Avanti Acquisition (Avanti Acquisition) EBIT : $-1.22 Mil (TTM As of Jun. 2022)

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What is Avanti Acquisition EBIT?

Avanti Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-1.22 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avanti Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.13%. Avanti Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -495.11%.

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

Avanti Acquisition EBIT Historical Data

The historical data trend for Avanti 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.

Avanti Acquisition EBIT Chart

Avanti Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-1.34

Avanti Acquisition Quarterly Data
	Jul20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
EBIT	Get a 7-Day Free Trial			-0.30	-0.27	-0.37	-0.39	-0.19

Competitive Comparison of Avanti Acquisition's EBIT

For the Shell Companies subindustry, Avanti 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.

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

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

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

Avanti 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.22 Mil.

Avanti Acquisition (NYSE:AVAN.WS) EBIT Explanation

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

Avanti Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	-0.76 * ( 1 - 0% )	/	( (600.94	+	601.792)	/ 2 )
=	-0.76	/	601.366
=	-0.13 %

where

	Invested Capital		(Q: Mar. 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	))
=	600.63	-	0.21	-	( 0.194	-	max(0, 1.053	-	0.533	+	0.194	))
=	600.94

	Invested Capital		(Q: Jun. 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	))
=	601.249	-	0.081	-	( 0.041	-	max(0, 0.924	-	0.3	+	0.041	))
=	601.792

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.76	/	( ( (0 + max(0.129, 0))	+	(0 + max(0.178, 0)) )	/	2 )
=	-0.76	/	( ( 0.129	+	0.178 )	/	2 )
=	-0.76	/	0.1535
=	-495.11 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.339)	-	(0.21	+	0	+	0)
=	0.129

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.259)	-	(0.081	+	0	+	1.1102230246252E-16)
=	0.178

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	-1.221	/	0.000
	=	%

Avanti Acquisition EBIT Related Terms

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Avanti Acquisition (Avanti Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Avanti Acquisition Corp (NYSE:AVAN.WS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Boundary Hall, Cricket Square, PO Box 1093, Grand Cayman, CYM, KY1-1102

Website

https://www.avanti-acquisition.com

Avanti Acquisition Corp is a blank check company.

Avanti Acquisition (Avanti Acquisition) Headlines

From GuruFocus

Stemming from SEC Guidance Concerning Balance Sheet Treatment of Warrants, Avanti Acquisition Corp. Announces Receipt of NYSE Continued Listing Standard Notice

By Business Wire Business Wire • 05-28-2021

Avanti Acquisition Corp. Announces the Separate Trading of Its Shares of Class A Common Stock and Warrants Commencing November 23, 2020

By Business Wire Business Wire • 11-20-2020