Embrace Change Acquisition (Embrace Change Acquisition) EBIT : $-0.94 Mil (TTM As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Embrace Change Acquisition EBIT?

Embrace Change Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.94 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Embrace Change Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -2.74%. Embrace Change 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. Embrace Change Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1.12%.

Embrace Change Acquisition EBIT Historical Data

The historical data trend for Embrace Change 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.

Embrace Change Acquisition EBIT Chart

Embrace Change Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-0.35

Embrace Change Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial					-0.15	-0.20	-0.13	-0.12	-0.49

Competitive Comparison of Embrace Change Acquisition's EBIT

For the Shell Companies subindustry, Embrace Change 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.

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

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

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

Embrace Change 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 $-0.94 Mil.

Embrace Change Acquisition (NAS:EMCG) EBIT Explanation

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

Embrace Change 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 )
=	-1.952 * ( 1 - 0% )	/	( (78.305	+	64.072)	/ 2 )
=	-1.952	/	71.1885
=	-2.74 %

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	))
=	78.627	-	0.325	-	( 0.287	-	max(0, 0.325	-	0.322	+	0.287	))
=	78.305

	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	))
=	64.089	-	0.918	-	( 0.009	-	max(0, 0.928	-	0.027	+	0.009	))
=	64.072

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

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

Embrace Change 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 )
=	-1.952	/	( ( (0 + max(-0.29, 0))	+	(0 + max(-0.9, 0)) )	/	2 )
=	-1.952	/	( ( 0	+	0 )	/	2 )
=	-1.952	/	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	+	0.035)	-	(0.325	+	0	+	0)
=	-0.29

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.018)	-	(0.918	+	0	+	0)
=	-0.9

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.937	/	83.437
	=	-1.12 %

Embrace Change Acquisition EBIT Related Terms

Thank you for viewing the detailed overview of Embrace Change Acquisition's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Embrace Change Acquisition (Embrace Change Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Embrace Change Acquisition Corp (NAS:EMCG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

5186 Carroll Canyon Road, San Diego, CA, USA, 92121

Website

Embrace Change Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Jingyu Wang	director, officer: Chief Executive Officer	5/F, BUILDING A1, JUNHAO CENTRAL PARK PL, CHAOYANG DISTRICT, BEIJING F4 00000
Mo Zhou	director	SHUNYI DISTRICT, LONG YUAN VILLAS, UNIT 139, BEIJING F4 101319
Jiangping Xiao	director	801 W ADAMS ST, CHICAGO IL 60607
Yoann Delwarde	director, officer: Chief Executive Officer	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Hang Zhou	director	10635 CALLE MAR DE MARIPOSA, APARTMENT 5314, SAN DIEGO CA 92130
Zheng Yuan	director, officer: Chief Financial Officer	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Wuren Fubao Inc.	10 percent owner	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Richemont Gregory De	director	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000

Embrace Change Acquisition (Embrace Change Acquisition) Headlines

From GuruFocus

Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing

By GlobeNewswire • 12-27-2023

Embrace Change Acquisition Corp. Announces Closing of $73.9 Million Initial Public Offering

By PurpleRose PurpleRose • 08-12-2022