ACAC (Acri Capital Acquisition) EBIT : $-1.14 Mil (TTM As of Jun. 2024)

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What is Acri Capital Acquisition EBIT?

Acri Capital Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $-0.53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-1.14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Acri Capital Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 was -9.51%. Acri Capital Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Acri Capital Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -2.42%.

Acri Capital Acquisition EBIT Historical Data

The historical data trend for Acri 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.

Acri Capital Acquisition EBIT Chart

Acri Capital Acquisition Annual Data

Trend

Dec22

Dec23

EBIT

-0.71

-0.80

Acri Capital Acquisition Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial					-0.27	-0.11	-0.23	-0.28	-0.53

Competitive Comparison of Acri Capital Acquisition's EBIT

For the Shell Companies subindustry, Acri 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.

Acri Capital Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Acri 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.14 Mil.

Acri Capital Acquisition (NAS:ACAC) EBIT Explanation

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

Acri Capital Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-2.112 * ( 1 - -42.2% )	/	( (39.451	+	23.717)	/ 2 )
=	-3.003264	/	31.584
=	-9.51 %

where

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	37.554	-	1.191	-	( 0.09	-	max(0, 3.269	-	0.181	+	0.09	))
=	39.451

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	21.278	-	1.094	-	( 0.005	-	max(0, 3.597	-	0.064	+	0.005	))
=	23.717

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Acri Capital Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.112	/	( ( (0 + max(-1.1, 0))	+	(0 + max(-1.035, 0)) )	/	2 )
=	-2.112	/	( ( 0	+	0 )	/	2 )
=	-2.112	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.091)	-	(1.191	+	0	+	0)
=	-1.1

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.059)	-	(1.094	+	0	+	-4.4408920985006E-16)
=	-1.035

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-1.137	/	46.981
	=	-2.42 %

Acri Capital Acquisition EBIT Related Terms

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Acri Capital Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Acri Capital Acquisition Corp (NAS:ACAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

13284 Pond Springs Road, Suite 405, Austin, TX, USA, 78729

Website

http://www.acricapacquisition.com

Acri Capital Acquisition Corp is a newly organized blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Executives

Cubist Systematic Strategies, Llc	10 percent owner	72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Cohen Steven A/sac Capital Mgmt Lp	10 percent owner	C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Edmund R Miller	director	2000 S BAYSHORE DR, #40, COCONUT GROVE FL 33133
Joy Yi Hua	director, 10 percent owner, officer: CEO and Chairwoman	6406 WOODBOURNE LN, CROZET VA 22932
Acri Capital Sponsor Llc	10 percent owner	6406 WOODBOURNE LN, CROZET VA 22932
Hardin James Craig Jr.	director	136 GRACKLE LN, PAWLEY ISLANDS SC 29585
Andrew James Pierce	director	2961-A HUNTER MILL RD, #124, OAKTON VA 22124