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ZAP (ZAAP) EBIT : $-11.65 Mil (TTM As of Dec. 2016)


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What is ZAP EBIT?

ZAP's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2016 was $-2.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $-11.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ZAP's annualized ROC % for the quarter that ended in Dec. 2016 was -13.44%. ZAP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was -48.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ZAP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was -896.31%.


ZAP EBIT Historical Data

The historical data trend for ZAP'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.

ZAP EBIT Chart

ZAP Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.46 -15.75 -16.34 -16.84 -11.65

ZAP Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 -4.40 -2.90 -2.82 -3.07 -2.86

Competitive Comparison of ZAP's EBIT

For the Recreational Vehicles subindustry, ZAP'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.


ZAP's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



ZAP 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 Dec. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.65 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.


ZAP  (GREY:ZAAP) EBIT Explanation

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

ZAP's annualized ROC % for the quarter that ended in Dec. 2016 is calculated as:

ROC % (Q: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2016 ) + Invested Capital (Q: Dec. 2016 ))/ count )
=-11.44 * ( 1 - 0% )/( (96.286 + 74)/ 2 )
=-11.44/85.143
=-13.44 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2016) data.

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

ZAP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2016  Q: Dec. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11.44/( ( (31.003 + max(-34.316, 0)) + (16.257 + max(-33.601, 0)) )/ 2 )
=-11.44/( ( 31.003 + 16.257 )/ 2 )
=-11.44/23.63
=-48.41 %

where Working Capital is:

Working Capital(Q: Sep. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.32 + 6.872 + 8.668) - (43.419 + 6.757 + 0)
=-34.316

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.162 + 5.887 + 8.878) - (41.915 + 6.613 + 0)
=-33.601

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=-11.652/1.300
=-896.31 %

* 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.


ZAP EBIT Related Terms

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ZAP (ZAAP) Business Description

Traded in Other Exchanges
N/A
Address
2 West 3rd Street, Santa Rosa, CA, USA, 95401
ZAP Inc designs, develops, manufactures and sells fully electric and advanced technology vehicles. Business activity of the group is operated through Jonway Auto and ZAP (Consumer Product) segments. The Jonway Auto segment represents sales of the gas-fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV SUVs and spare parts principally through distributors in China. The ZAP Consumer Product segment represents rechargeable portable energy products, Zapino scooter, and ZAPPY3 personal transporters. The firm derives most of the revenue from the Jonway Auto segment.

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