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Energy Vault Holdings (Energy Vault Holdings) EBIT : $-88.7 Mil (TTM As of Mar. 2024)


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What is Energy Vault Holdings EBIT?

Energy Vault Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-21.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-88.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Energy Vault Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -95.27%. Energy Vault Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -207.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Energy Vault Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -286.43%.


Energy Vault Holdings EBIT Historical Data

The historical data trend for Energy Vault 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.

Energy Vault Holdings EBIT Chart

Energy Vault Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-8.95 -24.04 -31.33 -77.87 -98.76

Energy Vault Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -31.17 -26.16 -19.33 -22.11 -21.13

Competitive Comparison of Energy Vault Holdings's EBIT

For the Utilities - Renewable subindustry, Energy Vault 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.


Energy Vault Holdings's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energy Vault Holdings's EV-to-EBIT distribution charts can be found below:

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



Energy Vault 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-88.7 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.


Energy Vault Holdings  (NYSE:NRGV) EBIT Explanation

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

Energy Vault Holdings'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 )
=-98.508 * ( 1 - 0% )/( (124.623 + 82.175)/ 2 )
=-98.508/103.399
=-95.27 %

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))
=340.753 - 106.207 - ( 109.923 - max(0, 111.854 - 279.582+109.923))
=124.623

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))
=285.865 - 67.917 - ( 135.773 - max(0, 69.839 - 207.693+135.773))
=82.175

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

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

Energy Vault Holdings'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 )
=-84.524/( ( (32.743 + max(-27.703, 0)) + (48.876 + max(-50.161, 0)) )/ 2 )
=-84.524/( ( 32.743 + 48.876 )/ 2 )
=-84.524/40.8095
=-207.12 %

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)
=(29.814 + 0.415 + 53.198) - (106.207 + 4.923 + 0)
=-27.703

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.96 + 0.415 + 14.876) - (67.917 + 1.495 + -1.4210854715202E-14)
=-50.161

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-88.722/30.975
=-286.43 %

* 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.


Energy Vault Holdings EBIT Related Terms

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Energy Vault Holdings (Energy Vault Holdings) Business Description

Traded in Other Exchanges
Address
4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361
Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.
Executives
Akshay Ladwa officer: Chief Engineering Officer C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Marco Terruzzin officer: Chief Product Officer 4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Van Gaalen Jan Kees officer: Chief Financial Officer 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Christopher Wiese officer: Chief Operating Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Goncagul Icoren officer: Chief People Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Josh Mcmorrow officer: Chief Legal Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Laurence Alexander officer: Chief Marketing Officer C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU
Robert Piconi director, officer: Chief Executive Officer C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND
Andrea Pedretti officer: Chief Technology Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Theresa M Fariello director C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
William Gross director C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
David W Hitchcock officer: Interim CFO 67 WHIPPANY ROAD, WHIPPANY NJ 07981
Thomas R Ertel director C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Idealab Studio, Llc 10 percent owner 130 W. UNION STREET, PASADENA CA 91103
John G Jung officer: President of EVS 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361

Energy Vault Holdings (Energy Vault Holdings) Headlines

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