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Fisker (Fisker) EBIT : $-919.9 Mil (TTM As of Dec. 2023)


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What is Fisker EBIT?

Fisker's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-637.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-919.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fisker's annualized ROC % for the quarter that ended in Dec. 2023 was -87.90%. Fisker's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -377.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fisker's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -84.53%.


Fisker EBIT Historical Data

The historical data trend for Fisker'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.

Fisker EBIT Chart

Fisker Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -10.70 -128.39 -464.78 -528.89 -919.90

Fisker Quarterly Data
Dec18 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 -165.32 -115.90 -77.72 -88.46 -637.83

Competitive Comparison of Fisker's EBIT

For the Auto Manufacturers subindustry, Fisker'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.


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

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

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



Fisker 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 $-919.9 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.


Fisker  (OTCPK:FSRN) EBIT Explanation

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

Fisker'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 )
=-1155.328 * ( 1 - 0.14% )/( (1030.386 + 1594.576)/ 2 )
=-1153.7105408/1312.481
=-87.90 %

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))
=2376.337 - 816.289 - ( 529.662 - max(0, 861.518 - 1447.66+529.662))
=1030.386

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))
=1831.687 - 215.586 - ( 325.452 - max(0, 902.629 - 924.154+325.452))
=1594.576

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

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

Fisker'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 )
=-2551.316/( ( (645.487 + max(23.758, 0)) + (682.858 + max(-61.229, 0)) )/ 2 )
=-2551.316/( ( 669.245 + 682.858 )/ 2 )
=-2551.316/676.0515
=-377.38 %

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 + 545.653 + 321.798) - (816.289 + 27.404 + 0)
=23.758

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.018 + 406.505 + 110.113) - (215.586 + 49.335 + 330.944)
=-61.229

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-919.903/1088.208
=-84.53 %

* 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.


Fisker EBIT Related Terms

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Fisker (Fisker) Business Description

Traded in Other Exchanges
Address
1888 Rosecrans Avenue, Manhattan Beach, CA, USA, 90266
Fisker Inc is revolutionizing the automotive industry by developing emotionally desirable and eco-friendly electric vehicles on Earth. The company is an e-mobility service provider with sustainable vehicles.
Executives
Florus Beuting officer: Chief Accounting Officer C/O PLBY GROUP, INC., 10960 WILSHIRE BLVD, SUITE 2200, LOS ANGELES CA 90024
Burkhard J. Huhnke officer: Chief Technology Officer C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Fifthdelta Ltd 10 percent owner 15 SACKVILLE STREET, 1ST FLOOR, LONDON X0 W1S 3DJ
Finnucan John C Iv officer: Chief Accounting Officer C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Henrik Fisker director, officer: President & CEO C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Wendy J. Greuel director C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Mitchell Zuklie director C/O FISKER INC., 1888 ROSECRANS AVENUE, MANHATTAN BEACH CA 90266
Mark E Hickson director 700 UNIVERSE BLVD, JUNO BEACH FL 33408
William R Mcdermott director 2225 LAWSON LANE, SANTA CLARA CA 95054
Geeta Gupta director, officer: Chief Financial Officer C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Spartan Energy Acquisition Sponsor Llc 10 percent owner 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Roderick K. Randall director C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Nadine I Watt director C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019

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