Embark Technology (Embark Technology) EBIT : $-147.41 Mil (TTM As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Embark Technology EBIT?

Embark Technology's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-63.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-147.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Embark Technology's annualized ROC % for the quarter that ended in Mar. 2023 was -344.12%. Embark Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -851.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Embark Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 391.86%.

Embark Technology EBIT Historical Data

The historical data trend for Embark Technology'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.

Embark Technology EBIT Chart

Embark Technology Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-21.53

-116.05

-102.80

Embark Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial					-18.43	-14.01	-35.41	-34.95	-63.03

Competitive Comparison of Embark Technology's EBIT

For the Software - Application subindustry, Embark Technology'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.

Embark Technology's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Embark Technology's EV-to-EBIT distribution charts can be found below:

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

Embark Technology 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-147.41 Mil.

Embark Technology (NAS:EMBK) EBIT Explanation

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

Embark Technology's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-129.248 * ( 1 - 0% )	/	( (52.9	+	22.217)	/ 2 )
=	-129.248	/	37.5585
=	-344.12 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	214.73	-	4.921	-	( 157.622	-	max(0, 8.664	-	165.573	+	157.622	))
=	52.9

	Invested Capital		(Q: Mar. 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	))
=	153.435	-	8.811	-	( 126.202	-	max(0, 11.795	-	134.202	+	126.202	))
=	22.217

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

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

Embark Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-252.132	/	( ( (42.566 + max(2.536, 0))	+	(14.149 + max(-1.305, 0)) )	/	2 )
=	-252.132	/	( ( 45.102	+	14.149 )	/	2 )
=	-252.132	/	29.6255
=	-851.06 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	7.457)	-	(4.921	+	0	+	0)
=	2.536

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	7.506)	-	(8.811	+	0	+	0)
=	-1.305

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-147.41	/	-37.618
	=	391.86 %

Embark Technology EBIT Related Terms

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

Embark Technology (Embark Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Embark Technology Inc (NAS:EMBK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

321 Alabama Street, San Francisco, CA, USA, 94110

Website

https://www.embarktrucks.com

Embark Technology Inc is engaged in providing software and associated services that power self-driving trucks. It offers operational savings and collaborates with carriers, truck manufacturers, and tier 1 suppliers. The company's products include Embark Driver, Embark Universal Interface, and Embark Guardian.

Executives

Penny Herscher	director	1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Sc Us (ttgp), Ltd.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Ii, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Patrick W Grady	director, 10 percent owner	C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107
Sequoia Capital U.s. Growth Fund Vii, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Growth Vii Principals Fund, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sc U.s. Growth Vii Management, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Fund Xv, L.p.	10 percent owner	3000 SAND HILL ROAD, BUILDING 4, SUITE 250, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Xv Principals Fund, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Partners Fund Xv, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Partners Fund Xv (q), L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sc U.s. Venture Xv Management, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Manager, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ian Robertson	director	C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Siddhartha Venkatesan	officer: Chief Legal Officer	C/O EMBARK TRUCKS INC., 424 TOWNSEND STREET, SAN FRANCISCO CA 94107