Corner Growth Acquisition (Corner Growth Acquisition) EBIT : $-3.13 Mil (TTM As of Dec. 2023)

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What is Corner Growth Acquisition EBIT?

Corner Growth Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.13 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corner Growth Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -72.24%. Corner Growth 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. Corner Growth Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.75%.

Corner Growth Acquisition EBIT Historical Data

The historical data trend for Corner Growth 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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Corner Growth Acquisition EBIT Chart

Corner Growth Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-1.71

-1.97

-3.13

Corner Growth Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial								-0.67	-0.65	-1.24	-0.42	-0.82

Competitive Comparison of Corner Growth Acquisition's EBIT

For the Shell Companies subindustry, Corner Growth 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.

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

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

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

Corner Growth 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 $-3.13 Mil.

Corner Growth Acquisition (NAS:COOL) EBIT Explanation

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

Corner Growth 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 )
=	-3.268 * ( 1 - 0% )	/	( (4.494	+	4.553)	/ 2 )
=	-3.268	/	4.5235
=	-72.24 %

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	))
=	4.706	-	3.679	-	( 0.022	-	max(0, 3.679	-	0.212	+	0.022	))
=	4.494

	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	))
=	4.653	-	4.384	-	( 0.022	-	max(0, 4.384	-	0.1	+	0.022	))
=	4.553

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

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

Corner Growth 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 )
=	-3.268	/	( ( (0 + max(-3.489, 0))	+	(0 + max(-4.306, 0)) )	/	2 )
=	-3.268	/	( ( 0	+	0 )	/	2 )
=	-3.268	/	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	+	0	+	0.19)	-	(3.679	+	0	+	0)
=	-3.489

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.078)	-	(4.384	+	0	+	0)
=	-4.306

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.13	/	113.784
	=	-2.75 %

Corner Growth Acquisition EBIT Related Terms

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Corner Growth Acquisition (Corner Growth Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Corner Growth Acquisition Corp (NAS:COOL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

COOLU:USA

Address

251 Lytton Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.cornergrowth.com

Corner Growth Acquisition Corp is a blank check company.

Executives

John J. Cadeddu	director, 10 percent owner	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Alexandre Balkanski	director	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Jason Park	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marvin Tien	director, officer: Chief Executive Officer	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Cga Sponsor, Llc	10 percent owner	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Jane Batzofin	officer: President	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
David Kutcher	officer: Chief Financial Officer	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
John Mulkey	director	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Kevin Tanaka	officer: DCD	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301