Athena Technology Acquisition II (Athena Technology Acquisition II) EBIT : $-4.88 Mil (TTM As of Sep. 2023)

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What is Athena Technology Acquisition II EBIT?

Athena Technology Acquisition II's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.88 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Athena Technology Acquisition II's annualized ROC % for the quarter that ended in Sep. 2023 was -12.98%. Athena Technology Acquisition II'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. Athena Technology Acquisition II's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -3.58%.

Athena Technology Acquisition II EBIT Historical Data

The historical data trend for Athena Technology Acquisition II'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.

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Athena Technology Acquisition II EBIT Chart

Athena Technology Acquisition II Annual Data

Trend

Dec21

Dec22

EBIT

-1.51

Athena Technology Acquisition II Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial				0.81	-2.00	-0.50	-1.98	-0.40

Competitive Comparison of Athena Technology Acquisition II's EBIT

For the Shell Companies subindustry, Athena Technology Acquisition II'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.

Athena Technology Acquisition II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Athena Technology Acquisition II 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 $-4.88 Mil.

Athena Technology Acquisition II (AMEX:ATEK) EBIT Explanation

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

Athena Technology Acquisition II'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 )
=	-2.816 * ( 1 - -12.07% )	/	( (23.077	+	25.54)	/ 2 )
=	-3.1558912	/	24.3085
=	-12.98 %

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	))
=	25.611	-	4.226	-	( 0	-	max(0, 4.226	-	2.534	+	0	))
=	23.077

	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	))
=	26.049	-	4.823	-	( 0.028	-	max(0, 4.973	-	0.659	+	0.028	))
=	25.54

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

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

Athena Technology Acquisition II'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 )
=	-1.596	/	( ( (0 + max(-1.692, 0))	+	(0 + max(-4.192, 0)) )	/	2 )
=	-1.596	/	( ( 0	+	0 )	/	2 )
=	-1.596	/	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	+	2.534)	-	(4.226	+	0	+	0)
=	-1.692

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.631)	-	(4.823	+	0	+	-8.8817841970013E-16)
=	-4.192

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-4.877	/	136.336
	=	-3.58 %

Athena Technology Acquisition II EBIT Related Terms

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Athena Technology Acquisition II (Athena Technology Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Technology Acquisition Corp II (AMEX:ATEK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

442 5th Avenue, New York, NY, USA, 10018

Website

https://www.athenaspac.com

Athena Technology Acquisition Corp II is a blank check company.

Executives

Trier Bryant	director	2220 WESTCREEK LN 1404, HOUSTON TX 77027
Judith Rodin	director	C/O UNIVERSITY OF PENNSYLVANIA, 100 COLLEGE HALL, PHILADELPHIA PA 19104-6380
Sharon Brown-hruska	director	C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Randi Zuckerberg	director	394 PACIFIC AVE., SUITE 2, SAN FRANCISCO CA 94111
Kirthiga Reddy	officer: President	C/O PEAR THERAPEUTICS, INC., 200 STATE STREET, 13TH FLOOR, BOSTON MA 02109
Isabelle D. Freidheim	director, 10 percent owner, officer: Chief Executive Officer	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Technology Sponsor Ii, Llc	10 percent owner	442 5TH AVENUE, NEW YORK NY 10018
Anna Apostolova	officer: Chief Financial Officer	C/O ATHENA TECHNOLOGY ACQUISITION CORP., 442 5TH AVENUE, NEW YORK NY 10018

Athena Technology Acquisition II (Athena Technology Acquisition II) Headlines

From GuruFocus

Athena Technology Acquisition Corp. II Announces Rescheduled Special Meeting Date

By Business Wire Business Wire • 06-02-2023

Athena Technology Acquisition Corp. II Announces Closing of $250 Million Initial Public Offering

By PRNewswire PRNewswire • 12-14-2021

Athena Technology Acquisition Corp. II Announces Transfer of Listed Securities to the NYSE American

By Business Wire • 07-17-2023

Air Water Ventures Ltd. to Go Public Through Business Combination with Athena Technology Acquisition Corp. II

By Business Wire Business Wire • 04-20-2023

Athena Technology Acquisition Corp. II Announces Intent to Adjourn Special Meeting to Approve Extension Amendment Proposal

By Value_Insider Value_Insider • 12-16-2022