Haymaker Acquisition II (Haymaker Acquisition II) EBIT : $-4.16 Mil (TTM As of Sep. 2020)

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What is Haymaker Acquisition II EBIT?

Haymaker Acquisition II's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-3.53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-4.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Haymaker Acquisition II's annualized ROC % for the quarter that ended in Sep. 2020 was -3.47%. Haymaker Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -61,391.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Haymaker Acquisition II's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -0.85%.

Haymaker Acquisition II EBIT Historical Data

The historical data trend for Haymaker Acquisition II'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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Haymaker Acquisition II EBIT Chart

Haymaker Acquisition II Annual Data

Trend

Dec19

EBIT

Haymaker Acquisition II Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EBIT	Get a 7-Day Free Trial			-0.29	-	-0.32	-0.31	-3.53

Competitive Comparison of Haymaker Acquisition II's EBIT

For the Shell Companies subindustry, Haymaker Acquisition II'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.

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

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

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

Haymaker Acquisition II 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.16 Mil.

Haymaker Acquisition II (NAS:HYAC) EBIT Explanation

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

Haymaker Acquisition II's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	-14.12 * ( 1 - 0.33% )	/	( (405.052	+	405.05)	/ 2 )
=	-14.073404	/	405.051
=	-3.47 %

where

	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	))
=	405.681	-	0.157	-	( 0.472	-	max(0, 0.157	-	0.675	+	0.472	))
=	405.052

	Invested Capital		(Q: Sep. 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	))
=	405.476	-	3.321	-	( 0.227	-	max(0, 3.321	-	0.426	+	0.227	))
=	405.05

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

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

Haymaker Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-14.12	/	( ( (0 + max(0.046, 0))	+	(0 + max(-3.122, 0)) )	/	2 )
=	-14.12	/	( ( 0.046	+	0 )	/	2 )
=	-14.12	/	0.023
=	-61,391.30 %

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.203)	-	(0.157	+	0	+	0)
=	0.046

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.199)	-	(3.321	+	0	+	0)
=	-3.122

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2020 )
	=	-4.157	/	486.273
	=	-0.85 %

Haymaker Acquisition II EBIT Related Terms

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Haymaker Acquisition II (Haymaker Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Haymaker Acquisition Corp II (NAS:HYAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Fifth Avenue, Floor 10, New York, NY, USA, 10019

Website

https://www.haymakeracquisition.com

Haymaker Acquisition Corp II is a blank check company.

Haymaker Acquisition II (Haymaker Acquisition II) Headlines

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Haymaker Acquisition Corp. 4 Announces Closing of $230,000,000 Initial Public Offering, including Underwriters' Over-Allotment Option of $30,000,000

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