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Far Point Acquisition (Far Point Acquisition) EBIT : $-9.19 Mil (TTM As of Jun. 2020)


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What is Far Point Acquisition EBIT?

Far Point Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2020 was $-1.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $-9.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Far Point Acquisition's annualized ROC % for the quarter that ended in Jun. 2020 was -0.92%. Far Point Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was %.

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

Far Point Acquisition EBIT Historical Data

The historical data trend for Far Point 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.

Far Point Acquisition EBIT Chart

Far Point Acquisition Annual Data
Trend Dec18 Dec19
EBIT
- -2.31

Far Point Acquisition Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.85 -0.40 -0.68 -6.61 -1.50

Competitive Comparison of Far Point Acquisition's EBIT

For the Shell Companies subindustry, Far Point 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.

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

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

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


Far Point 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.19 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.

Far Point Acquisition  (NYSE:FPAC.U) EBIT Explanation

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

Far Point Acquisition's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

ROC % (Q: Jun. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2020 ) + Invested Capital (Q: Jun. 2020 ))/ count )
=-5.992 * ( 1 - 0.23% )/( (651.933 + 651.393)/ 2 )
=-5.9782184/651.663
=-0.92 %

where

Invested Capital(Q: Mar. 2020 )
=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))
=652.774 - 9.059 - ( 0.71 - max(0, 9.059 - 0.841+0.71))
=651.933

Invested Capital(Q: Jun. 2020 )
=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))
=652.373 - 9.974 - ( 0.517 - max(0, 9.974 - 0.98+0.517))
=651.393

Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data.

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

Far Point Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2020  Q: Jun. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.992/( ( (0 + max(-8.928, 0)) + (0 + max(-9.511, 0)) )/ 2 )
=-5.992/( ( 0 + 0 )/ 2 )
=-5.992/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.131) - (9.059 + 0 + 0)
=-8.928

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.463) - (9.974 + 0 + 0)
=-9.511

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2020 )
=-9.187/0.000
= %

* 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.

Far Point Acquisition EBIT Related Terms

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Far Point Acquisition (Far Point Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Far Point Acquisition Corp (NYSE:FPAC.U) » Definitions » EBIT
Comparable Companies
VTIQ CCX SPAQ FEAC CCH CPAA GHIV GMHI CCXX HYAC LSE:EVRA PACQ FTAC APXT THBR JIH LCA SBE HCAC SFTW
Traded in Other Exchanges
N/A
Address
18 West 18th Street, New York, NY, USA, 10011
Website
https://farpoint.ventures
Far Point Acquisition Corp is a blank check company.
Executives
Third Point Llc 10 percent owner 55 HUDSON YARDS, NEW YORK NY 10001
Daniel S Loeb 10 percent owner THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022
Nicole Seligman director C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Stanley A Mcchrystal director C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Far Point Llc 10 percent owner 390 PARK AVENUE NEW YORK NY 10022
David Bonanno director, officer: Chief Financial Officer 390 PARK AVENUE, NEW YORK NY 10022
Cloudbreak Aggregator Lp 10 percent owner 390 PARK AVENUE NEW YORK NY 10022
Silver Lake (offshore) Aiv Gp Iii, Ltd. 10 percent owner C/O SILVER LAKE PARTNERS, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Technology Associates Iii Cayman, L.p. 10 percent owner 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Sl Globetrotter, L.p. 10 percent owner P.O. BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104
Sl Globetrotter Gp, Ltd. 10 percent owner P.O. BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Laurence A Tosi director MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038
Thomas W Farley director, officer: Chief Executive Officer C/O: INTERCONTINENTALEXCHANGE, INC., 2100 RIVEREDGE PARKWAY, STE. 500, ATLANTA GA 30328