Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) EBIT : $-2.22 Mil (TTM As of Jun. 2022)

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What is Atlantic Avenue Acquisition EBIT?

Atlantic Avenue Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-2.22 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atlantic Avenue Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.37%. Atlantic Avenue Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Atlantic Avenue Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -0.71%.

Atlantic Avenue Acquisition EBIT Historical Data

The historical data trend for Atlantic Avenue 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.

Atlantic Avenue Acquisition EBIT Chart

Atlantic Avenue Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-2.09

Atlantic Avenue Acquisition Quarterly Data
	Jul20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
EBIT	Get a 7-Day Free Trial			-0.31	-0.84	-0.84	-0.31	-0.24

Competitive Comparison of Atlantic Avenue Acquisition's EBIT

For the Shell Companies subindustry, Atlantic Avenue 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.

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

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

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

Atlantic Avenue 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.22 Mil.

Atlantic Avenue Acquisition (NYSE:ASAQ) EBIT Explanation

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

Atlantic Avenue Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	-0.94 * ( 1 - 0.38% )	/	( (252.267	+	252.684)	/ 2 )
=	-0.936428	/	252.4755
=	-0.37 %

where

	Invested Capital		(Q: Mar. 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	))
=	251.044	-	0.209	-	( 0.939	-	max(0, 2.439	-	1.007	+	0.939	))
=	252.267

	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	))
=	251.044	-	0.036	-	( 0.648	-	max(0, 2.356	-	0.68	+	0.648	))
=	252.684

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

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

Atlantic Avenue Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.94	/	( ( (0 + max(-2.371, 0))	+	(0 + max(-2.324, 0)) )	/	2 )
=	-0.94	/	( ( 0	+	0 )	/	2 )
=	-0.94	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.068)	-	(0.209	+	2.23	+	0)
=	-2.371

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.032)	-	(0.036	+	2.32	+	0)
=	-2.324

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	-2.224	/	313.211
	=	-0.71 %

Atlantic Avenue Acquisition EBIT Related Terms

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Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Avenue Acquisition Corp (NYSE:ASAQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Atlantic Street, Stamford, CT, USA, 06902

Website

https://www.asaqspac.com

Atlantic Avenue Acquisition Corp is a newly organized blank check company.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Thomas J Neff	director	SPENCER STUART & ASSOCIATES, 277 PARK AVE, NEW YORK NY 10172
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Halmi Robert A Jr	director	CROWN MEDIA HOLDINGS INC, 6430 S FIDDLERS GREEN CIR STE 500, ENGLEWOOD CO 80111
Ashok Nayyar	director, 10 percent owner, officer: Chief Executive Officer, Chair	930 PARK AVENUE, NEW YORK NY 10028
Barry Best	officer: Chief Financial Officer	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Atlantic Street Partners Llc	10 percent owner	2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
David Gelobter	officer: Co-President & Secretary	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Purvang Desai	officer: Chief Accounting Officer	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Mark Field	director	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Michael Russell Zimmerman	officer: Co-President	C/O ATLANTIC STREET ACQUISITION CORP, 2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902
Atlantic Avenue Partners Gp Llc	10 percent owner	2200 ATLANTIC STREET, SUITE 501, STAMFORD CT 06902

Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Headlines

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Atlantic Avenue Acquisition Corp Receives Expected Notice from NYSE Regarding Delayed Quarterly Report

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