E.Merge Technology Acquisition (E.Merge Technology Acquisition) EBIT : $-1.86 Mil (TTM As of Jun. 2022)

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What is E.Merge Technology Acquisition EBIT?

E.Merge Technology Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-1.86 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. E.Merge Technology Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.35%. E.Merge Technology Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. E.Merge Technology Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -0.38%.

E.Merge Technology Acquisition EBIT Historical Data

The historical data trend for E.Merge Technology 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.

E.Merge Technology Acquisition EBIT Chart

E.Merge Technology Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-1.41

E.Merge Technology Acquisition Quarterly Data
	May20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
EBIT	Get a 7-Day Free Trial			-0.24	-0.40	-0.58	-0.32	-0.56

Competitive Comparison of E.Merge Technology Acquisition's EBIT

For the Shell Companies subindustry, E.Merge Technology 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.

E.Merge Technology Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

E.Merge Technology 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 $-1.86 Mil.

E.Merge Technology Acquisition (NAS:ETAC) EBIT Explanation

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

E.Merge Technology 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 )
=	-2.252 * ( 1 - 7.04% )	/	( (600.036	+	600.787)	/ 2 )
=	-2.0934592	/	600.4115
=	-0.35 %

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	))
=	600.314	-	0.79	-	( 0.146	-	max(0, 0.79	-	0.278	+	0.146	))
=	600.036

	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	))
=	602.16	-	0.883	-	( 1.291	-	max(0, 0.883	-	1.373	+	1.291	))
=	600.787

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

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

E.Merge Technology 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 )
=	-2.252	/	( ( (0 + max(-0.658, 0))	+	(0 + max(-0.801, 0)) )	/	2 )
=	-2.252	/	( ( 0	+	0 )	/	2 )
=	-2.252	/	0
=	%

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	+	0.132)	-	(0.79	+	0	+	0)
=	-0.658

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.082)	-	(0.883	+	0	+	0)
=	-0.801

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:

E.Merge Technology Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	-1.86	/	492.417
	=	-0.38 %

E.Merge Technology Acquisition EBIT Related Terms

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E.Merge Technology Acquisition (E.Merge Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » E.Merge Technology Acquisition Corp (NAS:ETAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

630 Ramona Street, Palo Alto, CA, USA, 94301

Website

https://emergetechacquisition.com

E.Merge Technology Acquisition Corp is a blank check company.

Executives

Benjamin Alexander Reitzes	director	E.MERGE TECHNOLOGY ACQUISITION CORP., 630 RAMONA ST., PALO ALTO CA 94301
Morgan Hermand	director	E.MERGE TECHNOLOGY ACQUISITION CORP., 630 RAMONA ST., PALO ALTO CA 94301
Jeff Clarke	director, officer: Co-CEO, CFO	COMPUTER ASSOCIATES INTERNATIONAL INC, ONE COMPUTER ASSOCIATES PLAZA, ISLANDA NY 11746
Curtis F Feeny	director	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Sudhir Steven Singh	director	6222 185TH AVE, REDMOND WA 98052
Guy Gecht	officer: Co-Chief Executive Officer
David T Ibnale	director	150 INDEPENDENCE DR, C/O ULTRA CLEAN, MENLO PARK CA 94025
Steven C. Fletcher	10 percent owner	C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807
Shuo Zhang	director	5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Explorer Parent Llc	10 percent owner	533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Founder Holdings Llc	10 percent owner	533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Alex Serge Vieux	10 percent owner	C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
E.merge Technology Sponsor Llc	10 percent owner	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105