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Archer Aviation's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-107.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-444.80 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Archer Aviation's annualized ROC % for the quarter that ended in Dec. 2023 was -563.90%. Archer Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -681.81%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Archer Aviation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -60.47%.
The historical data trend for Archer Aviation'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.
Archer Aviation Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
EBIT | -24.60 | -241.00 | -336.60 | -444.80 |
Archer Aviation Quarterly Data | ||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
EBIT | Get a 7-Day Free Trial | -103.30 | -109.90 | -181.40 | -46.20 | -107.30 |
For the Aerospace & Defense subindustry, Archer Aviation'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.
For the Aerospace & Defense industry and Industrials sector, Archer Aviation's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Archer Aviation's EV-to-EBIT falls into.
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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-444.80 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.
Archer Aviation (NYSE:ACHR) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Archer Aviation's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:
ROC % (Q: Dec. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2023 ) | + | Invested Capital (Q: Dec. 2023 )) | / count ) |
= | -429.2 * ( 1 - -0.18% ) | / | ( (71.9 | + | 80.6) | / 2 ) |
= | -429.97256 | / | 76.25 | |||
= | -563.90 % |
where
Invested Capital | (Q: Sep. 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 | )) |
= | 539.6 | - | 109 | - | ( 461.4 | - | max(0, 117 | - | 475.7 | + | 461.4 | )) |
= | 71.9 |
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 | )) |
= | 554.3 | - | 107.5 | - | ( 464.6 | - | max(0, 114 | - | 480.2 | + | 464.6 | )) |
= | 80.6 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Archer Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2023 | Q: Dec. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -429.2 | / | ( ( (59.4 + max(-97.5, 0)) | + | (66.5 + max(-95.6, 0)) ) | / | 2 ) |
= | -429.2 | / | ( ( 59.4 | + | 66.5 ) | / | 2 ) |
= | -429.2 | / | 62.95 | ||||
= | -681.81 % |
where Working Capital is:
Working Capital | (Q: Sep. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 14.3) | - | (109 | + | 0 | + | 2.8) |
= | -97.5 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 15.6) | - | (107.5 | + | 0 | + | 3.7) |
= | -95.6 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Archer Aviation's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | -444.8 | / | 735.554 | |
= | -60.47 % |
* 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.
Thank you for viewing the detailed overview of Archer Aviation's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Tosha Perkins | officer: Chief People Officer | 757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079 |
Andy Missan | officer: Chief Legal Officer | C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105 |
N.v. Stellantis | 10 percent owner | TAURUSAVENUE 1, HOOFDDORP P7 2132LS |
Thomas Paul Muniz | officer: Chief Operating Officer | C/O ARCHE AVIATION INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Fca Foreign Sales Holdco Ltd. | 10 percent owner | PINLEY HOUSE, 2 SUNBEAM WAY, CONVENTRY, WEST MIDLANDS X0 CV3 1ND |
Sfs Uk 1 Ltd. | 10 percent owner | PINLEY HOUSE, 2 SUNBEAM WAY, COVENTRY, WEST MIDLANDS X0 CV3 1ND |
Fca Italy S.p.a. | 10 percent owner | CORSO GIOVANNI AGNELLI 200, TURIN L6 10135 |
Fca Us Llc | 10 percent owner | 1000 CHRYSLER DRIVE, AUBURN HILLS MI 48326 |
Fca North America Holdings Llc | 10 percent owner | 1000 CHRYSLER DRIVE, AUBURN HILLS MI 48326 |
Brett Adcock | 10 percent owner | C/O ARCHER AVIATION INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Deborah Diaz | director | 6830 OLD DOMINION DRIVE, MCLEAN VA 22101 |
Mark Mesler | officer: Chief Financial Officer | C/O ARCHER AVIATION INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Michael Spellacy | director | 399 PARK AVENUE, NEW YORK NY 10022 |
Fred M Diaz | director | 9614 AMALFI CT, BRENTWOOD TN 37027 |
Adam D Goldstein | director, officer: Co-Chief Executive Officer | C/O ARCHER AVIATION INC., 190 TASMAN DRIVE, SAN JOSE CA 95134 |
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