Edoc Acquisition (Edoc Acquisition) EBIT : $-1.96 Mil (TTM As of Sep. 2023)

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What is Edoc Acquisition EBIT?

Edoc Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.96 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Edoc Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -10.92%. Edoc Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Edoc Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -14.17%.

Edoc Acquisition EBIT Historical Data

The historical data trend for Edoc Acquisition'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.

Edoc Acquisition EBIT Chart

Edoc Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-0.90

-7.65

Edoc Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial								-0.22	-1.03	-0.42	-0.27	-0.24

Competitive Comparison of Edoc Acquisition's EBIT

For the Shell Companies subindustry, Edoc Acquisition'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.

Edoc Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Edoc Acquisition's EV-to-EBIT distribution charts can be found below:

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

Edoc Acquisition 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.96 Mil.

Edoc Acquisition (NAS:ADOC) EBIT Explanation

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

Edoc Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-1.412 * ( 1 - 0% )	/	( (12.828	+	13.041)	/ 2 )
=	-1.412	/	12.9345
=	-10.92 %

where

	Invested Capital		(Q: Jun. 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	))
=	9.597	-	2.525	-	( 0.01	-	max(0, 5.835	-	0.079	+	0.01	))
=	12.828

	Invested Capital		(Q: Sep. 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	))
=	9.536	-	2.715	-	( 0.012	-	max(0, 6.261	-	0.041	+	0.012	))
=	13.041

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Edoc Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.972	/	( ( (0 + max(-2.457, 0))	+	(0 + max(-2.687, 0)) )	/	2 )
=	-0.972	/	( ( 0	+	0 )	/	2 )
=	-0.972	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.069)	-	(2.525	+	0	+	0.0010000000000003)
=	-2.457

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.029)	-	(2.715	+	0	+	0.0010000000000003)
=	-2.687

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Edoc Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-1.963	/	13.851
	=	-14.17 %

Edoc Acquisition EBIT Related Terms

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Edoc Acquisition (Edoc Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Edoc Acquisition Corp (NAS:ADOC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

7612 Main Street Fishers, Suite 200, Victor, NY, USA, 14564

Website

https://www.edocmed.net

Edoc Acquisition Corp is a blank check company.

Executives

Yan Michael Li	director	7612 MAIN STREET FISHERS SUITE 200, VICTOR NY 14564
Jintao Zheng	director	7612 MAIN STREET FISHERS SUITE 200, VICTOR NY 14564
Yakira Capital Management, Inc.	10 percent owner	1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Bob Yunjun Ai	director	444 WASHINGTON BLVD, SUITE 3338, JERSEY CITY NJ 07310
Jiuji Yan	director	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Gang Li	director	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Xiaoping Becky Zhang	10 percent owner	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Kevin Chen	director, officer: Chief Executive Officer	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
American Physicians Llc	10 percent owner	7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564