Athena Consumer Acquisition (Athena Consumer Acquisition) EBIT : $-4.71 Mil (TTM As of Jun. 2023)

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What is Athena Consumer Acquisition EBIT?

Athena Consumer Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-4.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Athena Consumer Acquisition's annualized ROC % for the quarter that ended in Jun. 2023 was -13.54%. Athena Consumer Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Athena Consumer Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1.47%.

Athena Consumer Acquisition EBIT Historical Data

The historical data trend for Athena Consumer 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.

Athena Consumer Acquisition EBIT Chart

Athena Consumer Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-4.52

Athena Consumer Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial				-0.78	-1.27	-1.89	-1.09	-0.46

Competitive Comparison of Athena Consumer Acquisition's EBIT

For the Shell Companies subindustry, Athena Consumer 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.

Athena Consumer Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Athena Consumer 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.71 Mil.

Athena Consumer Acquisition (AMEX:ACAQ.U) EBIT Explanation

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

Athena Consumer Acquisition's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-2.888 * ( 1 - -7.74% )	/	( (22.972	+	23.002)	/ 2 )
=	-3.1115312	/	22.987
=	-13.54 %

where

	Invested Capital		(Q: Mar. 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	))
=	22.529	-	4.655	-	( 0.009	-	max(0, 5.352	-	0.254	+	0.009	))
=	22.972

	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	))
=	22.253	-	4.449	-	( 0.009	-	max(0, 5.445	-	0.247	+	0.009	))
=	23.002

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

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

Athena Consumer Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.856	/	( ( (0 + max(-4.41, 0))	+	(0 + max(-4.212, 0)) )	/	2 )
=	-1.856	/	( ( 0	+	0 )	/	2 )
=	-1.856	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.245)	-	(4.655	+	0	+	0)
=	-4.41

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.238)	-	(4.449	+	0	+	0.0010000000000003)
=	-4.212

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-4.713	/	320.789
	=	-1.47 %

Athena Consumer Acquisition EBIT Related Terms

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Athena Consumer Acquisition (Athena Consumer Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Consumer Acquisition Corp (AMEX:ACAQ.U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

442 5th Avenue, New York, NY, USA, 10018

Website

http://www.athenaconsumerspac.com

Athena Consumer Acquisition Corp is a blank check company.

Executives

Sarah M Kauss	director	611 BAINBRIDGE STREET, SUITE 100, RICHMOND VA 23224
Jennifer Carr-smith	officer: COO and President	28 LIBERTY STREET, NEW YORK NY 10005
Dee M Robinson	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Kay Koplovitz	director	KOPLOVITZ & CO. LLC, 145 CENTRAL PARK WEST, APT 24C, NEW YORK NY 10023
Isabelle D. Freidheim	director, 10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Consumer Acquisition Sponsor Llc	10 percent owner	442 5TH AVENUE, NEW YORK NY 10018
Angelina Smith	officer: Chief Financial Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018
Jane Hyo-sung Park	officer: Chief Executive Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018