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VAM Investments SPAC BV (XAMS:VAM) EBIT : €2.64 Mil (TTM As of Jun. 2023)


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What is VAM Investments SPAC BV EBIT?

VAM Investments SPAC BV's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €2.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €2.64 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VAM Investments SPAC BV's annualized ROC % for the quarter that ended in Jun. 2023 was -1.12%. VAM Investments SPAC BV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 24,230.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VAM Investments SPAC BV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 1.22%.

VAM Investments SPAC BV EBIT Historical Data

The historical data trend for VAM Investments SPAC BV'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.

VAM Investments SPAC BV EBIT Chart

VAM Investments SPAC BV Annual Data
Trend Dec21 Dec22
EBIT
0.88 0.51

VAM Investments SPAC BV Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23
EBIT - 0.88 -0.14 0.64 2.00

Competitive Comparison of VAM Investments SPAC BV's EBIT

For the Shell Companies subindustry, VAM Investments SPAC BV'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.

VAM Investments SPAC BV's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, VAM Investments SPAC BV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where VAM Investments SPAC BV's EV-to-EBIT falls into.


VAM Investments SPAC BV 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 semi-annually data reported by the company within the most recent 12 months, which was €2.64 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.

VAM Investments SPAC BV  (XAMS:VAM) EBIT Explanation

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

VAM Investments SPAC BV'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: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-2.398 * ( 1 - 0% )/( (212.792 + 215.213)/ 2 )
=-2.398/214.0025
=-1.12 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=214.257 - 0.233 - ( 1.232 - max(0, 0.233 - 1.925+1.232))
=212.792

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))
=216.819 - 0.796 - ( 0.81 - max(0, 0.796 - 2.09+0.81))
=215.213

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

VAM Investments SPAC BV'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: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.998/( ( (0 + max(0.033, 0)) + (0 + max(-0.743, 0)) )/ 2 )
=3.998/( ( 0.033 + 0 )/ 2 )
=3.998/0.0165
=24,230.30 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.266) - (0.233 + 0 + 0)
=0.033

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.053) - (0.796 + 0 + 0)
=-0.743

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

VAM Investments SPAC BV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=2.641/215.826
=1.22 %

* 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.

VAM Investments SPAC BV EBIT Related Terms

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VAM Investments SPAC BV (XAMS:VAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » VAM Investments SPAC BV (XAMS:VAM) » Definitions » EBIT
Comparable Companies
XAMS:EHCS XAMS:NAI XAMS:CTCA1 XAMS:LVIDE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA LSE:ADMR HCVI TRTL CCVI SLAM NETD
Traded in Other Exchanges
N/A
Address
Via Manzoni 3, Milano, ITA, 20121
Website
https://www.vaminvestments-spac.com
VAM Investments SPAC BV is a blank check company based in Milan, Italy. The Company's purpose is to ensure Supermoney gains access to the public capital markets and benefits from financial resources to further strengthen its market-leading position in the Italian utilities and telecommunications sector, to extend its value proposition through new streams of value-added products, and to potentially enter adjacent verticals through organic growth and/or strategic acquisitions.