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Microvast Holdings (Microvast Holdings) EBIT : $-97.8 Mil (TTM As of Mar. 2024)


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What is Microvast Holdings EBIT?

Microvast Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-23.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-97.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Microvast Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -10.98%. Microvast Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -13.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Microvast Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -33.21%.


Microvast Holdings EBIT Historical Data

The historical data trend for Microvast 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.

Microvast Holdings EBIT Chart

Microvast Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-53.12 -27.89 -201.07 -154.84 -103.77

Microvast 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 -29.11 -25.59 -25.68 -23.39 -23.09

Competitive Comparison of Microvast Holdings's EBIT

For the Electrical Equipment & Parts subindustry, Microvast 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.


Microvast Holdings's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Microvast Holdings's EV-to-EBIT distribution charts can be found below:

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



Microvast 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 $-97.8 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.


Microvast Holdings  (NAS:MVST) EBIT Explanation

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

Microvast 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 )
=-92.472 * ( 1 - 0% )/( (843.442 + 840.754)/ 2 )
=-92.472/842.098
=-10.98 %

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))
=1096.732 - 231.094 - ( 50.175 - max(0, 403.41 - 425.606+50.175))
=843.442

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))
=1040.648 - 188.362 - ( 39.451 - max(0, 366.62 - 378.152+39.451))
=840.754

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

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

Microvast 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 )
=-92.372/( ( (640.174 + max(34.434, 0)) + (635.285 + max(66.834, 0)) )/ 2 )
=-92.372/( ( 674.608 + 702.119 )/ 2 )
=-92.372/688.3635
=-13.42 %

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)
=(138.717 + 149.749 + 48.199) - (231.094 + 43.087 + 28.05)
=34.434

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(123.543 + 137.33 + 65.666) - (188.362 + 41.276 + 30.067)
=66.834

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-97.755/294.354
=-33.21 %

* 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.


Microvast Holdings EBIT Related Terms

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Microvast Holdings (Microvast Holdings) Business Description

Traded in Other Exchanges
Address
12603 Southwest Freeway, Suite 300, Stafford, TX, USA, 77477
Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. The company is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry to battery packs.
Executives
Yanzhuan Zheng director, officer: CFO, Director 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Craig Webster director 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Zachariah Ward officer: President, Microvast Energy 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yeelong Balladon director C/O MICROVAST HOLDINGS, INC., 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Shane Smith officer: COO & President, Microvast US 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Stephen A Vogel director 701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Sarah Beth Alexander officer: General Counsel 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Michael Stanley Whittingham director 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yang Wu director, 10 percent owner, officer: CEO, COB, Director 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wong Arthur Lap Tat director C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Shengxian Wu officer: CEO, Microvast China 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Sascha Rene Kelterborn officer: CRO & Man. Dir. Microvast EMEA 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wenjuan Mattis officer: Chief Technology Officer (CTO) 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Lu Gao officer: Chief Accounting Officer (CAO) 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wei Ying director 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477

Microvast Holdings (Microvast Holdings) Headlines

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