Electric Last Mile Solutions (Electric Last Mile Solutions) EBIT : $ Mil (TTM As of Sep. 2021)

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What is Electric Last Mile Solutions EBIT?

Electric Last Mile Solutions's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2021 was $-17.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Electric Last Mile Solutions's annualized ROC % for the quarter that ended in Sep. 2021 was -34.46%. Electric Last Mile Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -30.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Electric Last Mile Solutions EBIT Historical Data

The historical data trend for Electric Last Mile Solutions'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.

Electric Last Mile Solutions EBIT Chart

Electric Last Mile Solutions Annual Data

Trend

EBIT

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
EBIT	-6.52	-17.12

Competitive Comparison of Electric Last Mile Solutions's EBIT

For the Auto Manufacturers subindustry, Electric Last Mile Solutions'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.

Electric Last Mile Solutions's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Electric Last Mile Solutions's EV-to-EBIT falls into.

Electric Last Mile Solutions 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $ Mil.

Electric Last Mile Solutions (OTCPK:ELMSQ) EBIT Explanation

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

Electric Last Mile Solutions's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

	ROC % (Q: Sep. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Sep. 2021 ))	/ count )
=	-89.356 * ( 1 - 0% )	/	( (265.426	+	253.146)	/ 2 )
=	-89.356	/	259.286
=	-34.46 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	420.832	-	9.817	-	( 171.529	-	max(0, 76.475	-	222.064	+	171.529	))
=	265.426

	Invested Capital		(Q: Sep. 2021 )
=	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	))
=	385.982	-	18.143	-	( 143.154	-	max(0, 72.429	-	187.122	+	143.154	))
=	253.146

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

Electric Last Mile Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Sep. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-68.492	/	( ( (191.966 + max(40.718, 0))	+	(192.736 + max(25.825, 0)) )	/	2 )
=	-68.492	/	( ( 232.684	+	218.561 )	/	2 )
=	-68.492	/	225.6225
=	-30.36 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.824	+	49.711)	-	(9.817	+	0	+	0)
=	40.718

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.136	+	7.579	+	36.253)	-	(18.143	+	0	+	0)
=	25.825

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

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

Electric Last Mile Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2021 )
	=		/	17.364
	=	%

Electric Last Mile Solutions EBIT Related Terms

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Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445