Li Auto (Li Auto) EBIT : $1,471 Mil (TTM As of Dec. 2023)

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What is Li Auto EBIT?

Li Auto's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $587 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,471 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Li Auto's annualized ROC % for the quarter that ended in Dec. 2023 was 48.51%. Li Auto's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 87.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Li Auto's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.91%.

Li Auto EBIT Historical Data

The historical data trend for Li Auto'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.

Li Auto EBIT Chart

Li Auto Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-332.81

-18.65

-14.06

-294.48

1,475.87

Li Auto Quarterly Data
	Dec18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial														29.67	145.88	332.40	405.98	586.76

Competitive Comparison of Li Auto's EBIT

For the Auto Manufacturers subindustry, Li Auto'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.

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

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

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

Li Auto 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,471 Mil.

Li Auto (NAS:LI) EBIT Explanation

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

Li Auto'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 )
=	1701.032 * ( 1 - -37.75% )	/	( (4236.11	+	5425.371)	/ 2 )
=	2343.17158	/	4830.7405
=	48.51 %

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	))
=	16461.671	-	6746.362	-	( 11978.982	-	max(0, 7912.959	-	13392.158	+	11978.982	))
=	4236.11

	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	))
=	20092.921	-	8815.771	-	( 14462.1	-	max(0, 10187.769	-	16039.548	+	14462.1	))
=	5425.371

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Li Auto'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 )
=	2347.052	/	( ( (2478.74 + max(-5503.854, 0))	+	(2861.922 + max(-7472.841, 0)) )	/	2 )
=	2347.052	/	( ( 2478.74	+	2861.922 )	/	2 )
=	2347.052	/	2670.331
=	87.89 %

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)
=	(11.889	+	825.806	+	575.481)	-	(6746.362	+	170.668	+	0)
=	-5503.854

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20.101	+	962.435	+	594.912)	-	(8815.771	+	225.129	+	9.3889999999992)
=	-7472.841

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1471.011	/	12356.216
	=	11.91 %

Li Auto EBIT Related Terms

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Li Auto (Li Auto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Li Auto Inc (NAS:LI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LIA:Mexico 02015:Hong Kong L87:Germany L87A:Germany L87A:Germany

Address

11 Wenliang Street, Shunyi District, Beijing, CHN, 101399

Website

https://www.lixiang.com

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 133,000 NEVs in 2022, accounting for about 2% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.