Digital World Acquisition (Digital World Acquisition) EBIT

: $-36.20 Mil (TTM As of Sep. 2023)

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Digital World Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-15.94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-36.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Digital World Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -22.06%. Digital World Acquisition'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. Digital World Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1.95%.

Digital World Acquisition EBIT Historical Data

The historical data trend for Digital World 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.

Digital World Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-1.64

-18.92

Digital World Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial						-4.82	-7.43	-1.02	-11.81	-15.94

Competitive Comparison

For the Shell Companies subindustry, Digital World 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.

Digital World Acquisition EV-to-EBIT Distribution

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

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

Digital World 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36.20 Mil.

Digital World Acquisition (NAS:DWAC) EBIT Explanation

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

Digital World Acquisition'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 )
=	-63.756 * ( 1 - -7.97% )	/	( (311.286	+	312.942)	/ 2 )
=	-68.8373532	/	312.114
=	-22.06 %

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	))
=	307.297	-	33.508	-	( 0.085	-	max(0, 37.658	-	0.161	+	0.085	))
=	311.286

	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	))
=	310.481	-	48.009	-	( 3.286	-	max(0, 53.756	-	3.286	+	3.286	))
=	312.942

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

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

Digital World Acquisition'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 )
=	-63.756	/	( ( (0 + max(-33.432, 0))	+	(0 + max(-48.009, 0)) )	/	2 )
=	-63.756	/	( ( 0	+	0 )	/	2 )
=	-63.756	/	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	+	0.076)	-	(33.508	+	0	+	0)
=	-33.432

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(48.009	+	0	+	0)
=	-48.009

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-36.2	/	1858.147
	=	-1.95 %

Digital World Acquisition EBIT Related Terms

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Digital World Acquisition (Digital World Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Digital World Acquisition Corp (NAS:DWAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DWACW:USA

Address

3109 Grand Avenue, No 450, Miami, FL, USA, 33133

Website

Digital World Acquisition Corp is a blank check company.

Executives

Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Patrick Francis Orlando	director, 10 percent owner, officer: CEO and Chairman	212 E 48TH STREET - PHB, NEW YORK NY 10017
Justin Shaner	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Eric Swider	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Rodrigo Veloso	director	78 SW 7TH STREET, MIAMI FL 33130
Bruce J. Garelick	director	78 SW 7TH STREET, MIAMI FL 33130
Jacobson Montie	director	78 SW 7TH STREET, MIAMI FL 33130
Luiz Orleans-braganza	officer: Chief Financial Officer	78 SW 7TH STREET, MIAMI FL 33130
Arc Global Investments Ii Llc	10 percent owner	78 SW 7TH STREET, MIAMI FL 33130