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Altitude Acquisition (Altitude Acquisition) EBIT : $-4.55 Mil (TTM As of Sep. 2023)


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What is Altitude Acquisition EBIT?

Altitude Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altitude Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -18.84%. Altitude Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Altitude Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -5.30%.


Altitude Acquisition EBIT Historical Data

The historical data trend for Altitude 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.

Altitude Acquisition EBIT Chart

Altitude Acquisition Annual Data
Trend Dec20 Dec21 Dec22
EBIT
- -6.02 -3.34

Altitude Acquisition Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.44 -0.45 -1.62 -1.80 -0.68

Competitive Comparison of Altitude Acquisition's EBIT

For the Shell Companies subindustry, Altitude 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.


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

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

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



Altitude 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 $-4.55 Mil.

* 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.


Altitude Acquisition  (NAS:ALTU) EBIT Explanation

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

Altitude 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 )
=-2.712 * ( 1 - -2.63% )/( (14.652 + 14.888)/ 2 )
=-2.7833256/14.77
=-18.84 %

where

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

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

Altitude 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 )
=-2.712/( ( (0 + max(-2.144, 0)) + (0 + max(-2.483, 0)) )/ 2 )
=-2.712/( ( 0 + 0 )/ 2 )
=-2.712/0
= %

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 + 0.035) - (1.275 + 0.904 + 0)
=-2.144

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.017) - (1.489 + 1.011 + 0)
=-2.483

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-4.55/85.906
=-5.30 %

* 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.


Altitude Acquisition EBIT Related Terms

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Altitude Acquisition (Altitude Acquisition) Business Description

Traded in Other Exchanges
Address
400 Perimeter Center Terrace, Suite 151, Atlanta, GA, USA, 30346
Altitude Acquisition Corp is a blank check company.
Executives
Bnp Paribas Arbitrage, Sa 10 percent owner 1 RUE LAFFITTE, PARIS I0 75009
Michael Gavin Isaacs director BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Altitude Acquisition Holdco Llc director, 10 percent owner 1240 WEST WESLEY ROAD, ATLANTA GA 30327
Thomas Breitling director 1240 WEST WESLEY ROAD, ATLANTA GA 30327
Gary Teplis 10 percent owner 1240 WEST WESLEY ROAD, ATLANTA GA 30327
Adeel Rouf officer: See Remarks 1240 WEST WESLEY ROAD, ATLANTA GA 30327
Kevin Michael Schubert officer: Chief Operating Officer 1240 WEST WESLEY ROAD, ATLANTA GA 30327
Michel Maurice Taride director 1240 WEST WESLEY ROAD, ATLANTA 2Q 30327
Farris Griggs officer: Chief Financial Officer 1240 WEST WESLEY ROAD, ATLANTA GA 30327
Sam Galeotos director 1240 WEST WESLEY ROAD, ATLANTA GA 30327
Hilton Sturisky director 1240 WEST WESLEY ROAD, ATLANTA GA 30327