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Luminar Technologies (Luminar Technologies) EBIT : $-535.79 Mil (TTM As of Mar. 2024)


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What is Luminar Technologies EBIT?

Luminar Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-122.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-535.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Luminar Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was -255.97%. Luminar Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -449.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Luminar Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -46.88%.


Luminar Technologies EBIT Historical Data

The historical data trend for Luminar 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.

* Premium members only.

Luminar Technologies EBIT Chart

Luminar Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-92.48 -359.14 -237.22 -434.17 -558.53

Luminar Technologies Quarterly Data
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 -145.11 -140.47 -131.26 -141.68 -122.37

Competitive Comparison of Luminar Technologies's EBIT

For the Auto Parts subindustry, Luminar 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.


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

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

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



Luminar 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-535.79 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.


Luminar Technologies  (NAS:LAZR) EBIT Explanation

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

Luminar Technologies'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 )
=-503.076 * ( 1 - -0.47% )/( (200.992 + 193.934)/ 2 )
=-505.4404572/197.463
=-255.97 %

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))
=512.367 - 44.626 - ( 289.822 - max(0, 83.872 - 350.621+289.822))
=200.992

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))
=467.945 - 58.178 - ( 218.331 - max(0, 90.804 - 306.637+218.331))
=193.934

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

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

Luminar Technologies'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 )
=-489.48/( ( (109.006 + max(-30.397, 0)) + (108.758 + max(-10.911, 0)) )/ 2 )
=-489.48/( ( 109.006 + 108.758 )/ 2 )
=-489.48/108.882
=-449.55 %

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)
=(14.124 + 12.196 + 17.001) - (44.626 + 3.127 + 25.965)
=-30.397

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.034 + 16.417 + 23.133) - (58.178 + 2.341 + 18.976)
=-10.911

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-535.786/1142.774
=-46.88 %

* 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.


Luminar Technologies EBIT Related Terms

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Luminar Technologies (Luminar Technologies) Business Description

Traded in Other Exchanges
Address
2603 Discovery Drive, Suite 100, Orlando, FL, USA, 32826
Luminar Technologies Inc is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. It operates its business through the following segment: (1) Autonomy Solutions and (2) Components. The majority of revenue is earned from the Autonomy Solutions segment.
Executives
Thomas Fennimore officer: Chief Financial Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Alan Prescott officer: Chief Legal Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Austin Russell director, 10 percent owner, officer: Chairperson, President & CEO C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Jun Hong Heng director C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Mary Lou Jepsen director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Aeg Holdings, Llc director, 10 percent owner, officer: Chief Executive Officer 6260 LOOKOUT RD., BOULDER CO 80301
Daniel David Tempesta director ONE WAYSIDE ROAD, BURLINGTON MA 01803
Katherine A Martin director C/O NUANCE COMMUNICATIONS, INC., ONE WAYSIDE ROAD, BURLINGTON MA 01803
Matthew Simoncini director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48034
Shaun Maguire director C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
M. Scott Faris officer: Chief Business Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Benjamin John Kortlang director 2750 SAND HILL ROAD, MENLO PARK CA 94025
Jason Eichenholz officer: Chief Technology Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Scott A Mcgregor director 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Andrew Mcbride officer: CFO & Secretary 9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212

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