The EBIT margin of Ideanomics Inc is -1,006.92%
EBIT margin is a profitability ratio that measures earnings of the company as a percentage of revenue without taking into account the effect of taxes and interest.
ttm (trailing twelve months)
EBIT margin measures the profitability and operational efficiency of a company. It compares the amount of money that remains after the cost of goods and all operating expenses are subtracted from net revenue to sales. EBIT margin is calculated as earnings before interest and taxes divided by net revenue.
EBIT and EBIT margin evaluate how well a business manages its operations. Interest and taxes are not operating expenses and don’t impact operating efficiency. EBIT margin is usually used to compare operational efficiency and profitability of companies within the same industry. Taxes can vary by location thus excluding them from the calculation gives a better basis for comparing different companies.
EBIT and operating income are often used interchangeably, but there is a difference between them, which can cause the numbers to give different results. The key difference is that operating income does not include non-operating income, non-operating expenses, and other income.
ideanomics, inc. focuses on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and fintech products. its mobile energy global division provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs. this division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. the company's ideanomics capital division provides financial services solutions. this division is involved in the areas of capital markets, such as financial products advisory and creation, with specific focus on the application of blockchain and artificial intelligence in financial technology. this division also operates ekar, an exchange traded fund that tracks the innovation labs next generation vehicles index, which comprises of global stocks that have exposure to the theme of electr