Investindustrial Acquisition (Investindustrial Acquisition) EBIT : $-2.79 Mil (TTM As of Sep. 2021)

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What is Investindustrial Acquisition EBIT?

Investindustrial Acquisition's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2021 was $-0.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was $-2.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Investindustrial Acquisition's annualized ROC % for the quarter that ended in Sep. 2021 was -0.13%. Investindustrial Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -182.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Investindustrial Acquisition EBIT Historical Data

The historical data trend for Investindustrial 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.

Investindustrial Acquisition EBIT Chart

Investindustrial Acquisition Annual Data

Trend

Dec20

EBIT

Investindustrial Acquisition Semi-Annual Data
	Sep20	Dec20	Mar21	Jun21	Sep21
EBIT	-	-1.35	-0.28	-0.65	-0.52

Competitive Comparison of Investindustrial Acquisition's EBIT

For the Shell Companies subindustry, Investindustrial 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.

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

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

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

Investindustrial 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $-2.79 Mil.

Investindustrial Acquisition (NYSE:IIAC.WS) EBIT Explanation

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

Investindustrial Acquisition's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

	ROC % (Q: Sep. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Sep. 2021 ))	/ count )
=	-0.516 * ( 1 - 0% )	/	( (403.762	+	403.768)	/ 2 )
=	-0.516	/	403.765
=	-0.13 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	403.883	-	0.536	-	( 0.361	-	max(0, 1.786	-	1.371	+	0.361	))
=	403.762

	Invested Capital		(Q: Sep. 2021 )
=	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	))
=	403.573	-	0.736	-	( 0.229	-	max(0, 1.986	-	1.055	+	0.229	))
=	403.768

Note: The Operating Income data used here is one times the annual (Sep. 2021) data.

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

Investindustrial Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Sep. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.516	/	( ( (0 + max(0.474, 0))	+	(0 + max(0.09, 0)) )	/	2 )
=	-0.516	/	( ( 0.474	+	0.09 )	/	2 )
=	-0.516	/	0.282
=	-182.98 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.01)	-	(0.536	+	0	+	0)
=	0.474

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.826)	-	(0.736	+	0	+	0)
=	0.09

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Sep. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2021 )
	=	-2.792	/	0.000
	=	%

Investindustrial Acquisition EBIT Related Terms

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Investindustrial Acquisition (Investindustrial Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Investindustrial Acquisition Corp (NYSE:IIAC.WS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saint James’s Square, Suite 1, 3rd Floor, 11-12, London, GBR, SW1Y 4LB

Website

https://www.investindustrial-acquisition-corp.com

Investindustrial Acquisition Corp is a blank check company.

Investindustrial Acquisition (Investindustrial Acquisition) Headlines

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