Polestar Automotive Holding UK (Polestar Automotive Holding UK) EBIT : $-596 Mil (TTM As of Sep. 2023)

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What is Polestar Automotive Holding UK EBIT?

Polestar Automotive Holding UK's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-596 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Polestar Automotive Holding UK's annualized ROC % for the quarter that ended in Sep. 2023 was -20.88%. Polestar Automotive Holding UK's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -100.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Polestar Automotive Holding UK's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -16.24%.

Polestar Automotive Holding UK EBIT Historical Data

The historical data trend for Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK EBIT Chart

Polestar Automotive Holding UK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

EBIT

-177.02

-444.82

-961.88

-371.50

Polestar Automotive Holding UK Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial							365.33	-292.66	22.58	-237.01	-89.40

Competitive Comparison of Polestar Automotive Holding UK's EBIT

For the Auto Manufacturers subindustry, Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Polestar Automotive Holding UK's EV-to-EBIT falls into.

Polestar Automotive Holding UK 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 $-596 Mil.

Polestar Automotive Holding UK (NAS:PSNY) EBIT Explanation

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

Polestar Automotive Holding UK'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 )
=	-1044.82 * ( 1 - -1.69% )	/	( (4835.081	+	5341.94)	/ 2 )
=	-1062.477458	/	5088.5105
=	-20.88 %

where

	Invested Capital		(Q: Jun. 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	))
=	4255.245	-	1085.44	-	( 1057.412	-	max(0, 4072.222	-	2406.946	+	1057.412	))
=	4835.081

	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	))
=	4386.464	-	1066.265	-	( 951.088	-	max(0, 4501.037	-	2479.296	+	951.088	))
=	5341.94

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

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

Polestar Automotive Holding UK'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 )
=	-357.604	/	( ( (357.578 + max(-314.213, 0))	+	(353.601 + max(-161.158, 0)) )	/	2 )
=	-357.604	/	( ( 357.578	+	353.601 )	/	2 )
=	-357.604	/	355.5895
=	-100.57 %

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)
=	(286.186	+	867.499	+	173.95)	-	(1085.44	+	104.489	+	451.919)
=	-314.213

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(257.483	+	1005.607	+	181.785)	-	(1066.265	+	119.711	+	420.057)
=	-161.158

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:

Polestar Automotive Holding UK's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-596.496	/	3672.192
	=	-16.24 %

Polestar Automotive Holding UK EBIT Related Terms

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Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PSNYW:USA A4N1:Germany

Address

Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31

Website

https://www.polestar.com

Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.