Gores Holdings IX (Gores Holdings IX) EBIT : $-2.16 Mil (TTM As of Mar. 2024)

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What is Gores Holdings IX EBIT?

Gores Holdings IX's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gores Holdings IX's annualized ROC % for the quarter that ended in Mar. 2024 was -0.75%. Gores Holdings IX's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gores Holdings IX's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.06%.

Gores Holdings IX EBIT Historical Data

The historical data trend for Gores Holdings IX'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.

Gores Holdings IX EBIT Chart

Gores Holdings IX Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.01

-1.63

-2.04

Gores Holdings IX Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial						-0.48	-0.51	-0.42	-0.63	-0.61

Competitive Comparison of Gores Holdings IX's EBIT

For the Shell Companies subindustry, Gores Holdings IX'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.

Gores Holdings IX's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Gores Holdings IX's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gores Holdings IX's EV-to-EBIT falls into.

Gores Holdings IX 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.16 Mil.

Gores Holdings IX (NAS:GHIX) EBIT Explanation

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

Gores Holdings IX's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-2.424 * ( 1 - 3.33% )	/	( (556.191	+	64.944)	/ 2 )
=	-2.3432808	/	310.5675
=	-0.75 %

where

	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	))
=	557.409	-	2.998	-	( 1.843	-	max(0, 3.648	-	1.868	+	1.843	))
=	556.191

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	65.704	-	3.425	-	( 0.674	-	max(0, 4.075	-	1.41	+	0.674	))
=	64.944

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Gores Holdings IX's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.424	/	( ( (0 + max(-2.973, 0))	+	(0 + max(-2.689, 0)) )	/	2 )
=	-2.424	/	( ( 0	+	0 )	/	2 )
=	-2.424	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.025)	-	(2.998	+	0	+	0)
=	-2.973

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.736)	-	(3.425	+	0	+	0)
=	-2.689

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Gores Holdings IX's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-2.163	/	203.594
	=	-1.06 %

Gores Holdings IX EBIT Related Terms

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Gores Holdings IX (Gores Holdings IX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Holdings IX Inc (NAS:GHIX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6260 Lookout Road, Boulder, CO, USA, 80301

Website

https://www.gores.com

Gores Holdings IX Inc is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride	officer: See Remarks	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Keith Covington	director	500 WEST ILLINOIS, MIDLAND TX 79701
Elizabeth Marcellino	director	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Gores Sponsor Ix Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301

Gores Holdings IX (Gores Holdings IX) Headlines

From GuruFocus

Gores Holdings IX, Inc. Announces Pricing of $525 Million Initial Public Offering

By Business Wire Business Wire • 01-12-2022

Gores Holdings IX, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing March 4, 2022

By Business Wire Business Wire • 03-01-2022

Gores Holdings IX, Inc. Completes $525 Million Initial Public Offering

By Business Wire Business Wire • 01-14-2022