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The Lion Electric Co (The Lion Electric Co) EBIT : $-85.3 Mil (TTM As of Mar. 2024)


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What is The Lion Electric Co EBIT?

The Lion Electric Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-10.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-85.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Lion Electric Co's annualized ROC % for the quarter that ended in Mar. 2024 was -14.36%. The Lion Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Lion Electric Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -14.39%.


The Lion Electric Co EBIT Historical Data

The historical data trend for The Lion Electric Co'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.

The Lion Electric Co EBIT Chart

The Lion Electric Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-1.71 -93.50 -36.78 18.42 -88.86

The Lion Electric Co Quarterly Data
Dec19 May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -14.50 -9.55 -12.12 -52.79 -10.82

Competitive Comparison of The Lion Electric Co's EBIT

For the Farm & Heavy Construction Machinery subindustry, The Lion Electric Co'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.


The Lion Electric Co's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Lion Electric Co's EV-to-EBIT distribution charts can be found below:

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



The Lion Electric Co 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-85.3 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.


The Lion Electric Co  (NYSE:LEV) EBIT Explanation

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

The Lion Electric Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-104.088 * ( 1 - 0% )/( (725.242 + 724.598)/ 2 )
=-104.088/724.92
=-14.36 %

where

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))
=841.121 - 85.986 - ( 29.893 - max(0, 145.733 - 356.695+29.893))
=725.242

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

The Lion Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-43.264/( ( (288.2 + max(181.09, 0)) + (279.653 + max(234.923, 0)) )/ 2 )
=-43.264/( ( 469.29 + 514.576 )/ 2 )
=-43.264/491.933
=-8.79 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.622 + 249.607 + 1.5529999999999) - (85.986 + 18.267 + 6.439)
=181.09

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(82.472 + 237.454 + 3.739) - (76.765 + 11.977 + -1.4210854715202E-14)
=234.923

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

The Lion Electric Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-85.279/592.619
=-14.39 %

* 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.


The Lion Electric Co EBIT Related Terms

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The Lion Electric Co (The Lion Electric Co) Business Description

Traded in Other Exchanges
Address
921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2
The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.