VEHICLES, INC., 1425 OHLENDORF ROAD, OSCEOLA AR 72370
Susan Marie Emry officer: EVP/CFO 1215 GRAPHITE DRIVE, CORONA CA 92881
Phillip Oldridge director, officer: CEO 7000 MERRILL AVENUE, SUITE 31, CHINO NV 91710
Di Pietro Michael A director 14245 PIPELINE AVE, CHINO CA 91710
Melissa Barcellos director 1215 GRAPHITE DRIVE, CORONA CA 92881
Gary W Nettles director 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
John Perkowski director TYG CENTER TOWER B, SUITE 2601, DONG SAN HUAN BEI LU BING 2, BEIJING F4 100027
Richard A. Eckert officer: Chief Operating Officer 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
Michael K. Menerey director, officer: Chief Financial Officer 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
James L. Reynolds director, 10 percent owner, officer: President and CEO 620 NEWPORT CENTER DRIVE SUITE 1100, NEWPORT BEACH CA 92660
Kevin G. Kanning officer: VP of IR & Business Dev. 620 NEWPORT CENTER DRIVE SUITE 1100, NEWPORT BEACH CA 92660
Janet L. Boydell director 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
John H. Roselli officer: VP of Sales and Marketing 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
Edward R. Monfort 10 percent owner, officer: Chief Technology Officer 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660