Leo Holdings II (Leo Holdings II) EBIT : $-1.39 Mil (TTM As of Sep. 2023)

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What is Leo Holdings II EBIT?

Leo Holdings II's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Leo Holdings II's annualized ROC % for the quarter that ended in Sep. 2023 was -1.99%. Leo Holdings II'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. Leo Holdings II's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.87%.

Leo Holdings II EBIT Historical Data

The historical data trend for Leo Holdings 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.

* Premium members only.

Leo Holdings II EBIT Chart

Leo Holdings II Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-1.24

-1.15

Leo Holdings II Quarterly Data
	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial								-0.24	-0.34	-0.48	-0.31	-0.25

Competitive Comparison of Leo Holdings II's EBIT

For the Shell Companies subindustry, Leo Holdings 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.

Leo Holdings II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Leo Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.39 Mil.

Leo Holdings II (NYSE:LHC) EBIT Explanation

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

Leo Holdings II'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 )
=	-1.016 * ( 1 - 0% )	/	( (50.084	+	51.913)	/ 2 )
=	-1.016	/	50.9985
=	-1.99 %

where

	Invested Capital		(Q: Jun. 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	))
=	48.7	-	1.457	-	( 0.001	-	max(0, 2.897	-	0.056	+	0.001	))
=	50.084

	Invested Capital		(Q: Sep. 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	))
=	49.785	-	1.687	-	( 0.001	-	max(0, 3.847	-	0.032	+	0.001	))
=	51.913

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

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

Leo Holdings II'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 )
=	-1.016	/	( ( (0 + max(-1.402, 0))	+	(0 + max(-1.656, 0)) )	/	2 )
=	-1.016	/	( ( 0	+	0 )	/	2 )
=	-1.016	/	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	+	0.055)	-	(1.457	+	0	+	-4.4408920985006E-16)
=	-1.402

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.031)	-	(1.687	+	0	+	-4.4408920985006E-16)
=	-1.656

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-1.392	/	160.792
	=	-0.87 %

Leo Holdings II EBIT Related Terms

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Leo Holdings II (Leo Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Leo Holdings Corp II (NYSE:LHC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LHC.U:USA

Address

South Ocean Boulevard, Albany Financial Center, Suite 507, P.O. Box SP-63158, New Providence, Nassau, BHS, 90401

Website

Leo Holdings Corp II is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Mary E Minnick	director	1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Edward C Forst	director	85 BROAD STREET, NEW YORK NY 10004
Lori H Bush	director	NU SKIN ENTERPRISES INC, 75 WEST CENTER, PROVO UT 84601
Lyndon Lea	director	21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Robert Darwent	director	21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Leo Investors Ii Limited Partnership	10 percent owner	100 WILSHIRE BOULEVARD, LOS ANGELES CA 90401
Naveen Agarwal	director	C/O LEO HOLDINGS, 100 WILSHIRE BOULEVARD, LOS ANGELES CA 90401

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