VEVMQ (Vicinity Motor) EBIT: $-11.84 Mil (TTM As of Mar. 2024)


VEVMQ Vicinity Motor Corp VEVMQ
12 GF Score
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What is Vicinity Motor EBIT?

Vicinity Motor VEVMQ -99.00% 12 EBIT is $-11.84 Mil as of Mar. 2024. GuruFocus rates VEVMQ with a GF Score™ of 12/100.

Vicinity Motor's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.99 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-11.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vicinity Motor's annualized ROC % for the quarter that ended in Mar. 2024 was -3.04%. Vicinity Motor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -18.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Vicinity Motor  (OTCPK:VEVMQ) EBIT Explanation

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

Vicinity Motor'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 )
=-2.068 * ( 1 - 0% )/( (66.895 + 68.947)/ 2 )
=-2.068/67.921
=-3.04 %

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))
=74.195 - 10.162 - ( 2.026 - max(0, 43.508 - 40.646+2.026))
=66.895

Invested Capital(Q: Mar. 2024 )
=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))
=77.831 - 13.917 - ( 4.321 - max(0, 49.642 - 44.609+4.321))
=68.947

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

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

Vicinity Motor'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 )
=-7.96/( ( (23.734 + max(19.223, 0)) + (23.535 + max(17.324, 0)) )/ 2 )
=-7.96/( ( 42.957 + 40.859 )/ 2 )
=-7.96/41.908
=-18.99 %

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)
=(2.627 + 23.273 + 9.748) - (10.162 + 4.429 + 1.834)
=19.223

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.091 + 28.234 + 4.53) - (13.917 + 4.371 + 2.243)
=17.324

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:

Vicinity Motor's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-11.835/0.000
= %

* 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.

Vicinity Motor EBIT Related Terms

Vicinity Motor EBIT Historical Data

* Premium members only.

The historical data trend for Vicinity Motor'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.

Vicinity Motor EBIT Chart

Vicinity Motor Annual Data
Trend Aug14 Aug15 Aug16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.23 -2.62 -6.14 -15.49 -11.60

Vicinity Motor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only -1.75 0.27 -2.87 -7.24 -1.99

VEVMQ vs TSLA, GM, F: EBIT Comparison

For the Auto Manufacturers subindustry, Vicinity Motor'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.

Vicinity Motor EV-to-EBIT vs Vehicles & Parts Industry

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

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


VEVMQ
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Vicinity Motor Corp VEVMQ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Vicinity Motor 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 $-11.84 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 $-11.84 Mil mean?
Vicinity Motor (VEVMQ) has a EBIT of $-11.84 Mil as of Mar. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vicinity Motor.
Is Vicinity Motor's EBIT too high?
Vicinity Motor's current EBIT is $-11.84 Mil. Overall, Vicinity Motor has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Vicinity Motor's EBIT compare to TSLA and GM?
Vicinity Motor's EBIT of $-11.84 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 Vicinity Motor. Vicinity Motor's current EBIT is $-11.84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Motor stock overvalued right now?
Vicinity Motor (VEVMQ) has a current EBIT of $-11.84 Mil. The current EBIT is $-11.84 Mil. Vicinity Motor's overall GF Score™ is 12/100. 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 Vicinity Motor (VEVMQ), the current EBIT is $-11.84 Mil as of Mar. 2024. 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.

Vicinity Motor Business Description

Address 3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6
Vicinity Motor Corp is a bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States.
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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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