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Ideanomics's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-40.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-221.13 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ideanomics's annualized ROC % for the quarter that ended in Dec. 2023 was -44.47%. Ideanomics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -796.74%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ideanomics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -447.24%.
The historical data trend for Ideanomics'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.
Ideanomics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | -77.01 | -82.03 | -254.84 | -197.57 | -205.79 |
Ideanomics Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
EBIT | Get a 7-Day Free Trial | -113.46 | -84.74 | -33.86 | -61.74 | -40.80 |
For the Farm & Heavy Construction Machinery subindustry, Ideanomics'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.
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ideanomics's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Ideanomics's EV-to-EBIT falls into.
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 $-221.13 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.
Ideanomics (OTCPK:IDEXQ) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Ideanomics'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 ) |
= | -65.072 * ( 1 - 2.32% ) | / | ( (149.695 | + | 136.16) | / 2 ) |
= | -63.5623296 | / | 142.9275 | |||
= | -44.47 % |
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 | )) |
= | 151.284 | - | 64.768 | - | ( 1.884 | - | max(0, 109.339 | - | 46.16 | + | 1.884 | )) |
= | 149.695 |
Invested Capital | (Q: Dec. 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 | )) |
= | 116.884 | - | 65.758 | - | ( 1.249 | - | max(0, 117.633 | - | 32.599 | + | 1.249 | )) |
= | 136.16 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Ideanomics'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 ) |
= | -163.184 | / | ( ( (21.942 + max(-47.9, 0)) | + | (19.021 + max(-58.65, 0)) ) | / | 2 ) |
= | -163.184 | / | ( ( 21.942 | + | 19.021 ) | / | 2 ) |
= | -163.184 | / | 20.4815 | ||||
= | -796.74 % |
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) |
= | (3.066 | + | 16.781 | + | 22.372) | - | (64.768 | + | 2.9 | + | 22.451) |
= | -47.9 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1.037 | + | 19.838 | + | 10.399) | - | (65.758 | + | 2.537 | + | 21.629) |
= | -58.65 |
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:
Ideanomics's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | -221.133 | / | 49.444 | |
= | -447.24 % |
* 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.
Thank you for viewing the detailed overview of Ideanomics's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Alfred Poor | director, officer: Chief Executive Officer | 55 BROADWAY, 19TH FLOOR, NEW YORK NY 10006 |
Stephen Eric Johnston | officer: Chief Financial Officer | 4950 SUSANS WAY, BLOOMFIELD HILLS MI 48302 |
Shane Mcmahon | director, 10 percent owner, officer: Chief Executive Officer | 1241 EST MAIN STREET, STAMFORD CT 06902 |
John Wallace | director | 55 BROADWAY, 19TH FLOOR, NEW YORK NY 10006 |
Bruno Zheng Wu | director, 10 percent owner, officer: Chief Executive Officer | EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 102423 |
Sean Wang | director | C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116 |
Xiuping Wang | officer: Chief Financial Officer | C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116 |
Randy Huang | officer: Chief Technical Officer | C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116 |
Yi Xu | officer: Chief Operating Officer | C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116 |
Bing Yang | director, officer: CEO and Director | 375 GREENWICH ST., SUITE 516, NEW YORK NY 10013 |
Mingcheng Tao | director, officer: Chief Executive Officer | 3340 PEACHTREE ROAD NE, SUITE 900, ATLANTA GA 30326 |
Polly Wang | director | EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 102423 |
Jian Ren Fan | director | 305-36 ROOM, 3RD FLOOR, D BUILDING, TIANJIN ECONOMIC-TECHNOLOGICAL DVLP AREA, TIANJIN CITY F4 300280 |
Sun Seven Stars Hong Kong Cultural Development Ltd | 10 percent owner | EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 F4 102423 |
Shanghai Sun Seven Stars Cultural Development Ltd | 10 percent owner | EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 F4 102423 |
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