GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plug Power Inc (NAS:PLUG) » Definitions » EBIT

Plug Power (Plug Power) EBIT : $-1,331.0 Mil (TTM As of Dec. 2023)


View and export this data going back to 1999. Start your Free Trial

What is Plug Power EBIT?

Plug Power's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-631.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,331.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Plug Power's annualized ROC % for the quarter that ended in Dec. 2023 was -34.45%. Plug Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -94.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Plug Power's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -53.61%.


Plug Power EBIT Historical Data

The historical data trend for Plug Power'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.

Plug Power EBIT Chart

Plug Power Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -48.05 -566.49 -432.94 -684.13 -1,331.00

Plug Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -213.99 -197.18 -226.05 -276.41 -631.36

Competitive Comparison of Plug Power's EBIT

For the Electrical Equipment & Parts subindustry, Plug Power'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.


Plug Power's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Plug Power's EV-to-EBIT distribution charts can be found below:

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



Plug Power 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 $-1,331.0 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.


Plug Power  (NAS:PLUG) EBIT Explanation

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

Plug Power'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 )
=-1457.772 * ( 1 - 0.07% )/( (4289.974 + 4166.923)/ 2 )
=-1456.7515596/4228.4485
=-34.45 %

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))
=5452.121 - 594.747 - ( 567.4 - max(0, 930.585 - 2239.904+567.4))
=4289.974

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))
=4902.738 - 600.782 - ( 135.033 - max(0, 964.8 - 1786.965+135.033))
=4166.923

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

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

Plug Power'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 )
=-2525.436/( ( (1820.614 + max(788.758, 0)) + (2004.688 + max(720.763, 0)) )/ 2 )
=-2525.436/( ( 2609.372 + 2725.451 )/ 2 )
=-2525.436/2667.4115
=-94.68 %

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)
=(163.187 + 1024.209 + 372.723) - (594.747 + 176.614 + 0)
=788.758

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(243.811 + 961.253 + 320.62) - (600.782 + 204.139 + -1.1368683772162E-13)
=720.763

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-1330.996/2482.872
=-53.61 %

* 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.


Plug Power EBIT Related Terms

Thank you for viewing the detailed overview of Plug Power's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Plug Power (Plug Power) Business Description

Address
968 Albany Shaker Road, Latham, NY, USA, 12110
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.
Executives
Jose Luis Crespo officer: GM, MATL Handling, Key Accts C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Mark J Bonney director 2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204
Patrick Joggerst director C/O BROADSOFT, INC., 9737 WASHINGTONIAN BOULEVARD, SUITE 350, GAITHERSBURG MD 20878
David Mindnich officer: EVP, Global Manufacturing C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Keith Schmidt officer: GM New Mkts & Pres New Prd Dv C/O CHELSEA THERAPEUTICS, INC., 13950 BALLANTYNE CORPORATE PL, UNIT 325, CHARLOTTE NC 28277
Jean A Bua director
Kavita Mahtani director C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Dirk Ole Hoefelmann officer: GM, Electrolyzer Solutions C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Sanjay K Shrestha officer: Chief Strategy Officer 968 ALBANY SHAKER RD, LATHAM NY 12110
Kyungyeol Song director C/O GROVE ENERGY CAPITAL LLC, 55 EAST 59TH ST. 11TH FL., NEW YORK NY 10022
Kim Harriman director C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Andrew Marsh director, officer: President & CEO 968 ALBANY SHAKER ROAD, LATHAM NY 12110
George C Mcnamee director, officer: Chairman of the Board FIRST ALBANY COMPANIES INC., 677 BROADWAY, ALBANY NY 12207-2990
Jonathan M Silver director 3027 N STREET NW, WASHINGTON DC 20007
Conway Gerard L Jr officer: General Counsel 968 ALBANY-SHAKER ROAD, LATHAM NY 12110