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Taiga Motors (TSX:TAIG) EBIT : C$-66.39 Mil (TTM As of Mar. 2024)


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What is Taiga Motors EBIT?

Taiga Motors's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-12.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-66.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taiga Motors's annualized ROC % for the quarter that ended in Mar. 2024 was -76.92%. Taiga Motors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -107.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Taiga Motors's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -82.92%.


Taiga Motors EBIT Historical Data

The historical data trend for Taiga Motors'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.

Taiga Motors EBIT Chart

Taiga Motors Annual Data
Trend May17 May18 May19 May20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -1.70 -5.08 -100.03 -58.79 -68.23

Taiga Motors Quarterly Data
May18 May19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only -13.95 -15.71 -18.47 -20.10 -12.11

Competitive Comparison of Taiga Motors's EBIT

For the Recreational Vehicles subindustry, Taiga Motors'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.


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

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

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



Taiga Motors 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 C$-66.39 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.


Taiga Motors  (TSX:TAIG) EBIT Explanation

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

Taiga Motors'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 )
=-48.604 * ( 1 - 0% )/( (66.964 + 59.415)/ 2 )
=-48.604/63.1895
=-76.92 %

where

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

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

Taiga Motors'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 )
=-48.436/( ( (29.601 + max(17.03, 0)) + (28.808 + max(14.335, 0)) )/ 2 )
=-48.436/( ( 46.631 + 43.143 )/ 2 )
=-48.436/44.887
=-107.91 %

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)
=(1.207 + 33.242 + 2.457) - (14.962 + 2.718 + 2.196)
=17.03

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.131 + 32.399 + 1.81) - (16.256 + 1.535 + 2.214)
=14.335

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-66.391/80.063
=-82.92 %

* 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.


Taiga Motors EBIT Related Terms

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Taiga Motors (TSX:TAIG) Business Description

Traded in Other Exchanges
Address
2695 Dollard Avenue, LaSalle, Montreal, QC, CAN, H8N 2J8
Taiga Motors Corp is a Canadian company focused on the production and delivery of all-electric vehicles. its activities of research and development, design, and marketing. Its product lineup includes electric snowmobiles and personal watercraft. Its geographic regions are Canada and the United states of America, and the majority of its revenue comes from Canada.

Taiga Motors (TSX:TAIG) Headlines

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