Xos (XOS) EBIT : $-64.97 Mil (TTM As of Dec. 2023)

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What is Xos EBIT?

Xos's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-11.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-64.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xos's annualized ROC % for the quarter that ended in Dec. 2023 was -61.14%. Xos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -67.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xos's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -74.49%.

Xos EBIT Historical Data

The historical data trend for Xos'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.

Xos EBIT Chart

Xos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-11.87

-53.16

-111.35

-64.97

Xos Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial									-25.92	-20.03	-20.48	-12.63	-11.83

Competitive Comparison of Xos's EBIT

For the Farm & Heavy Construction Machinery subindustry, Xos'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.

Xos's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Xos's EV-to-EBIT distribution charts can be found below:

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

Xos 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 $-64.97 Mil.

Xos (NAS:XOS) EBIT Explanation

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

Xos'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 )
=	-47.312 * ( 1 - -0.1% )	/	( (83.062	+	71.853)	/ 2 )
=	-47.359312	/	77.4575
=	-61.14 %

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	))
=	114.185	-	8.553	-	( 22.57	-	max(0, 27.169	-	91.475	+	22.57	))
=	83.062

	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	))
=	93.684	-	10.191	-	( 11.64	-	max(0, 19.573	-	71.695	+	11.64	))
=	71.853

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

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

Xos'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 )
=	-47.312	/	( ( (20.931 + max(54.25, 0))	+	(19.651 + max(44.693, 0)) )	/	2 )
=	-47.312	/	( ( 75.181	+	64.344 )	/	2 )
=	-47.312	/	69.7625
=	-67.82 %

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)
=	(11.383	+	48.903	+	7.515)	-	(8.553	+	0.972	+	4.026)
=	54.25

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.142	+	37.843	+	6.259)	-	(10.191	+	0.69	+	3.67)
=	44.693

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-64.965	/	87.208
	=	-74.49 %

Xos EBIT Related Terms

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Xos (XOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xos Inc (NAS:XOS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065

Website

https://www.xostrucks.com

Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.

Executives

Jose Castaneda	officer: VP, Business Development	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Liana Pogosyan	officer: Acting Chief Financial Officer	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
George N Mattson	director	C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Robert Ferber	officer: Chief Technology Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Giordano Sordoni	director, officer: Chief Operating Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Dakota Semler	director, officer: Chief Executive Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Edward J Rapp	director	100 NE ADAMS STREET, PEORIA IL 61629
Stuart N. Bernstein	director	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Christen T Romero	officer: General Counsel	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Anousheh Ansari	director	10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG, FL FL 33716
Alice K Jackson	director	1800 LARIMER STREET, DENVER CO 80202
Burt Jordan	director	4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Kingsley Afemikhe	officer: Chief Financial Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Aljomaih Automotive Co.	10 percent owner	P.O. BOX 224, KING KHALID STREET, ALJOMAIH BUILDING, 1ST FLOOR, DAMMAM T0 31411
Emerald Green Trust	10 percent owner	3211 MULHOLLAND HIGHWAY, MALIBU CA 90265