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Xos (XOS) EBIT : $-43.13 Mil (TTM As of Sep. 2024)


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What is Xos EBIT?

Xos's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-9.69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-43.13 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xos's annualized ROC % for the quarter that ended in Sep. 2024 was -41.97%. Xos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -47.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xos's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -65.04%.


Xos EBIT Historical Data

The historical data trend for Xos'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.

Xos EBIT Chart

Xos Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-11.87 -53.16 -111.35 -64.97

Xos Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -12.63 -11.83 -10.24 -11.37 -9.69

Competitive Comparison of Xos's EBIT

For the Farm & Heavy Construction Machinery subindustry, Xos'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.


Xos's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

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

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



Xos 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43.13 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.


Xos  (NAS:XOS) EBIT Explanation

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

Xos's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-38.764 * ( 1 - -0.04% )/( (92.837 + 91.951)/ 2 )
=-38.7795056/92.394
=-41.97 %

where

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

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

Xos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-38.764/( ( (17.165 + max(66.691, 0)) + (16.242 + max(63.7, 0)) )/ 2 )
=-38.764/( ( 83.856 + 79.942 )/ 2 )
=-38.764/81.899
=-47.33 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.744 + 41.356 + 9.05) - (10.938 + 1.378 + 1.143)
=66.691

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.441 + 42.398 + 8.1) - (20.13 + 1.941 + 1.168)
=63.7

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-43.13/66.309
=-65.04 %

* 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.


Xos EBIT Related Terms

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Xos Business Description

Traded in Other Exchanges
Address
3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065
Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.
Executives
Christen T Romero officer: General Counsel 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Liana Pogosyan officer: Acting Chief Financial Officer C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Jose Castaneda officer: VP, Business Development 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
George N Mattson director C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Robert Ferber officer: Chief Technology Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Giordano Sordoni director, officer: Chief Operating Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Dakota Semler director, officer: Chief Executive Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Edward J Rapp director 100 NE ADAMS STREET, PEORIA IL 61629
Stuart N. Bernstein director C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Anousheh Ansari director 10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG, FL FL 33716
Alice K Jackson director 1800 LARIMER STREET, DENVER CO 80202
Burt Jordan director 4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Kingsley Afemikhe officer: Chief Financial Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Aljomaih Automotive Co. 10 percent owner P.O. BOX 224, KING KHALID STREET, ALJOMAIH BUILDING, 1ST FLOOR, DAMMAM T0 31411
Emerald Green Trust 10 percent owner 3211 MULHOLLAND HIGHWAY, MALIBU CA 90265