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Artemis Strategic Investment (Artemis Strategic Investment) EBIT : $-2.23 Mil (TTM As of Jun. 2023)


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What is Artemis Strategic Investment EBIT?

Artemis Strategic Investment's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-2.23 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Artemis Strategic Investment's annualized ROC % for the quarter that ended in Jun. 2023 was -0.50%. Artemis Strategic Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Artemis Strategic Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -2.91%.

Artemis Strategic Investment EBIT Historical Data

The historical data trend for Artemis Strategic Investment'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.

Artemis Strategic Investment EBIT Chart

Artemis Strategic Investment Annual Data
Trend Dec21 Dec22
EBIT
-0.28 -6.47

Artemis Strategic Investment Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.78 -0.72 -0.69 -0.59 -0.23

Competitive Comparison of Artemis Strategic Investment's EBIT

For the Shell Companies subindustry, Artemis Strategic Investment'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.

Artemis Strategic Investment's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Artemis Strategic Investment's EV-to-EBIT falls into.


Artemis Strategic Investment 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.23 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.

Artemis Strategic Investment  (NAS:ARTE) EBIT Explanation

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

Artemis Strategic Investment's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-0.912 * ( 1 - 36.61% )/( (210.122 + 22.06)/ 2 )
=-0.5781168/116.091
=-0.50 %

where

Invested Capital(Q: Mar. 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))
=210.248 - 6.923 - ( 0.053 - max(0, 6.923 - 0.126+0.053))
=210.122

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))
=211.185 - 196.124 - ( 0.051 - max(0, 196.124 - 189.125+0.051))
=22.06

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

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

Artemis Strategic Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.912/( ( (0 + max(-6.85, 0)) + (0 + max(-7.05, 0)) )/ 2 )
=-0.912/( ( 0 + 0 )/ 2 )
=-0.912/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.073) - (6.923 + 0 + 0)
=-6.85

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 189.074) - (196.124 + 0 + 0)
=-7.05

When net working capital is negative, 0 is used.

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

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

Artemis Strategic Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-2.228/76.632
=-2.91 %

* 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.

Artemis Strategic Investment EBIT Related Terms

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Artemis Strategic Investment (Artemis Strategic Investment) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Artemis Strategic Investment Corp (NAS:ARTE) » Definitions » EBIT
Comparable Companies
GTAC RFAC HPLT GGAAF AEAE CREEF SWSS NUBI IGTA HNRA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
3310 East Corona Avenue, Phoenix, AZ, USA, 85040
Website
Artemis Strategic Investment Corp is a blank check company.
Executives
Atlas Merchant Capital Llc 10 percent owner 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Philip N Kaplan 10 percent owner, officer: Co-CEO and President 555 ANTON BOULEVARD, SUITE 400, COSTA MESA CA 92626
Anna Massion director 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Leonard Wanger director 121 W CHESTNUT 2403, CHICAGO IL 60610
Thomas Granite officer: CFO, Treasurer and Secretary 3310 EAST CORONA AVENUE, PHOENIX AZ 85040
Scott Shulak officer: SVP, Acquisitions & Accounting 3310 EAST CORONA AVENUE, PHOENIX AZ 85040
Rodney Butler director 3310 EAST CORONA AVENUE, PHOENIX AZ 85040
Holly Gagnon director, 10 percent owner, officer: Co-CEO and Chairperson 3310 EAST CORONA AVENUE, PHOENIX AZ 85040
Matthew Anfinson director 3310 EAST CORONA AVENUE, PHOENIX AZ 85040
Andro Nodarse-leon director 3310 EAST CORONA AVENUE, PHOENIX AZ 85040
Artemis Sponsor Llc 10 percent owner 3310 EAST CORONA AVENUE, PHOENIX AZ 85040