GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Eve Holding Inc (NYSE:EVEX) » Definitions » Operating Income

Eve Holding (Eve Holding) Operating Income : $-134.93 Mil (TTM As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Eve Holding Operating Income?

Eve Holding's Operating Income for the three months ended in Mar. 2024 was $-33.93 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-134.93 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Eve Holding's Operating Income for the three months ended in Mar. 2024 was $-33.93 Mil. Eve Holding's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Eve Holding's Operating Margin % for the quarter that ended in Mar. 2024 was %.

Eve Holding's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eve Holding's annualized ROC % for the quarter that ended in Mar. 2024 was -273.81%. Eve Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -7,499.54%.


Eve Holding Operating Income Historical Data

The historical data trend for Eve Holding'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.

Eve Holding Operating Income Chart

Eve Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
-7.54 -9.59 -15.79 -78.52 -128.69

Eve Holding Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -27.68 -28.45 -33.68 -38.87 -33.93

Eve Holding 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-134.93 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.


Eve Holding  (NYSE:EVEX) Operating Income Explanation

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

Eve Holding'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 )
=-135.728 * ( 1 - -2.53% )/( (49.215 + 52.435)/ 2 )
=-139.1619184/50.825
=-273.81 %

where

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))
=228.325 - 37.588 - ( 138.302 - max(0, 45.212 - 224.267+138.302))
=52.435

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

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

Eve Holding'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 )
=-97.044/( ( (1.055 + max(-51.101, 0)) + (1.533 + max(-43.61, 0)) )/ 2 )
=-97.044/( ( 1.055 + 1.533 )/ 2 )
=-97.044/1.294
=-7,499.54 %

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 + 0.88800000000001) - (38.024 + 0 + 13.965)
=-51.101

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1.602) - (37.588 + 0 + 7.624)
=-43.61

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. Operating Income is also linked to Operating Margin %:

Eve Holding's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-33.932/0
= %

* 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.

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.


Eve Holding Operating Income Related Terms

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


Eve Holding (Eve Holding) Business Description

Traded in Other Exchanges
N/A
Address
1400 General Aviation Drive, Melbourne, FL, USA, 32935
Eve Holding Inc is dedicated to accelerating the Urban Air Mobility ecosystem. Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, a comprehensive global services and support network, and a unique air traffic management solution, combining a start-up mindset with Embraer's aerospace expertise.
Executives
Johann Bordais officer: Chief Executive Officer C/O EVE MOBILITY, 4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807
Maria Cordon director C/O EVE HOLDING, INC., 1400 GENERAL AVIATION DRIVE, MELBOURNE FL 32395
Paul Eremenko director C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315
Entrecanales Domecq Jose Manuel director C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315
Luis Carlos Affonso director C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315
Embraer Aircraft Holding, Inc. director, 10 percent owner 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315
Michael Amalfitano director C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315
Marion C Blakey director C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Eduardo Siffert Couto officer: Chief Financial Officer C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315
Andre Duarte Stein officer: Co-Chief Executive Officer C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315
S.a. Embraer director, 10 percent owner AV. BRIGADEIRO FARIA LIMA 2170, SAO JOSE DOS CAMPOS D5 12227901
Sergio Pedreiro director 2 PARK AVENUE, NEW YORK NY 10016
Patrick M Shanahan director C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Triple8, Llc 10 percent owner ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636
Eldridge Industries, Llc 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830