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VTSCY (Vitesco Technologies Group AG) EBIT : $304 Mil (TTM As of Jun. 2024)


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What is Vitesco Technologies Group AG EBIT?

Vitesco Technologies Group AG's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $304 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vitesco Technologies Group AG's annualized ROC % for the quarter that ended in Jun. 2024 was -6.04%. Vitesco Technologies Group AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vitesco Technologies Group AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.56%.


Vitesco Technologies Group AG EBIT Historical Data

The historical data trend for Vitesco Technologies Group AG'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.

Vitesco Technologies Group AG EBIT Chart

Vitesco Technologies Group AG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -685.56 -386.38 69.72 161.34 221.70

Vitesco Technologies Group AG Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 24.92 79.30 134.02 32.83 57.91

Competitive Comparison of Vitesco Technologies Group AG's EBIT

For the Auto Parts subindustry, Vitesco Technologies Group AG'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.


Vitesco Technologies Group AG's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



Vitesco Technologies Group AG 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $304 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.


Vitesco Technologies Group AG  (OTCPK:VTSCY) EBIT Explanation

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

Vitesco Technologies Group AG's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-316.468 * ( 1 - -6.5% )/( (5547.174 + 5610.334)/ 2 )
=-337.03842/5578.754
=-6.04 %

where

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))
=8362.283 - 2086.739 - ( 1220.109 - max(0, 3484.891 - 4213.261+1220.109))
=5547.174

Invested Capital(Q: Jun. 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))
=8001.292 - 1733.046 - ( 890.743 - max(0, 3079.871 - 3737.783+890.743))
=5610.334

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

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

Vitesco Technologies Group AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=231.648/( ( (2456.087 + max(-338.37, 0)) + (2412.702 + max(39.289, 0)) )/ 2 )
=231.648/( ( 2456.087 + 2451.991 )/ 2 )
=231.648/2454.039
=9.44 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1657.609 + 950.652 + 380.217) - (2086.739 + 0 + 1240.109)
=-338.37

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1562.648 + 922.067 + 360.387) - (1733.046 + 0 + 1072.767)
=39.289

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=304.058/2088.613
=14.56 %

* 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.


Vitesco Technologies Group AG EBIT Related Terms

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Vitesco Technologies Group AG Business Description

Traded in Other Exchanges
N/A
Address
Siemensstrase 12, Regensburg, BY, DEU, 93055
Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

Vitesco Technologies Group AG Headlines