GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Arcimoto Inc (OTCPK:FUVV) » Definitions » EBIT

Arcimoto (Arcimoto) EBIT : $-47.84 Mil (TTM As of Sep. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Arcimoto EBIT?

Arcimoto's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-13.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-47.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arcimoto's annualized ROC % for the quarter that ended in Sep. 2023 was -51.89%. Arcimoto's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -186.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arcimoto's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -218.44%.


Arcimoto EBIT Historical Data

The historical data trend for Arcimoto'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.

Arcimoto EBIT Chart

Arcimoto Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only -10.95 -14.45 -17.40 -50.28 -61.79

Arcimoto Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.88 -14.73 -6.79 -12.99 -13.33

Competitive Comparison of Arcimoto's EBIT

For the Recreational Vehicles subindustry, Arcimoto'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.


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

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

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



Arcimoto 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 $-47.84 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.


Arcimoto  (OTCPK:FUVV) EBIT Explanation

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

Arcimoto'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 )
=-29.728 * ( 1 - 0% )/( (56.432 + 58.158)/ 2 )
=-29.728/57.295
=-51.89 %

where

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

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

Arcimoto'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 )
=-53.308/( ( (29.157 + max(-2.384, 0)) + (27.937 + max(-7.587, 0)) )/ 2 )
=-53.308/( ( 29.157 + 27.937 )/ 2 )
=-53.308/28.547
=-186.74 %

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)
=(0.098 + 11.057 + 2.717) - (6.897 + 0.89 + 8.469)
=-2.384

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.347 + 10.887 + 2.135) - (7.802 + 1.028 + 12.126)
=-7.587

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-47.84/21.901
=-218.44 %

* 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.


Arcimoto EBIT Related Terms

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


Arcimoto (Arcimoto) Business Description

Traded in Other Exchanges
Address
2034 West 2nd Avenue, Eugene, OR, USA, 97402
Arcimoto Inc is an electric vehicle company that designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience for two passengers with cargo, parking, and operation. The company's products also comprise Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine.
Executives
Dan M. Creed director 2034 WEST 2ND AVENUE, EUGENE OR 97402
Christopher W. Dawson director 2034 WEST 2ND AVENUE, EUGENE OR 97402
Galileo Russell director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Grant Eisler director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Fittipaldi officer: Executive Vice President C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Dorbin John W. Jr. officer: General Counsel & Corp. Sec. C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Terry L Becker director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Nancy E. Calderon director 1285 WAKEFIELD TRAIL, RENO NV 89523
Mark Frohnmayer director, 10 percent owner, officer: President & CEO C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Joshua S Scherer director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Douglas M Campoli officer: Chief Financial Officer C/O ENVIROTECH VEHICLES, INC., 1425 OHLENDORF ROAD, OSCEOLA AR 72370
Jeff Curl director C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Thomas Thurston director 909 MONTGOMERY STREET, 3RD FLOOR, SAN FRANCISCO CA 94133