Valuence Merger I (Valuence Merger I) EBIT : $-1.00 Mil (TTM As of Mar. 2024)

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What is Valuence Merger I EBIT?

Valuence Merger I's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.26 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Valuence Merger I's annualized ROC % for the quarter that ended in Mar. 2024 was -1.42%. Valuence Merger I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Valuence Merger I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.73%.

Valuence Merger I EBIT Historical Data

The historical data trend for Valuence Merger I'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.

Valuence Merger I EBIT Chart

Valuence Merger I Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-2.62

-1.39

Valuence Merger I Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial					-0.66	-0.38	-0.24	-0.12	-0.26

Competitive Comparison of Valuence Merger I's EBIT

For the Shell Companies subindustry, Valuence Merger I'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.

Valuence Merger I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Valuence Merger I's EV-to-EBIT falls into.

Valuence Merger I 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.00 Mil.

Valuence Merger I (NAS:VMCA) EBIT Explanation

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

Valuence Merger I's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-1.028 * ( 1 - 0% )	/	( (71.666	+	72.933)	/ 2 )
=	-1.028	/	72.2995
=	-1.42 %

where

	Invested Capital		(Q: Dec. 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	))
=	70.165	-	2.427	-	( 0.685	-	max(0, 4.691	-	0.763	+	0.685	))
=	71.666

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	70.827	-	2.5	-	( 0.025	-	max(0, 4.765	-	0.159	+	0.025	))
=	72.933

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Valuence Merger I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.028	/	( ( (0 + max(-2.349, 0))	+	(0 + max(-2.367, 0)) )	/	2 )
=	-1.028	/	( ( 0	+	0 )	/	2 )
=	-1.028	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.078)	-	(2.427	+	0	+	0)
=	-2.349

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.134)	-	(2.5	+	0	+	0.0010000000000003)
=	-2.367

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Valuence Merger I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.995	/	136.707
	=	-0.73 %

Valuence Merger I EBIT Related Terms

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Valuence Merger I (Valuence Merger I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Valuence Merger Corp I (NAS:VMCA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Orinda Way, Suite 100D, Orinda, CA, USA, 94563

Website

https://www.valuencecap.com

Valuence Merger Corp I is a blank check company.

Executives

Wunderlich Gary Kent Jr	director	CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367
Nelson Gentiletti	director	480 FERNAND-POITRAS, TERREBONE A8 J6Y 1Y4
Zhe Zhang	director	UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX RD CENTRAL, HONG KONG F4 518000
Gene Young Cho	officer: CHIEF OPERATING OFFICER	4 ORINDA WAY, SUITE 100D, ORINDA CA 94563
Sungsik (sung) Lee	officer: PRESIDENT	4 ORINDA WAY, SUITE 100D, ORINDA CA 94563
Sung Yoon Woo	director, officer: CEO	4 ORINDA WAY, SUITE 100D, ORINDA CA 94563
Valuence Capital, Llc	10 percent owner	WALKERS CORPORATE LIMITED, 190 ELGIN AVE, GRAND CAYMAN, GEORGE TOWN E9 KY1-9008
Joong Myung Cho	director	4 ORINDA WAY, SUITE 100D, ORINDA CA 94563
John June-seock Kim	director	4 ORINDA WAY, SUITE 100D, ORINDA CA 94563
Sungwoo Andrew Hyung	director, officer: CFO	4 ORINDA WAY, SUITE 100D, ORINDA CA 94563
Young Min Kim	director	4 ORINDA WAY, SUITE 100D, ORINDA CA 94563

Valuence Merger I (Valuence Merger I) Headlines

From GuruFocus

Valuence Merger Corp. I Announces the Separate Trading of its Ordinary Shares and Warrants, Commencing April 22, 2022

By GuruFocusNews GuruFocusNews • 04-21-2022