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Joby Aviation (Joby Aviation) EBIT : $-518.28 Mil (TTM As of Mar. 2024)


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What is Joby Aviation EBIT?

Joby Aviation's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-145.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-518.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Joby Aviation's annualized ROC % for the quarter that ended in Mar. 2024 was -260.58%. Joby Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -442.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Joby Aviation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -20.04%.


Joby Aviation EBIT Historical Data

The historical data trend for Joby Aviation'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.

Joby Aviation EBIT Chart

Joby Aviation Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-113.88 -189.58 -392.20 -472.09

Joby Aviation Quarterly Data
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 -99.72 -115.97 -128.17 -128.24 -145.90

Competitive Comparison of Joby Aviation's EBIT

For the Airports & Air Services subindustry, Joby Aviation'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.


Joby Aviation's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Joby Aviation's EV-to-EBIT distribution charts can be found below:

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



Joby Aviation 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 $-518.28 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.


Joby Aviation  (NYSE:JOBY) EBIT Explanation

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

Joby Aviation'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 )
=-583.588 * ( 1 - -0.04% )/( (224.163 + 223.929)/ 2 )
=-583.8214352/224.046
=-260.58 %

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))
=1269.435 - 34.657 - ( 1032.25 - max(0, 45.136 - 1055.751+1032.25))
=224.163

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))
=1164.357 - 26.978 - ( 923.888 - max(0, 38.24 - 951.69+923.888))
=223.929

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

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

Joby Aviation'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 )
=-583.588/( ( (131.716 + max(-21.982, 0)) + (132.202 + max(-12.885, 0)) )/ 2 )
=-583.588/( ( 131.716 + 132.202 )/ 2 )
=-583.588/131.959
=-442.25 %

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)
=(0 + 0 + 18.842) - (34.657 + 6.167 + 7.105427357601E-15)
=-21.982

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 20.863) - (26.978 + 6.77 + 0)
=-12.885

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-518.275/2585.565
=-20.04 %

* 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.


Joby Aviation EBIT Related Terms

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Joby Aviation (Joby Aviation) Business Description

Traded in Other Exchanges
N/A
Address
2155 Delaware Avenue, Suite 225, Santa Cruz, CA, USA, 95060
Joby Aviation Inc is a transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service.
Executives
Gregory Bowles officer: Head of Government Affairs C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Didier Papadopoulos officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Eric Allison officer: Head of Product C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Bonny W Simi officer: See Remarks 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Matthew Field officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Kate Dehoff officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Joeben Bevirt director, officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Dipender Saluja director 1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Tetsuo Ogawa director C/O JOBY AVIATION, INC., 333 ENCINAL ST., SANTA CRUZ CA 95060
Michael P Huerta director 1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Justin Lang officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Paul Cahill Sciarra director PO BOX 427344, SAN FRANCISCO CA 94142
Sherry Coutu other: FORMER DIRECTOR C/O REINVENT ACQUISITION CORP., 215 PARK AVENUE, FLOOR 11, NEW YORK NY 10003
Joby Holdings, Inc. 10 percent owner C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
James Kuffner director C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #255, SANTA CRUZ CA 95060