AltC Acquisition (AltC Acquisition) EBIT : $-4.27 Mil (TTM As of Dec. 2023)

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What is AltC Acquisition EBIT?

AltC Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AltC Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -0.10%. AltC Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AltC Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.54%.

AltC Acquisition EBIT Historical Data

The historical data trend for AltC 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.

AltC Acquisition EBIT Chart

AltC Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-1.81

-4.27

AltC Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial							-0.45	-1.16	-0.90	-2.04	-0.17

Competitive Comparison of AltC Acquisition's EBIT

For the Shell Companies subindustry, AltC 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.

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

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

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

AltC 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.27 Mil.

AltC Acquisition (NYSE:ALCC) EBIT Explanation

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

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

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.684 * ( 1 - 37.7% )	/	( (518.212	+	303.561)	/ 2 )
=	-0.426132	/	410.8865
=	-0.10 %

where

	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	))
=	519.994	-	2.368	-	( 1.749	-	max(0, 2.368	-	1.782	+	1.749	))
=	518.212

	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	))
=	305.62	-	3.491	-	( 1.629	-	max(0, 3.491	-	2.059	+	1.629	))
=	303.561

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

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

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

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.684	/	( ( (0 + max(-2.335, 0))	+	(0 + max(-3.061, 0)) )	/	2 )
=	-0.684	/	( ( 0	+	0 )	/	2 )
=	-0.684	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.033)	-	(2.368	+	0	+	0)
=	-2.335

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.43)	-	(3.491	+	0	+	0)
=	-3.061

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.271	/	784.081
	=	-0.54 %

AltC Acquisition EBIT Related Terms

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AltC Acquisition (AltC Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AltC Acquisition Corp (NYSE:ALCC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

640 Fifth Avenue, 12th Floor, New York, NY, USA, 10019

Website

https://altcacquisitioncorp.com

AltC Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Peter Lattman	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Samuel H. Altman	director, officer: Chief Executive Officer	29 DORLAND STREET, SAN FRANCISCO CA 94110
John L Thornton	director	C/O GOLDMAN SACHS GROUP INC, 85 BROAD STREET, NEW YORK NY 10004
Frances X Frei	director	ADVANCE AUTO PARTS, INC., 5008 AIRPORT RD, ROANOKE VA 24012
Michael Stuart Klein	director, 10 percent owner, officer: Chairman	C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Allison Green	director	C/O GSV CAPITAL CORP., 2925 WOODSIDE ROAD, WOODSIDE CA 94062
M. Klein Associates, Inc.	10 percent owner	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Lee Jay Taragin	officer: Chief Financial Officer	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Altc Sponsor Llc	10 percent owner	C/O ALTC ACQUISITION CORP., 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019