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Faraday Future Intelligent Electric (Faraday Future Intelligent Electric) EBIT : $-533.32 Mil (TTM As of Sep. 2023)


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What is Faraday Future Intelligent Electric EBIT?

Faraday Future Intelligent Electric's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-77.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-533.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Faraday Future Intelligent Electric's annualized ROC % for the quarter that ended in Sep. 2023 was -52.80%. Faraday Future Intelligent Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -69.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Faraday Future Intelligent Electric's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -410.26%.


Faraday Future Intelligent Electric EBIT Historical Data

The historical data trend for Faraday Future Intelligent Electric'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.

Faraday Future Intelligent Electric EBIT Chart

Faraday Future Intelligent Electric Annual Data
Trend Dec20 Dec21 Dec22
EBIT
-73.36 -469.42 -592.74

Faraday Future Intelligent Electric Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -118.63 -186.13 -144.68 -124.62 -77.89

Competitive Comparison of Faraday Future Intelligent Electric's EBIT

For the Auto Manufacturers subindustry, Faraday Future Intelligent Electric'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.


Faraday Future Intelligent Electric's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Faraday Future Intelligent Electric's EV-to-EBIT falls into.



Faraday Future Intelligent Electric 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-533.32 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.


Faraday Future Intelligent Electric  (NAS:FFIE) EBIT Explanation

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

Faraday Future Intelligent Electric's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-266.056 * ( 1 - 0% )/( (515.584 + 492.23)/ 2 )
=-266.056/503.907
=-52.80 %

where

Invested Capital(Q: Jun. 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))
=567.488 - 133.926 - ( 17.893 - max(0, 187.619 - 105.597+17.893))
=515.584

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

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

Faraday Future Intelligent Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-311.548/( ( (455.566 + max(-82.086, 0)) + (445.974 + max(-51.61, 0)) )/ 2 )
=-311.548/( ( 455.566 + 445.974 )/ 2 )
=-311.548/450.77
=-69.11 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 10.301 + 77.403) - (133.926 + 0 + 35.864)
=-82.086

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 35.215 + 85.372) - (151.149 + 0 + 21.048)
=-51.61

When net working capital is negative, 0 is used.

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

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

Faraday Future Intelligent Electric's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-533.322/129.997
=-410.26 %

* 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.


Faraday Future Intelligent Electric EBIT Related Terms

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Faraday Future Intelligent Electric (Faraday Future Intelligent Electric) Business Description

Traded in Other Exchanges
Address
18455 S. Figueroa Street, Gardena, CA, USA, 90248
Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.
Executives
Lev Peker director US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Jonathan Maroko officer: Interim CFO 18455 S. FIGUEROA STREET, GARDENA CA 90248
Li Han director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Ke Sun director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Jie Sheng director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Xuefeng Chen officer: Global Chief Exec. Officer C/O FARADAY FUTURE INTELLIGENT ELECTRIC, INC., 18455 S. FIGUEROA STREET, GARDENA CA 90248
Chad Chen director C/O FARADAY FUTURE INTELLIGENT ELECTRIC, 18455 S. FIGUEROA STREET, GARDENA CA 90248
Yun Han officer: CAO & Interim CFO 1449 HAMPTON ROAD, SAN MARINO CA 91108
Xin He director 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Rebecca A Roof officer: Interim Chief Financial Office C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Walter Mcbride officer: Chief Financial Officer FIRST CONSULTING GROUP, PO BOX 22676, LONG BEACH CA 90801-5676
Kruse Robert A Jr. officer: Senior VP, Product Execution 18455 S. FIGUEROA STREET, GARDENA CA 90248
Hong Rao officer: Vice President, I.A.I. 18455 S. FIGUEROA STREET, GARDENA CA 90248
Benedikt Hartmann officer: Senior VP of Supply Chain 18455 S. FIGUEROA STREET, GARDENA CA 90248
Chui Tin Mok officer: Exec. VP, Head of User Ecosys. 18455 S. FIGUEROA STREET, GARDENA CA 90248

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