Welsbach Technology Metals Acquisition (Welsbach Technology Metals Acquisition) EBIT : $-1.64 Mil (TTM As of Mar. 2024)

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What is Welsbach Technology Metals Acquisition EBIT?

Welsbach Technology Metals Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.64 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Welsbach Technology Metals Acquisition's annualized ROC % for the quarter that ended in Mar. 2024 was -5.46%. Welsbach Technology Metals Acquisition'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. Welsbach Technology Metals Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.10%.

Welsbach Technology Metals Acquisition EBIT Historical Data

The historical data trend for Welsbach Technology Metals 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.

Welsbach Technology Metals Acquisition EBIT Chart

Welsbach Technology Metals Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-3.33

-2.22

Welsbach Technology Metals Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial						-0.91	-0.38	-0.61	-0.33	-0.32

Competitive Comparison of Welsbach Technology Metals Acquisition's EBIT

For the Shell Companies subindustry, Welsbach Technology Metals 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.

Welsbach Technology Metals Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Welsbach Technology Metals 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.64 Mil.

Welsbach Technology Metals Acquisition (NAS:WTMA) EBIT Explanation

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

Welsbach Technology Metals Acquisition'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 )
=	-1.288 * ( 1 - -14.75% )	/	( (26.776	+	27.41)	/ 2 )
=	-1.47798	/	27.093
=	-5.46 %

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	))
=	23.938	-	3.803	-	( 0.007	-	max(0, 6.649	-	0.008	+	0.007	))
=	26.776

	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	))
=	24.198	-	3.76	-	( 0.007	-	max(0, 6.979	-	0.007	+	0.007	))
=	27.41

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

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

Welsbach Technology Metals Acquisition'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 )
=	-1.288	/	( ( (0 + max(-3.803, 0))	+	(0 + max(-3.76, 0)) )	/	2 )
=	-1.288	/	( ( 0	+	0 )	/	2 )
=	-1.288	/	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	+	0.001)	-	(3.803	+	0	+	0.0010000000000003)
=	-3.803

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(3.76	+	0	+	8.8817841970013E-16)
=	-3.76

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-1.637	/	52.817
	=	-3.10 %

Welsbach Technology Metals Acquisition EBIT Related Terms

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Welsbach Technology Metals Acquisition (Welsbach Technology Metals Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Welsbach Technology Metals Acquisition Corp (NAS:WTMA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 South Craig Place, Lombard, IL, USA, 60148

Website

https://www.wtmau.com

Welsbach Technology Metals Acquisition Corp is a blank check company.

Executives

John P Stanfield	officer: Chief Financial Officer	9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210
Welsbach Acquisition Holdings Llc	10 percent owner	160 S CRAIG PLACE, LOMBARD IL 60148
Matthew T. Mrozinski	director	160 S CRAIG PLACE, LOMBARD IL 60148
Daniel Mamadou	director, officer: Chief Executive Officer	160 S CRAIG PLACE, LOMBARD IL 60148
Emily King	director	160 S CRAIG PLACE, LOMBARD IL 60148
Christopher Clower	director, officer: Chief Operating Officer	160 S CRAIG PLACE, LOMBARD IL 60148
Ralph Welpe	director	160 S CRAIG PLACE, LOMBARD IL 60148