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Edify Acquisition (Edify Acquisition) EBIT : $-2.06 Mil (TTM As of Sep. 2023)


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What is Edify Acquisition EBIT?

Edify Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-2.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Edify Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -17.47%. Edify Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Edify Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.45%.


Edify Acquisition EBIT Historical Data

The historical data trend for Edify 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.

Edify Acquisition EBIT Chart

Edify Acquisition Annual Data
Trend Dec20 Dec21 Dec22
EBIT
- -1.08 -1.18

Edify Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.24 -0.34 -0.77 -0.45 -0.50

Competitive Comparison of Edify Acquisition's EBIT

For the Shell Companies subindustry, Edify 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.


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

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

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



Edify 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.06 Mil.

* 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.


Edify Acquisition  (NAS:EAC) EBIT Explanation

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

Edify Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-1.996 * ( 1 - -26.87% )/( (18.081 + 10.912)/ 2 )
=-2.5323252/14.4965
=-17.47 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.996/( ( (0 + max(-3.142, 0)) + (0 + max(-3.9, 0)) )/ 2 )
=-1.996/( ( 0 + 0 )/ 2 )
=-1.996/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.07) - (3.212 + 0 + 0)
=-3.142

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.086) - (3.986 + 0 + 0)
=-3.9

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-2.059/83.975
=-2.45 %

* 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.


Edify Acquisition EBIT Related Terms

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Edify Acquisition (Edify Acquisition) Business Description

Traded in Other Exchanges
Address
888 7th Avenue, Floor 29, New York, NY, USA, 10106
Edify Acquisition Corp is a blank check company.
Executives
Peter Ma officer: Chief Executive Officer 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Rosamund M. Elsie-mitchell director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Ronald H. Schlosser director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Susan Wolford director 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Morris Beyda officer: Chief Financial Officer 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Colodne director, 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Jason Beckman director, 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106
Colbeck Edify Holdings, Llc 10 percent owner 888 7TH AVENUE, FLOOR 29, NEW YORK NY 10106