Valor Latitude Acquisition (Valor Latitude Acquisition) EBIT : $-1.45 Mil (TTM As of Dec. 2022)

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What is Valor Latitude Acquisition EBIT?

Valor Latitude Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $-0.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Valor Latitude Acquisition's annualized ROC % for the quarter that ended in Dec. 2022 was -1.00%. Valor Latitude Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Valor Latitude Acquisition EBIT Historical Data

The historical data trend for Valor Latitude 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.

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Valor Latitude Acquisition EBIT Chart

Valor Latitude Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-0.97

-1.45

Valor Latitude Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial			-	-0.26	-0.40	-0.22	-0.58

Competitive Comparison of Valor Latitude Acquisition's EBIT

For the Shell Companies subindustry, Valor Latitude 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.

Valor Latitude Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Valor Latitude 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.45 Mil.

Valor Latitude Acquisition (NAS:VLATU) EBIT Explanation

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

Valor Latitude Acquisition's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-2.32 * ( 1 - 0% )	/	( (231.383	+	233.328)	/ 2 )
=	-2.32	/	232.3555
=	-1.00 %

where

	Invested Capital		(Q: Sep. 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	))
=	231.806	-	0.401	-	( 0.2	-	max(0, 0.401	-	0.423	+	0.2	))
=	231.383

	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	))
=	233.582	-	0.811	-	( 0.132	-	max(0, 0.811	-	0.254	+	0.132	))
=	233.328

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

Valor Latitude Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.32	/	( ( (0 + max(-0.178, 0))	+	(0 + max(-0.689, 0)) )	/	2 )
=	-2.32	/	( ( 0	+	0 )	/	2 )
=	-2.32	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.223)	-	(0.401	+	0	+	0)
=	-0.178

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.122)	-	(0.811	+	0	+	0)
=	-0.689

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	-1.451	/	0.000
	=	%

Valor Latitude Acquisition EBIT Related Terms

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Valor Latitude Acquisition (Valor Latitude Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Valor Latitude Acquisition Corp (NAS:VLATU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104

Website

https://www.valorlatitude.com

Valor Latitude Acquisition Corp is a blank check company.

Executives

Phoenix Spac Holdco Llc	10 percent owner	600 BRICKELL AVENUE, SUITE 2650, MIAMI FL 33131
Softbank Group Corp	10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Sbla Latin America Fund Llc	10 percent owner	200 S. BISCAYNE BLVD., 19TH FLOOR, MIAMI FL 33131
Sla Investments Iv Llc	10 percent owner	200 S. BISCAYNE BLVD., 19TH FLOOR, MIAMI FL 33131
Sbla Investments Ii Llc	10 percent owner	200 S. BISCAYNE BLVD., 19TH FLOOR, MIAMI FL 33131
Sbla Holdings (cayman) L.p.	10 percent owner	200 S. BISCAYNE BLVD., 19TH FLOOR, MIAMI FL 33131
Sb Global Advisers Ltd	10 percent owner	69 GROSVENOR STREET, LONDON X0 W1K 3JP
John G Bruno	director
Ricardo Knoepfelmacher	director	C/O 1875 EXPLORER STREET, SUITE 1000, RESTON VA 20190
J. Douglas Smith	officer: Chief Financial Officer	10 E 53RD ST., NEW YORK NY 10022
Helio L. Magalhaes	director	10 E 53RD ST., NEW YORK NY 10022
Scott Sobel	director	UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Valor Latitude Llc	10 percent owner	UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Mello Freire Neto Mario	director, officer: Chief Executive Officer	10 E 53RD ST., NEW YORK NY 10022
Linda Rottenberg	director	1805 29TH ST, STE 2050, BOULDER CO 80302

Valor Latitude Acquisition (Valor Latitude Acquisition) Headlines

From GuruFocus

Valor Latitude Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

By Business Wire Business Wire • 05-04-2021

Valor Latitude Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 24, 2021

By Business Wire Business Wire • 06-24-2021

Valor Latitude Acquisition Corp. Announces Closing of $200 Million Initial Public Offering

By Business Wire Business Wire • 05-06-2021