8i Acquisition 2 (8i Acquisition 2) EBIT : $-1.99 Mil (TTM As of Jul. 2022)

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What is 8i Acquisition 2 EBIT?

8i Acquisition 2's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2022 was $-1.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2022 was $-1.99 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 8i Acquisition 2's annualized ROC % for the quarter that ended in Jul. 2022 was -5.73%. 8i Acquisition 2's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2022 was -5.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 8i Acquisition 2's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2022 was -3.41%.

8i Acquisition 2 EBIT Historical Data

The historical data trend for 8i Acquisition 2'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.

8i Acquisition 2 EBIT Chart

8i Acquisition 2 Annual Data

Trend

Jul21

Jul22

EBIT

-1.99

8i Acquisition 2 Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
EBIT	Get a 7-Day Free Trial			-	-0.05	-0.23	-0.48	-1.23

Competitive Comparison of 8i Acquisition 2's EBIT

For the Shell Companies subindustry, 8i Acquisition 2'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.

8i Acquisition 2's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 8i Acquisition 2's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 8i Acquisition 2's EV-to-EBIT falls into.

8i Acquisition 2 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 Jul. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.99 Mil.

8i Acquisition 2 (NAS:LAX) EBIT Explanation

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

8i Acquisition 2's annualized ROC % for the quarter that ended in Jul. 2022 is calculated as:

	ROC % (Q: Jul. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2022 )	+	Invested Capital (Q: Jul. 2022 ))	/ count )
=	-4.932 * ( 1 - 0% )	/	( (86.336	+	85.671)	/ 2 )
=	-4.932	/	86.0035
=	-5.73 %

where

	Invested Capital		(Q: Apr. 2022 )
=	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	))
=	86.944	-	0.061	-	( 0.547	-	max(0, 3.879	-	86.944	+	0.547	))
=	86.336

	Invested Capital		(Q: Jul. 2022 )
=	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	))
=	86.776	-	0.911	-	( 0.194	-	max(0, 4.73	-	86.776	+	0.194	))
=	85.671

Note: The Operating Income data used here is four times the quarterly (Jul. 2022) data.

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

8i Acquisition 2's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2022		Q: Jul. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.932	/	( ( (0 + max(83.318, 0))	+	(0 + max(82.652, 0)) )	/	2 )
=	-4.932	/	( ( 83.318	+	82.652 )	/	2 )
=	-4.932	/	82.985
=	-5.94 %

where Working Capital is:

	Working Capital		(Q: Apr. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	86.397)	-	(0.061	+	3.019	+	-0.00099999999999989)
=	83.318

	Working Capital		(Q: Jul. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	86.582)	-	(0.911	+	3.019	+	0)
=	82.652

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2022) EBIT data.

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

8i Acquisition 2's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2022 )
	=	-1.987	/	58.299
	=	-3.41 %

8i Acquisition 2 EBIT Related Terms

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8i Acquisition 2 (8i Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 8i Acquisition 2 Corp (NAS:LAX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o 6 Eu Tong Sen Street, No. 08-13, Singapore, SGP, 059817

Website

8i Acquisition 2 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

Chen Wei Wen Kelvin	director, officer: CHIEF EXECUTIVE OFFICER	C/O 1 PEMIMPIN DRIVE #12-07,, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Alfred Lim	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Kim Hing Chan	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
David Francis Capes	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Daniel Tan	officer: CHIEF TECHNOLOGY OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Steven John Sobak	officer: CHIEF FINANCIAL OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Lim Thien Su Gerald	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Alexander K. Arrow	director	PO BOX 3094, REDWOOD CITY CA 94064
Tan Meng Dong (james)	director, 10 percent owner, officer: Chief Executive Officer	UNIT 2003 KINGKEY 100, TOWER B, 5015 SHENNAN EAST ROAD, LUOHU DISTRICT, SHENZHEN/GUANGDONG F4 518000
Kwong Yeow Liew	director	RM 2313-2315, BLOCK B, ZHONGSHEN GARDEN, SHENZHEN F4 518101
Yap Guan Hong William	director, officer: Chief Financial Officer	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
Ajay Rajpal	director	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
8i Holdings 2 Pte Ltd	10 percent owner	C/O 6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817