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Serve Robotics (Serve Robotics) EBIT : $-25.75 Mil (TTM As of Mar. 2024)


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What is Serve Robotics EBIT?

Serve Robotics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-7.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-25.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Serve Robotics's annualized ROC % for the quarter that ended in Mar. 2024 was -375.96%. Serve Robotics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4,024.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Serve Robotics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -23.02%.

Serve Robotics EBIT Historical Data

The historical data trend for Serve Robotics'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.

Serve Robotics EBIT Chart

Serve Robotics Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-21.67 -21.22 -22.55

Serve Robotics Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only -5.10 -3.26 -6.16 -8.61 -7.71

Competitive Comparison of Serve Robotics's EBIT

For the Specialty Industrial Machinery subindustry, Serve Robotics'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.

Serve Robotics's EV-to-EBIT Distribution in the Industrial Products Industry

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

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


Serve Robotics 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 $-25.75 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.

Serve Robotics  (NAS:SERV) EBIT Explanation

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

Serve Robotics'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 )
=-30.844 * ( 1 - 0% )/( (5.275 + 11.133)/ 2 )
=-30.844/8.204
=-375.96 %

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))
=2.805 - 2.306 - ( 0.007 - max(0, 6.237 - 1.461+0.007))
=5.275

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))
=4.248 - 2.876 - ( 0.427 - max(0, 12.794 - 3.033+0.427))
=11.133

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

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

Serve Robotics'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 )
=-30.844/( ( (0.831 + max(-0.852, 0)) + (0.702 + max(-1.828, 0)) )/ 2 )
=-30.844/( ( 0.831 + 0.702 )/ 2 )
=-30.844/0.7665
=-4,024.01 %

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)
=(0.003 + 0.774 + 0.677) - (2.306 + 0 + 0)
=-0.852

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.266 + 0.737 + 1.603) - (2.876 + 0.069 + 1.489)
=-1.828

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-25.749/111.864
=-23.02 %

* 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.

Serve Robotics EBIT Related Terms

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Serve Robotics (Serve Robotics) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Serve Robotics Inc (NAS:SERV) » Definitions » EBIT
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N/A
Address
730 Broadway, Redwood, CA, USA, 94063
Website
https://www.serverobotics.com
Serve Robotics Inc is developing next-generation robots for last-mile delivery services. Its first product is a zero-emission robot that serves people in public areas, Starting with food delivery. It has developed an advanced, AI-robotics mobility platform, with last-mile delivery in cities as its first application.