Shift Technologies (STU:4GI0) EBIT: €-121.5 Mil (TTM As of Jun. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:4GI0 Shift Technologies Inc STU:4GI0
10 GF Score
Price €1.92
View Full Analysis

What is Shift Technologies EBIT?

Shift Technologies STU:4GI0 10 EBIT is €-121.5 Mil as of Jun. 2023. GuruFocus rates STU:4GI0 with a GF Score™ of 10/100.

Shift Technologies's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was €-21.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-121.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shift Technologies's annualized ROC % for the quarter that ended in Jun. 2023 was -102.03%. Shift Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -249.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shift Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -75.12%.

Shift Technologies  (STU:4GI0) EBIT Explanation

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

Shift Technologies's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-79.228 * ( 1 - 0.57% )/( (89.216 + 65.207)/ 2 )
=-78.7764004/77.2115
=-102.03 %

where

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))
=158.309 - 30.959 - ( 54.904 - max(0, 77.784 - 115.918+54.904))
=89.216

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))
=101.612 - 18.755 - ( 21.465 - max(0, 54.284 - 71.934+21.465))
=65.207

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

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

Shift Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-84.172/( ( (28.478 + max(9.106, 0)) + (16.942 + max(12.884, 0)) )/ 2 )
=-84.172/( ( 37.584 + 29.826 )/ 2 )
=-84.172/33.705
=-249.73 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.103 + 31.774 + 25.137) - (30.959 + 0 + 20.949)
=9.106

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.639 + 22.158 + 24.672) - (18.755 + 0 + 18.83)
=12.884

When net working capital is negative, 0 is used.

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

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

Shift Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-121.483/161.724
=-75.12 %

* 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.

Shift Technologies EBIT Related Terms

Shift Technologies EBIT Historical Data

* Premium members only.

The historical data trend for Shift Technologies'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.

Shift Technologies EBIT Chart

Shift Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22
EBIT
-69.03 -42.33 -139.80 -151.76

Shift Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 -46.66 -73.73 15.10 -41.80 -21.04

STU:4GI0 vs PREC, EICCF, JZXN: EBIT Comparison

For the Auto & Truck Dealerships subindustry, Shift Technologies'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.

Shift Technologies EV-to-EBIT vs Vehicles & Parts Industry

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

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


STU:4GI0
10GF Score
Shift Technologies Inc STU:4GI0
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shift Technologies 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-121.5 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-121.5 Mil mean?
Shift Technologies (STU:4GI0) has a EBIT of €-121.5 Mil as of Jun. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shift Technologies.
Is Shift Technologies' EBIT too high?
Shift Technologies' current EBIT is €-121.5 Mil. Overall, Shift Technologies has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Shift Technologies' EBIT compare to PREC and EICCF?
Shift Technologies' EBIT of €-121.5 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shift Technologies. Shift Technologies's current EBIT is €-121.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shift Technologies stock overvalued right now?
Shift Technologies (STU:4GI0) has a current EBIT of €-121.5 Mil. The current EBIT is €-121.5 Mil. Shift Technologies' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Shift Technologies (STU:4GI0), the current EBIT is €-121.5 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shift Technologies Business Description

Address 290 Division Street, Suite 400, San Francisco, CA, USA, 94103-4893
Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The company makes car purchase and ownership simple - making buying or selling a used car fun, fair, and accessible to everyone. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive , a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail.
10GF Score

Get the complete analysis for STU:4GI0

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.92
Price