LMP Automotive Holdings (LMP Automotive Holdings) EBIT : $4.3 Mil (TTM As of Sep. 2021)

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What is LMP Automotive Holdings EBIT?

LMP Automotive Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2021 was $7.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was $4.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LMP Automotive Holdings's annualized ROC % for the quarter that ended in Sep. 2021 was 12.50%. LMP Automotive Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 23.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LMP Automotive Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 227.13%.

LMP Automotive Holdings EBIT Historical Data

The historical data trend for LMP Automotive Holdings'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.

LMP Automotive Holdings EBIT Chart

LMP Automotive Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

EBIT

-1.41

-6.46

-4.00

-4.48

LMP Automotive Holdings Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
EBIT	Get a 7-Day Free Trial										-0.65	-2.44	-1.15	0.59	7.33

Competitive Comparison of LMP Automotive Holdings's EBIT

For the Auto & Truck Dealerships subindustry, LMP Automotive Holdings'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.

LMP Automotive Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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

LMP Automotive Holdings 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.3 Mil.

LMP Automotive Holdings (OTCPK:LMPX) EBIT Explanation

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

LMP Automotive Holdings's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

	ROC % (Q: Sep. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Sep. 2021 ))	/ count )
=	24.684 * ( 1 - 7.87% )	/	( (189.121	+	174.806)	/ 2 )
=	22.7413692	/	181.9635
=	12.50 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	222.813	-	14.797	-	( 18.895	-	max(0, 76.678	-	105.419	+	18.895	))
=	189.121

	Invested Capital		(Q: Sep. 2021 )
=	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	))
=	214.236	-	17.147	-	( 22.283	-	max(0, 66.139	-	98.314	+	22.283	))
=	174.806

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

LMP Automotive Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Sep. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	29.328	/	( ( (63.741 + max(68.437, 0))	+	(62.505 + max(56.462, 0)) )	/	2 )
=	29.328	/	( ( 132.178	+	118.967 )	/	2 )
=	29.328	/	125.5725
=	23.36 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.048	+	61.264	+	12.212)	-	(14.797	+	2.606	+	0.684)
=	68.437

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.091	+	45.24	+	18.7)	-	(17.147	+	1.805	+	0.61699999999999)
=	56.462

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

LMP Automotive Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2021 )
	=	4.336	/	1.909
	=	227.13 %

LMP Automotive Holdings EBIT Related Terms

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LMP Automotive Holdings (LMP Automotive Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LMP Automotive Holdings Inc (OTCPK:LMPX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394

Website

https://www.lmpmotors.com

LMP Automotive Holdings Inc is an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.

Executives

Samer Tawfik	director, 10 percent owner, officer: President and CEO	C/O HERRICK FEINSTEIN LLP 2 PARK AVE NEW YORK NY 10016
Svetlana Limburger	director	C/O LMP AUTOMOTIVE HOLDINGS, INC. 500 EAST BROWARD BLVD., SUITE 1900 FT. LAUDERDALE FL 33394
Richard Aldahan	officer: Chief Operating Officer	500 EAST BROWARD BLVD. SUITE 1900 FL 33394
William G Cohen	director	117 HARBOR ROAD WESTPORT CT 06880
Robert Bellaflores	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Evan Bernstein	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Keith Locker	director	C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SUITE 1100, SAN MATEO CA 94402
Morris Robert J. Jr.	director	4145 COLONEL VANDERHORST CIRCLE MT. PLEASANT SC 29466
Elias Nadim Nader	director	2295 LEIGH AVENUE SAN JOSE CA 95124
Bryan Silverstein	officer: Chief Financial Officer	601 NORTH STATE ROAD 7 PLANTATION FL 33317