Heartland Media Acquisition (Heartland Media Acquisition) EBIT : $-1.40 Mil (TTM As of Mar. 2023)

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What is Heartland Media Acquisition EBIT?

Heartland Media Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-0.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-1.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heartland Media Acquisition's annualized ROC % for the quarter that ended in Mar. 2023 was -0.22%. Heartland Media Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heartland Media Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -0.55%.

Heartland Media Acquisition EBIT Historical Data

The historical data trend for Heartland Media 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.

Heartland Media Acquisition EBIT Chart

Heartland Media Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-1.30

Heartland Media Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial				-0.47	-0.36	-0.08	-0.40	-0.57

Competitive Comparison of Heartland Media Acquisition's EBIT

For the Shell Companies subindustry, Heartland Media 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.

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

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

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

Heartland Media 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.40 Mil.

Heartland Media Acquisition (NYSE:HMA) EBIT Explanation

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

Heartland Media Acquisition's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-2.272 * ( 1 - 80.56% )	/	( (200.147	+	202.048)	/ 2 )
=	-0.4416768	/	201.0975
=	-0.22 %

where

	Invested Capital		(Q: Dec. 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	))
=	200.721	-	0.716	-	( 0.234	-	max(0, 0.716	-	0.574	+	0.234	))
=	200.147

	Invested Capital		(Q: Mar. 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	))
=	202.454	-	1.464	-	( 0.068	-	max(0, 1.464	-	0.406	+	0.068	))
=	202.048

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.272	/	( ( (0 + max(-0.376, 0))	+	(0 + max(-1.126, 0)) )	/	2 )
=	-2.272	/	( ( 0	+	0 )	/	2 )
=	-2.272	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.34)	-	(0.716	+	0	+	0)
=	-0.376

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.338)	-	(1.464	+	0	+	0)
=	-1.126

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-1.397	/	253.639
	=	-0.55 %

Heartland Media Acquisition EBIT Related Terms

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Heartland Media Acquisition (Heartland Media Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Heartland Media Acquisition Corp (NYSE:HMA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3282 Northside Parkway, Suite 275, Atlanta, GA, USA, 30327

Website

https://www.heartlandmediaacquisition.com

Heartland Media Acquisition Corp is a blank check company.

Executives

Prather Robert S Jr	director, 10 percent owner, officer: Chief Executive Officer
Heartland Sponsor Llc	10 percent owner	3282 NORTHSIDE PKWY NW, STE 275, ATLANTA GA 30327
Shawn Pack	officer: Chief Financial Officer	C/O HEARTLAND MEDIA ACQUISITION CORP., 3282 NORTHSIDE PKWY, SUITE 275, ATLANTA GA 30327
Alan J Weber	director	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
John S Zieser	director	1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023
Salvatore Muoio	director	C/O LYNCH INTERACTIVE CORP, 401 THEODORE FREMD AVE, RYE NY 10580
Steven Todd Shapiro	director	C/O GOLDENTREE ASSET MANAGEMENT, 300 PARK AVENUE, NEW YORK NY 10022

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