Alpha Star Acquisition (Alpha Star Acquisition) EBIT : $-0.43 Mil (TTM As of Sep. 2023)

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What is Alpha Star Acquisition EBIT?

Alpha Star Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alpha Star Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -0.38%. Alpha Star Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alpha Star Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.30%.

Alpha Star Acquisition EBIT Historical Data

The historical data trend for Alpha Star 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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Alpha Star Acquisition EBIT Chart

Alpha Star Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-0.59

Alpha Star Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial						-0.11	-0.12	-0.12	-0.09	-0.11

Competitive Comparison of Alpha Star Acquisition's EBIT

For the Shell Companies subindustry, Alpha Star 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.

Alpha Star Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Alpha Star 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 $-0.43 Mil.

Alpha Star Acquisition (NAS:ALSA) EBIT Explanation

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

Alpha Star 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 )
=	-0.42 * ( 1 - 0% )	/	( (123.014	+	99.058)	/ 2 )
=	-0.42	/	111.036
=	-0.38 %

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	))
=	123.371	-	0.357	-	( 0	-	max(0, 7.175	-	123.371	+	0	))
=	123.014

	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	))
=	99.487	-	0.429	-	( 0	-	max(0, 8.154	-	99.487	+	0	))
=	99.058

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

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

Alpha Star 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 )
=	-0.42	/	( ( (0 + max(120.139, 0))	+	(0 + max(96.183, 0)) )	/	2 )
=	-0.42	/	( ( 120.139	+	96.183 )	/	2 )
=	-0.42	/	108.161
=	-0.39 %

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	+	123.371)	-	(0.357	+	2.875	+	0)
=	120.139

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	99.487)	-	(0.429	+	2.875	+	0)
=	96.183

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.432	/	145.201
	=	-0.30 %

Alpha Star Acquisition EBIT Related Terms

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Alpha Star Acquisition (Alpha Star Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alpha Star Acquisition Corp (NAS:ALSA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Broad Street, 5th Floor, New York, NY, USA, 10004

Website

Alpha Star Acquisition Corp is a blank check company.

Executives

Zhe Zhang	director, officer: Chief Executive Officer	UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX RD CENTRAL, HONG KONG F4 518000
Guojian Chen	officer: Chief Financial Officer	477 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
A-star Management Corp.	10 percent owner	80 BROAD STREET, 5TH FLOOR, NEW YORK NY 10004
Xiaofeng Zhou	director	D-22A, MINGZHU COMMUNITY, NO. 1 TAOYUAN ROAD, NANSHAN DISTRICT, SHENZHEN F4 518000
Konstantin A. Sokolov	director	11, TRIQ ID-DULARI, SAN PAWL IL-BAHAR, SPB09 O1 263642
Heui-ching Huang	director	NO. 1, LANE 151, MINZU ROAD, BANQIAO DISTRICT, NEW TAIPEI CITY F5 220811

Alpha Star Acquisition (Alpha Star Acquisition) Headlines

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Alpha Star Acquisition Corporation Announces the Separate Trading of its Ordinary Shares, Rights and Warrants Commencing Tuesday, January 18, 2022

By GuruFocusNews GuruFocusNews • 01-14-2022

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