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Monterey Capital Acquisition (Monterey Capital Acquisition) EBIT

: $-2.98 Mil (TTM As of Dec. 2023)
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Monterey Capital Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-1.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Monterey Capital Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -5.80%. Monterey Capital Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Monterey Capital Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.71%.

Monterey Capital Acquisition EBIT Historical Data

The historical data trend for Monterey Capital 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.

Monterey Capital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
EBIT
- -2.10 -2.98

Monterey Capital Acquisition Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only -1.04 -0.81 -0.54 -0.35 -1.28
Competitive Comparison

For the Shell Companies subindustry, Monterey Capital 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.

Monterey Capital Acquisition EV-to-EBIT Distribution

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

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


Monterey Capital 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.98 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.

Monterey Capital Acquisition  (NAS:MCAC) EBIT Explanation

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

Monterey Capital Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-5.128 * ( 1 - -4.19% )/( (101.74 + 82.378)/ 2 )
=-5.3428632/92.059
=-5.80 %

where

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))
=99.308 - 3.334 - ( 0.312 - max(0, 6.128 - 0.362+0.312))
=101.74

Invested Capital(Q: Dec. 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))
=78.775 - 3.24 - ( 0.006 - max(0, 6.915 - 0.072+0.006))
=82.378

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

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

Monterey Capital Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.128/( ( (0 + max(-5.124, 0)) + (0 + max(-5.727, 0)) )/ 2 )
=-5.128/( ( 0 + 0 )/ 2 )
=-5.128/0
= %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.05) - (3.334 + 1.84 + 0)
=-5.124

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.004) - (3.24 + 2.491 + -8.8817841970013E-16)
=-5.727

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-2.981/109.841
=-2.71 %

* 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.

Monterey Capital Acquisition EBIT Related Terms

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Monterey Capital Acquisition (Monterey Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monterey Capital Acquisition Corp (NAS:MCAC) » Definitions » EBIT
Comparable Companies
GATE FIAC GPAC OPA TBCP BMAC NSTB DSAQ NPAB ZLS PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
419 Webster Street, Monterey, CA, USA, 93940
Website
Monterey Capital Acquisition Corp is a blank check company.
Executives
Stephen Markscheid director C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618
Vivek K. Soni director, officer: Executive VP and Director 419 WEBSTER STREET, MONTEREY CA 93940
Kathleen C Cuocolo director 731 LEXINGTON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Monterey Acquisition Sponsor, Llc 10 percent owner 419 WEBSTER STREET, MONTEREY CA 93940
Leela Gray director 419 WEBSTER STREET, MONTEREY CA 93940
Bala Padmakumar director, 10 percent owner, officer: Chief Executive Officer 419 WEBSTER STREET, MONTEREY CA 93940
Daniel R Davis officer: Chief Financial Officer 419 WEBSTER STREET, MONTEREY CA 93940