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SES AI (SES AI) EBIT : $-77.82 Mil (TTM As of Mar. 2024)


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What is SES AI EBIT?

SES AI's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-21.27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-77.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SES AI's annualized ROC % for the quarter that ended in Mar. 2024 was -122.15%. SES AI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -165.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SES AI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -51.76%.


SES AI EBIT Historical Data

The historical data trend for SES AI'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.

SES AI EBIT Chart

SES AI Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-15.29 -13.90 -32.01 -79.57 -78.16

SES AI 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 -21.61 -19.27 -19.36 -17.92 -21.27

Competitive Comparison of SES AI's EBIT

For the Auto Parts subindustry, SES AI'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.


SES AI's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



SES AI 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 $-77.82 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.


SES AI  (NYSE:SES) EBIT Explanation

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

SES AI'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 )
=-85.084 * ( 1 - -1.28% )/( (72.147 + 68.947)/ 2 )
=-86.1730752/70.547
=-122.15 %

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:

SES AI'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 )
=-85.084/( ( (51.058 + max(-5.681, 0)) + (51.819 + max(-4.3679999999999, 0)) )/ 2 )
=-85.084/( ( 51.058 + 51.819 )/ 2 )
=-85.084/51.4385
=-165.41 %

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 + 0.558 + 11.712) - (6.391 + 0 + 11.56)
=-5.681

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.425 + 6.7140000000001) - (3.768 + 0.077 + 7.662)
=-4.3679999999999

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-77.817/150.342
=-51.76 %

* 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.


SES AI EBIT Related Terms

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SES AI (SES AI) Business Description

Traded in Other Exchanges
N/A
Address
35 Cabot Road, Woburn, MA, USA, 01801
SES AI Corp is engaged in the development and initial production of high-performance Lithium-Metal (Li-Metal) rechargeable battery technologies for electric vehicles (EVs), electric vehicle take-off and landing (eVTOL), and other applications. The company is an integrated Li-Metal battery manufacturer with capabilities in material, cell, module, AI-powered safety algorithms, and recycling.
Executives
Jing Nealis officer: Chief Financial Officer 1, ROBINSON ROAD, #18-00 AIA TOWER, SINGAPORE U0 048542
Rohit Makharia officer: Pres. & Chief Op. Officer 1, ROBINSON ROAD, #18-00 AIA TOWER, SINGAPORE U0 048542
Hong Gan officer: Chief Science Officer 1, ROBINSON ROAD, #18-00 AIA TOWER, SINGAPORE U0 048542
Anirvan Coomer director 35 CABOT ROAD, WOBURN MA 01801
Yongkyu Son officer: Chief Technology Officer 1, ROBINSON ROAD, #18-00 AIA TOWER, SINGAPORE U0 048542
Kyle Pilkington officer: Chief Legal Officer 35 CABOT ROAD, WOBURN MA 01801
Qichao Hu director, 10 percent owner, officer: CEO & Chairman 1, ROBINSON ROAD, #18-00 AIA TOWER, SINGAPORE U0 048542
Gang Li officer: Chief Manufacturing Officer 35 CABOT ROAD, WOBURN MA 01801
Tianqi Lithium Hk Co., Ltd. 10 percent owner NO. 10 EAST GAOPENG ROAD, CHENGDU, SICHUAN F4 610041
Joanne Ban officer: Chief Legal & Corp. Officer 1, ROBINSON ROAD, #18-00 AIA TOWER, SINGAPORE U0 048542
Robert M Friedland director 150 BEACH ROAD #25-03, THE GATEWAY WEST, SINGAPORE U0 189720
Temasek Holdings (private) Ltd 10 percent owner 60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Tembusu Capital Pte. Ltd. 10 percent owner 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Sk Inc. 10 percent owner 26, JONG-RO, JONGNO-GU, SEOUL M5 03188
Jangwook Choi director 1, ROBINSON ROAD, #18-00 AIA TOWER, SINGAPORE U0 048542