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Newcourt Acquisition (Newcourt Acquisition) EBIT : $-2.35 Mil (TTM As of Sep. 2023)


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What is Newcourt Acquisition EBIT?

Newcourt Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-2.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Newcourt Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -14.48%. Newcourt Acquisition'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. Newcourt Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.72%.


Newcourt Acquisition EBIT Historical Data

The historical data trend for Newcourt 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.

Newcourt Acquisition EBIT Chart

Newcourt Acquisition Annual Data
Trend Dec21 Dec22
EBIT
- -1.29

Newcourt Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.16 -0.51 -0.77 -0.51 -0.56

Competitive Comparison of Newcourt Acquisition's EBIT

For the Shell Companies subindustry, Newcourt 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.


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

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

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



Newcourt 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.35 Mil.

* 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.


Newcourt Acquisition  (NAS:NCACU) EBIT Explanation

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

Newcourt Acquisition'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 )
=-2.228 * ( 1 - 0% )/( (17.853 + 12.911)/ 2 )
=-2.228/15.382
=-14.48 %

where

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

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

Newcourt Acquisition'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 )
=-2.228/( ( (0 + max(-13.982, 0)) + (0 + max(-16.157, 0)) )/ 2 )
=-2.228/( ( 0 + 0 )/ 2 )
=-2.228/0
= %

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 + 0.104) - (13.956 + 0 + 0.13)
=-13.982

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.021) - (15.785 + 0 + 0.393)
=-16.157

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-2.351/327.810
=-0.72 %

* 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.


Newcourt Acquisition EBIT Related Terms

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Newcourt Acquisition (Newcourt Acquisition) Business Description

Traded in Other Exchanges
Address
2201 Broadway, Suite 705, Oakland, CA, USA, 94612
Website
Newcourt Acquisition Corp is a blank check company. The company was formed for the purpose of effecting a merger, capital exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Executives
Van De Vyver Jurgen Johannes officer: Chief Financial Officer 1817 CALIFORNIA STREET APT 025, SAN FRANCISCO CA 94109
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Newcourt Spac Sponsor Llc 10 percent owner 2201 BROADWAY, SUITE 705, OAKLNAD CA 94612
Marc Gregory Balkin director, officer: Chief Executive Officer 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Daniel C Rogers officer: Chief Financial Officer 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Simran Rekhi Aggarwal director 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Rohit Bodas director 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Michael Jordaan director 2201 BROADWAY, SUITE 705, OAKLAND CA 94612
Nicole Farb director 2201 BROADWAY; SUITE 705, OAKLAND CA 94612