Finserv Acquisition II (Finserv Acquisition II) EBIT : $-1.02 Mil (TTM As of Sep. 2023)

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What is Finserv Acquisition II EBIT?

Finserv Acquisition II's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Finserv Acquisition II's annualized ROC % for the quarter that ended in Sep. 2023 was -0.13%. Finserv 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. Finserv Acquisition II's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1.06%.

Finserv Acquisition II EBIT Historical Data

The historical data trend for Finserv 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.

* Premium members only.

Finserv Acquisition II EBIT Chart

Finserv Acquisition II Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-0.65

-0.84

Finserv Acquisition II Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial							-0.21	-0.22	-0.40	-0.20	-0.20

Competitive Comparison of Finserv Acquisition II's EBIT

For the Shell Companies subindustry, Finserv 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.

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

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

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

Finserv 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 $-1.02 Mil.

Finserv Acquisition II (NAS:FSRX) EBIT Explanation

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

Finserv 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 )
=	-0.812 * ( 1 - 95.18% )	/	( (50.854	+	10.847)	/ 2 )
=	-0.0391384	/	30.8505
=	-0.13 %

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	))
=	51.046	-	2.566	-	( 0.117	-	max(0, 2.566	-	0.192	+	0.117	))
=	50.854

	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	))
=	10.99	-	3.014	-	( 0.132	-	max(0, 3.139	-	0.268	+	0.132	))
=	10.847

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

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

Finserv 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 )
=	-0.812	/	( ( (0 + max(-2.491, 0))	+	(0 + max(-2.878, 0)) )	/	2 )
=	-0.812	/	( ( 0	+	0 )	/	2 )
=	-0.812	/	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	+	0.075)	-	(2.566	+	0	+	0)
=	-2.491

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.136)	-	(3.014	+	0	+	0)
=	-2.878

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-1.02	/	96.549
	=	-1.06 %

Finserv Acquisition II EBIT Related Terms

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Finserv Acquisition II (Finserv Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Finserv Acquisition Corp II (NAS:FSRX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY, USA, 10105

Website

https://www.finservacquisition.com

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

Executives

Robert Matza	director
Keating Valerie Soranno	director	C/O CPI CARD GROUP INC., 10026 WEST SAN JUAN WAY, LITTLETON CO 80127
Lee Einbinder	director, 10 percent owner, officer: Chief Executive Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Howard Kurz	director, officer: President	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David A Smilow	director
Finserv Holdings Ii Llc	director, 10 percent owner, officer: Chief Executive Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Steven Handwerker	officer: Chief Financial Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Brian Vaughan	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

Finserv Acquisition II (Finserv Acquisition II) Headlines

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