Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) EBIT : $-0.92 Mil (TTM As of Sep. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Ascendant Digital Acquisition III EBIT?

Ascendant Digital Acquisition III's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ascendant Digital Acquisition III's annualized ROC % for the quarter that ended in Sep. 2022 was -0.46%. Ascendant Digital Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -348.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Ascendant Digital Acquisition III EBIT Historical Data

The historical data trend for Ascendant Digital Acquisition III'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.

Ascendant Digital Acquisition III EBIT Chart

Ascendant Digital Acquisition III Annual Data

Trend

Dec21

EBIT

Ascendant Digital Acquisition III Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial			-	-	-0.30	-0.27	-0.35

Competitive Comparison of Ascendant Digital Acquisition III's EBIT

For the Shell Companies subindustry, Ascendant Digital Acquisition III'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.

Ascendant Digital Acquisition III's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Ascendant Digital Acquisition III 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 $-0.92 Mil.

Ascendant Digital Acquisition III (NYSE:ACDI.U) EBIT Explanation

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

Ascendant Digital Acquisition III'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 )
=	-1.404 * ( 1 - 0% )	/	( (307.115	+	308.299)	/ 2 )
=	-1.404	/	307.707
=	-0.46 %

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	))
=	307.829	-	0.198	-	( 0.516	-	max(0, 0.198	-	1.262	+	0.516	))
=	307.115

	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	))
=	309.092	-	0.337	-	( 0.456	-	max(0, 0.337	-	1.05	+	0.456	))
=	308.299

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

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

Ascendant Digital Acquisition III'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 )
=	-1.404	/	( ( (0 + max(0.548, 0))	+	(0 + max(0.257, 0)) )	/	2 )
=	-1.404	/	( ( 0.548	+	0.257 )	/	2 )
=	-1.404	/	0.4025
=	-348.82 %

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	+	0.746)	-	(0.198	+	0	+	0)
=	0.548

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.594)	-	(0.337	+	0	+	0)
=	0.257

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-0.923	/	0.000
	=	%

Ascendant Digital Acquisition III EBIT Related Terms

Thank you for viewing the detailed overview of Ascendant Digital Acquisition III's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ascendant Digital Acquisition Corp III (NYSE:ACDI.U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

667 Madison Avenue, 5th Floor, New York, NY, USA, 10065

Website

https://www.ascendant.digital

Ascendant Digital Acquisition Corp III is a blank check company.

Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Headlines

No Headlines