Monument Circle Acquisition (Monument Circle Acquisition) EBIT : $-1.21 Mil (TTM As of Sep. 2022)

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What is Monument Circle Acquisition EBIT?

Monument Circle Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Monument Circle Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 was -0.27%. Monument Circle Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Monument Circle Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -0.38%.

Monument Circle Acquisition EBIT Historical Data

The historical data trend for Monument Circle 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.

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Monument Circle Acquisition EBIT Chart

Monument Circle Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-1.13

Monument Circle Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial				-0.22	-0.32	-0.27	-0.42	-0.20

Competitive Comparison of Monument Circle Acquisition's EBIT

For the Shell Companies subindustry, Monument Circle 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.

Monument Circle Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Monument Circle 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.21 Mil.

Monument Circle Acquisition (NAS:MON) EBIT Explanation

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

Monument Circle Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-0.812 * ( 1 - 15.65% )	/	( (250.59	+	251.446)	/ 2 )
=	-0.684922	/	251.018
=	-0.27 %

where

	Invested Capital		(Q: Jun. 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	))
=	250.515	-	0.266	-	( 0.019	-	max(0, 0.566	-	0.225	+	0.019	))
=	250.59

	Invested Capital		(Q: Sep. 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	))
=	251.398	-	0.513	-	( 0.141	-	max(0, 0.813	-	0.252	+	0.141	))
=	251.446

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Monument Circle Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.812	/	( ( (0 + max(-0.06, 0))	+	(0 + max(-0.402, 0)) )	/	2 )
=	-0.812	/	( ( 0	+	0 )	/	2 )
=	-0.812	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.206)	-	(0.266	+	0	+	-1.1102230246252E-16)
=	-0.06

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.111)	-	(0.513	+	0	+	0)
=	-0.402

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-1.211	/	314.846
	=	-0.38 %

Monument Circle Acquisition EBIT Related Terms

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Monument Circle Acquisition (Monument Circle Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monument Circle Acquisition Corp (NAS:MON) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

One EMMIS Plaza, 40 Monument Circle, Suite 700, Indianapolis, IN, USA, 46204

Website

https://www.monumentcircleacquisition.com

Monument Circle Acquisition Corp is a blank check company.

Executives

Stanley P Gold	director	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Patrick M Walsh	director, officer: President, COO & Director	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Jeffrey H Smulyan	director, 10 percent owner, officer: Chairman & CEO
Ryan A Hornaday	officer: EVP, CFO & Treasurer	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
J. Scott Enright	officer: EVP, Gen. Counsel & Secretary	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Emmis Operating Co	director, other: See footnote(2)	C/O EMMIS COMMUNICATIONS, 40 MONUMENT CIRCLE 7TH FLOOR, INDIANAPOLIS IN 46204
Stephen Goldsmith	director	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Monument Circle Sponsor Llc	other: See footnote(2)	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Traug Keller	director	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Chase Rupe	officer: SVP, Strategy & Corp. Dev.	ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204

Monument Circle Acquisition (Monument Circle Acquisition) Headlines

From GuruFocus

Monument Circle Acquisition Corp. Announces The Separate Trading Of Its Class A Common Stock And Warrants, Commencing March 12, 2021

By PRNewswire PRNewswire • 03-09-2021

Monument Circle Acquisition Corp. Completes Upsized $250 Million Initial Public Offering

By PRNewswire PRNewswire • 01-20-2021