Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) EBIT : $-5.69 Mil (TTM As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Twin Ridge Capital Acquisition EBIT?

Twin Ridge Capital Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-5.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Twin Ridge Capital Acquisition's annualized ROC % for the quarter that ended in Jun. 2023 was -4.83%. Twin Ridge Capital Acquisition'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. Twin Ridge Capital Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -6.20%.

Twin Ridge Capital Acquisition EBIT Historical Data

The historical data trend for Twin Ridge Capital 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.

Twin Ridge Capital Acquisition EBIT Chart

Twin Ridge Capital Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-2.33

-3.85

Twin Ridge Capital Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					-0.23	-0.20	-3.22	-1.48	-0.80

Competitive Comparison of Twin Ridge Capital Acquisition's EBIT

For the Shell Companies subindustry, Twin Ridge Capital 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.

Twin Ridge Capital Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Twin Ridge Capital 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.69 Mil.

Twin Ridge Capital Acquisition (NYSE:TRCA) EBIT Explanation

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

Twin Ridge Capital Acquisition'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 )
=	-3.18 * ( 1 - 0% )	/	( (65.318	+	66.419)	/ 2 )
=	-3.18	/	65.8685
=	-4.83 %

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	))
=	65.446	-	5.396	-	( 0.263	-	max(0, 5.876	-	0.608	+	0.263	))
=	65.318

	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	))
=	66.029	-	5.833	-	( 0.13	-	max(0, 6.473	-	0.25	+	0.13	))
=	66.419

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

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

Twin Ridge Capital Acquisition'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 )
=	-3.18	/	( ( (0 + max(-5.275, 0))	+	(0 + max(-5.713, 0)) )	/	2 )
=	-3.18	/	( ( 0	+	0 )	/	2 )
=	-3.18	/	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	+	0.121)	-	(5.396	+	0	+	8.8817841970013E-16)
=	-5.275

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.12)	-	(5.833	+	0	+	0)
=	-5.713

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-5.687	/	91.753
	=	-6.20 %

Twin Ridge Capital Acquisition EBIT Related Terms

Thank you for viewing the detailed overview of Twin Ridge Capital Acquisition's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Twin Ridge Capital Acquisition Corp (NYSE:TRCA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 Vanderbilt Beach Road, Suite 200, Naples, FL, USA, 34108

Website

https://www.twinridgecapitalac.com

Twin Ridge Capital Acquisition Corp is a blank check company.

Executives

Gary H Pilnick	director
Dale F Morrison	director, 10 percent owner	152 W 57TH ST, NEW YORK NY 10019
Twin Ridge Capital Sponsor, Llc	director, 10 percent owner	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Alison Sarah Burns	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Sanjay Krishnakumar Morey	director, 10 percent owner, officer: Co-CEO and President	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Russell William Peter Jr	director, 10 percent owner, officer: Co-CEO and CFO	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Paul Henrys	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025