Canna Global Acquisition (Canna Global Acquisition) EBIT : $-1.34 Mil (TTM As of Dec. 2023)

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What is Canna Global Acquisition EBIT?

Canna Global Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canna Global Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -1.10%. Canna Global Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canna Global Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.50%.

Canna Global Acquisition EBIT Historical Data

The historical data trend for Canna Global 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.

Canna Global Acquisition EBIT Chart

Canna Global Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-1.38

-1.34

Canna Global Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial						-0.86	-0.26	-0.69	-0.15	-0.24

Competitive Comparison of Canna Global Acquisition's EBIT

For the Shell Companies subindustry, Canna Global 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.

Canna Global Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Canna Global Acquisition's EV-to-EBIT falls into.

Canna Global 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.34 Mil.

Canna Global Acquisition (NAS:CNGL) EBIT Explanation

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

Canna Global Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.964 * ( 1 - 76.39% )	/	( (27.144	+	14.319)	/ 2 )
=	-0.2276004	/	20.7315
=	-1.10 %

where

	Invested Capital		(Q: Sep. 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	))
=	25.811	-	1.134	-	( 0.004	-	max(0, 2.8	-	0.333	+	0.004	))
=	27.144

	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	))
=	12.534	-	1.373	-	( 0.001	-	max(0, 3.387	-	0.229	+	0.001	))
=	14.319

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

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

Canna Global Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.964	/	( ( (0 + max(-0.805, 0))	+	(0 + max(-1.145, 0)) )	/	2 )
=	-0.964	/	( ( 0	+	0 )	/	2 )
=	-0.964	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.025	+	0	+	0.304)	-	(1.134	+	0	+	0)
=	-0.805

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.228)	-	(1.373	+	0	+	4.4408920985006E-16)
=	-1.145

When net working capital is negative, 0 is used.

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

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

Canna Global Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.337	/	89.279
	=	-1.50 %

Canna Global Acquisition EBIT Related Terms

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Canna Global Acquisition (Canna Global Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Canna Global Acquisition Corp (NAS:CNGL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4640 Admiralty Way, Suite 500, Marina Del Rey, CA, USA, 90292

Website

Canna Global Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Peng Kong	director	1180 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Kah Yong Tham	director	1, KIM SENG PROMENADE, #10-01 EAST TOWER, GREAT WORLD CITY U0 237994
George Yap	director, officer: Chief Financial Officer	1, KIM SENG PROMENADE, #10-01, EAST TOWER, GREAT WORLD CITY U0 237994
Subramaniam Thavaraj	director	29, TAMAN INTAN, KAJANG,SELANGOR N8 43000
Canna-global Llc	10 percent owner	4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
J. Gerald Combs	director, officer: Chief Executive Officer	848 BRICKELL AVENUE, PENT HOUSE 5, MIAMI FL 33131
Wian Stander	director	45 DORKING RD, LYNNWOOD MANOR, PRETORIA T3 0081

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