American Virtual Cloud Technologies (American Virtual Cloud Technologies) EBIT

: $-24.09 Mil (TTM As of Mar. 2023)

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American Virtual Cloud Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-9.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-24.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Virtual Cloud Technologies's annualized ROC % for the quarter that ended in Mar. 2023 was -342.86%. American Virtual Cloud Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -603.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Virtual Cloud Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 563.38%.

American Virtual Cloud Technologies EBIT Historical Data

The historical data trend for American Virtual Cloud Technologies'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.

American Virtual Cloud Technologies Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

EBIT

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-3.94

-4.51

-6.17

-99.15

-19.61

American Virtual Cloud Technologies Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial															-5.45	9.45	-15.53	-8.08	-9.93

Competitive Comparison

For the Information Technology Services subindustry, American Virtual Cloud Technologies'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.

American Virtual Cloud Technologies EV-to-EBIT Distribution

For the Software industry and Technology sector, American Virtual Cloud Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where American Virtual Cloud Technologies's EV-to-EBIT falls into.

American Virtual Cloud Technologies 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.09 Mil.

American Virtual Cloud Technologies (OTCPK:AVCTQ) EBIT Explanation

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

American Virtual Cloud Technologies's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-34.572 * ( 1 - -0.65% )	/	( (14.268	+	6.03)	/ 2 )
=	-34.796718	/	10.149
=	-342.86 %

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	))
=	31.909	-	5.014	-	( 12.627	-	max(0, 11.104	-	26.402	+	12.627	))
=	14.268

	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	))
=	23.41	-	4.054	-	( 13.326	-	max(0, 5.606	-	23.41	+	13.326	))
=	6.03

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

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

American Virtual Cloud Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-39.724	/	( ( (3.707 + max(4.986, 0))	+	(0 + max(4.478, 0)) )	/	2 )
=	-39.724	/	( ( 8.693	+	4.478 )	/	2 )
=	-39.724	/	6.5855
=	-603.20 %

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)
=	(7.39	+	0	+	6.385)	-	(5.014	+	0.023	+	3.752)
=	4.986

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.264	+	0	+	4.82)	-	(4.054	+	0	+	1.552)
=	4.478

When net working capital is negative, 0 is used.

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

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

American Virtual Cloud Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-24.09	/	-4.276
	=	563.38 %

American Virtual Cloud Technologies EBIT Related Terms

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American Virtual Cloud Technologies (American Virtual Cloud Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » American Virtual Cloud Technologies Inc (OTCPK:AVCTQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1720 Peachtree Street, Suite 629, Atlanta, GA, USA, 30309

Website

https://www.avctechnologies.com

American Virtual Cloud Technologies Inc is engaged in the business of providing IT solutions. The company, along with its subsidiaries, offers various services like private & hybrid data centers, enterprise networking solutions, unified cloud communications, managed services, cybersecurity, and enhanced connectivity. It caters its services to different sectors such as Energy, Finance, Healthcare, Manufacturing & logistics, Public sector, Retail and hospitality, Technology service providers, and Others. It has two segments Computex and Kandy. Geographically, it generates the majority of its revenue from the domestic market.

Executives

Charles E. Sweet	director	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Ribbon Communications Inc.	10 percent owner	6500 CHASE OAKS BOULEVARD, PLANO TX 75023
Adrian Foltz	officer: Chief Financial Officer	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Onex Evans	officer: Chief Accounting Officer	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Michael Tessler	director	C/O BROADSOFT, INC., 220 PERRY PARKWAY, GAITHERSBURG MD 20877
Mock Lawrence E, Jr.	director	ONE BUCKHEAD PLAZA, 3060 PEACHTREE RD, SUITE 780, ATLANTA GA 30305
Dennis P Lockhart	director	100 GOLF ROAD, GOLF IL 60029
Pensare Sponsor Group, Llc	10 percent owner	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Fund I, L.p.	10 percent owner	2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305
Navigation Capital Partners, Inc.	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Navigation Capital Partners Ii, L.p.	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Stratos Management Systems Holdings Llc	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Kevin Keough	officer: President	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Robert E. Willis	director	C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Partners, Llc	10 percent owner	2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305