Global Blockchain Acquisition (Global Blockchain Acquisition) EBIT : $-1.26 Mil (TTM As of Dec. 2023)

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What is Global Blockchain Acquisition EBIT?

Global Blockchain Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global Blockchain Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -1.43%. Global Blockchain 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. Global Blockchain Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.58%.

Global Blockchain Acquisition EBIT Historical Data

The historical data trend for Global Blockchain 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.

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Global Blockchain Acquisition EBIT Chart

Global Blockchain Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.76

-1.26

Global Blockchain Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial					-0.25	-0.30	-0.23	-0.50	-0.24

Competitive Comparison of Global Blockchain Acquisition's EBIT

For the Shell Companies subindustry, Global Blockchain 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.

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

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

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

Global Blockchain 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 $-1.26 Mil.

Global Blockchain Acquisition (NAS:GBBK) EBIT Explanation

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

Global Blockchain 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 )
=	-0.956 * ( 1 - 60.95% )	/	( (25.832	+	26.296)	/ 2 )
=	-0.373318	/	26.064
=	-1.43 %

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	))
=	26.614	-	0.53	-	( 0.498	-	max(0, 0.53	-	0.782	+	0.498	))
=	25.832

	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	))
=	26.772	-	2.199	-	( 0.306	-	max(0, 2.199	-	0.476	+	0.306	))
=	26.296

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

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

Global Blockchain 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 )
=	-0.956	/	( ( (0 + max(-0.279, 0))	+	(0 + max(-2.063, 0)) )	/	2 )
=	-0.956	/	( ( 0	+	0 )	/	2 )
=	-0.956	/	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	+	0.251)	-	(0.53	+	0	+	0)
=	-0.279

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.136)	-	(2.199	+	0	+	0)
=	-2.063

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.259	/	79.615
	=	-1.58 %

Global Blockchain Acquisition EBIT Related Terms

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Global Blockchain Acquisition (Global Blockchain Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Blockchain Acquisition Corp (NAS:GBBK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6555 Sanger Road, Suite 200, Orlando, FL, USA, 32827

Website

Global Blockchain Acquisition Corp is a blank check company.

Executives

Christopher Ensey	director	2307 NE 12TH ST., FT. LAUDERDALE FL 33304
Jonathan D Morris	officer: Chief Financial Officer	C/O IMAGEWARE SYSTEMS, INC., 13500 EVENING CREEK DRIVE N SUITE 550, SAN DIEGO CA 92128
Max Wayne Hooper	director, officer: Chief Executive Officer	1345 AVE OF THE AMERICAS 2ND FL, NEW YORK NY 10105
Allen R Weiss	director	C/O DICK'S SPORTING GOODS, INC., 345 COURT STREET, CORAOPOLIS PA 15108
Katya Rayevsky Fisher	director	1010 BRICKELL AVE, 4705, MIAMI FL 33130
Global Blockchain Sponsor, Llc	10 percent owner	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827
David L. Ruttenberg	director	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827
David S. Metcalf	director	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827
Paul C. Jeffries	director	C/O GLOBAL BLOCKCHAIN ACQUISITION CORP., 6555 SANGER ROAD, SUITE 200, ORLANDO FL 32827