Aeva Technologies (Aeva Technologies) EBIT : $-147.87 Mil (TTM As of Mar. 2024)

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What is Aeva Technologies EBIT?

Aeva Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-37.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-147.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aeva Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was -381.54%. Aeva Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -778.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aeva Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4,679.30%.

Aeva Technologies EBIT Historical Data

The historical data trend for Aeva 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.

Aeva Technologies EBIT Chart

Aeva Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-20.09

-25.74

-104.19

-151.96

-147.79

Aeva 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													-37.27	-38.18	-35.50	-36.85	-37.34

Competitive Comparison of Aeva Technologies's EBIT

For the Software - Infrastructure subindustry, Aeva 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.

Aeva Technologies's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Aeva Technologies's EV-to-EBIT distribution charts can be found below:

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

Aeva 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 $-147.87 Mil.

Aeva Technologies (NYSE:AEVA) EBIT Explanation

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

Aeva 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 )
=	-149.376 * ( 1 - 0% )	/	( (40.314	+	37.988)	/ 2 )
=	-149.376	/	39.151
=	-381.54 %

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	))
=	257.385	-	6.25	-	( 221.028	-	max(0, 18.404	-	229.225	+	221.028	))
=	40.314

	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	))
=	224.809	-	6.063	-	( 189.328	-	max(0, 16.593	-	197.351	+	189.328	))
=	37.988

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

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

Aeva 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 )
=	-149.376	/	( ( (19.403 + max(-6.76, 0))	+	(18.995 + max(-5, 0)) )	/	2 )
=	-149.376	/	( ( 19.403	+	18.995 )	/	2 )
=	-149.376	/	19.199
=	-778.04 %

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)
=	(0.628	+	2.374	+	5.055)	-	(6.25	+	0	+	8.567)
=	-6.76

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.978	+	2.163	+	4.771)	-	(6.063	+	0	+	6.849)
=	-5

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-147.866	/	-3.160
	=	4,679.30 %

Aeva Technologies EBIT Related Terms

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Aeva Technologies (Aeva Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aeva Technologies Inc (NYSE:AEVA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Ellis Street, Mountain View, CA, USA, 94043

Website

https://www.aeva.ai

Aeva Technologies Inc through its Frequency Modulated Continuous Wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation, and security application.

Executives

Stephen Paul Zadesky	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Sylebra Capital Ltd	director, 10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Soroush Salehian Dardashti	director, 10 percent owner, officer: Chief Executive Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Erin L Polek	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Eberle Christopher G Jr	director	14 E. 4TH ST SUITE 405, NEW YORK NY 10012
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Saurabh Sinha	officer: Chief Financial Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Peter Hebert	10 percent owner	C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017
Shahin Farshchi	director	11740 WILSHIRE BLVD, #A1309, LOS ANGELES CA 90025
Hrach Simonian	director	285 RIVERSIDE AVE., SUITE 250, WESTPORT CT 06880
Mina Rezk	director, 10 percent owner, officer: President & CTO	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Opportunities, L.p.	10 percent owner	C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Partners, Llc	10 percent owner	C/O LUX CAPITAL, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Venture Partners Iv, Llc	10 percent owner	920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010