Northern Star Investment III (Northern Star Investment III) EBIT : $-0.83 Mil (TTM As of Jun. 2023)

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What is Northern Star Investment III EBIT?

Northern Star Investment III's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Northern Star Investment III's annualized ROC % for the quarter that ended in Jun. 2023 was -0.87%. Northern Star Investment III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Northern Star Investment III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -79.92%.

Northern Star Investment III EBIT Historical Data

The historical data trend for Northern Star Investment III'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.

Northern Star Investment III EBIT Chart

Northern Star Investment III Annual Data

Trend

Sep22

EBIT

-0.80

Northern Star Investment III Quarterly Data
	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					-0.20	-0.20	-0.30	-0.21	-0.12

Competitive Comparison of Northern Star Investment III's EBIT

For the Shell Companies subindustry, Northern Star Investment III'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.

Northern Star Investment III's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Northern Star Investment III's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Northern Star Investment III's EV-to-EBIT falls into.

Northern Star Investment III 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.83 Mil.

Northern Star Investment III (OTCPK:NSTC) EBIT Explanation

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

Northern Star Investment III's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.496 * ( 1 - 25.53% )	/	( (42.31	+	42.914)	/ 2 )
=	-0.3693712	/	42.612
=	-0.87 %

where

	Invested Capital		(Q: Mar. 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	))
=	42.461	-	5.078	-	( 0.145	-	max(0, 5.078	-	0.151	+	0.145	))
=	42.31

	Invested Capital		(Q: Jun. 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	))
=	42.894	-	5.127	-	( 0.037	-	max(0, 5.227	-	0.08	+	0.037	))
=	42.914

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

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

Northern Star Investment III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.496	/	( ( (0 + max(-5.072, 0))	+	(0 + max(-5.084, 0)) )	/	2 )
=	-0.496	/	( ( 0	+	0 )	/	2 )
=	-0.496	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.006)	-	(5.078	+	0	+	0)
=	-5.072

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.043)	-	(5.127	+	0	+	8.8817841970013E-16)
=	-5.084

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Northern Star Investment III's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.828	/	1.036
	=	-79.92 %

Northern Star Investment III EBIT Related Terms

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Northern Star Investment III (Northern Star Investment III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Star Investment Corp III (OTCPK:NSTC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NSTCU:USA

Address

c/o Graubard Miller, 405 Lexington Avenue, The Chrysler Building, 44th Floor, New York, NY, USA, 10174

Website

https://www.northernstaric3.com

Northern Star Investment Corp III is a blank check company.

Executives

Jonathan J Ledecky	director, 10 percent owner, officer: President, COO	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Joanna Coles	director, 10 percent owner, officer: Chief Executive Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Northern Star Iii Sponsor Llc	10 percent owner	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE, NEW YORK NY 10174
Dasha Smith	director	C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Justine Cheng	director	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
James Hr Brady	officer: Chief Financial Officer	1850 CENTENNIAL PARK DRIVE, SUITE 200, RESTON VA 20191
James Vincent	director	C/O NORTHERN STAR INVESTMENT CORP. III, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174

Northern Star Investment III (Northern Star Investment III) Headlines

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Northern Star Investment Corp. III Receives NYSE Notification of Non-Compliance With Listing Rules

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