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Evolv Technologies Holdings (Evolv Technologies Holdings) EBIT : $-105.55 Mil (TTM As of Dec. 2023)


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What is Evolv Technologies Holdings EBIT?

Evolv Technologies Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-16.84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-105.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evolv Technologies Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -50.99%. Evolv Technologies Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -64.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evolv Technologies Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -21.30%.


Evolv Technologies Holdings EBIT Historical Data

The historical data trend for Evolv Technologies Holdings'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.

Evolv Technologies Holdings EBIT Chart

Evolv Technologies Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-19.08 -26.96 -4.82 -85.69 -105.55

Evolv Technologies Holdings Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -28.08 -27.96 -66.75 6.00 -16.84

Competitive Comparison of Evolv Technologies Holdings's EBIT

For the Security & Protection Services subindustry, Evolv Technologies Holdings'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.


Evolv Technologies Holdings's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Evolv Technologies Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Evolv Technologies Holdings's EV-to-EBIT falls into.



Evolv Technologies Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-105.55 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.


Evolv Technologies Holdings  (NAS:EVLV) EBIT Explanation

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

Evolv Technologies Holdings'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 )
=-87.624 * ( 1 - 0% )/( (159.37 + 184.3)/ 2 )
=-87.624/171.835
=-50.99 %

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))
=306.465 - 26.051 - ( 139.104 - max(0, 80.747 - 201.791+139.104))
=159.37

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

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

Evolv Technologies Holdings'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 )
=-67.356/( ( (95.532 + max(-20.072, 0)) + (114.116 + max(-27.336, 0)) )/ 2 )
=-67.356/( ( 95.532 + 114.116 )/ 2 )
=-67.356/104.824
=-64.26 %

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)
=(29.786 + 7.826 + 21.408) - (26.051 + 53.041 + 0)
=-20.072

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.611 + 9.507 + 21.201) - (20.622 + 47.677 + 12.356)
=-27.336

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

Evolv Technologies Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-105.549/495.555
=-21.30 %

* 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.


Evolv Technologies Holdings EBIT Related Terms

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Evolv Technologies Holdings (Evolv Technologies Holdings) Business Description

Traded in Other Exchanges
N/A
Address
500 Totten Pond Road, 4th Floor, Waltham, MA, USA, 02451
Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.
Executives
Michael Ellenbogen director, officer: Founder & Head of Adv. Tech. C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Anil Chitkara officer: Founder & Head of Corp. Dev. C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Peter Gustav George director, officer: Chief Executive Officer C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Anthony John Derosa officer: Chief Revenue Officer C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Rajan Naik director 500 WEST MONROE STREET, CHICAGO IL 60661
David Mounts Gonzales director C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Jay Muelhoefer officer: Chief Commercial Officer C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Mark Donohue officer: Chief Financial Officer C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Kevin M. Charlton director 14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
John Kedzierski director C/O EVOLV TECHNOLOGY, 500 W MONROE STREET, STE 4400, CHICAGO IL 60661-3781
Mario Ramos officer: Chief Financial Officer C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Neil Glat director 950 MCCARTY STREET, BUILDING A, HOUSTON TX 77029
Finback Evolv Obh, Llc 10 percent owner 1200 ANASTASIA AVENUE, SUITE 500, CORAL GABLES FL 33134
Merline Saintil director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
David J Orfao director C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY RD., 4TH FLOOR, CAMBRIDGE MA 02138