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Altimar Acquisition III (Altimar Acquisition III) EBIT : $-1.24 Mil (TTM As of Jun. 2023)


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What is Altimar Acquisition III EBIT?

Altimar Acquisition III's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-1.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altimar Acquisition III's annualized ROC % for the quarter that ended in Jun. 2023 was -3.46%. Altimar Acquisition III'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. Altimar Acquisition III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1.52%.

Altimar Acquisition III EBIT Historical Data

The historical data trend for Altimar 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.

Altimar Acquisition III EBIT Chart

Altimar Acquisition III Annual Data
Trend Dec21 Dec22
EBIT
-0.95 -1.22

Altimar Acquisition III Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.30 -0.24 -0.31 -0.33 -0.36

Competitive Comparison of Altimar Acquisition III's EBIT

For the Shell Companies subindustry, Altimar 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.

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

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

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


Altimar 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.24 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.

Altimar Acquisition III  (NYSE:ATAQ) EBIT Explanation

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

Altimar Acquisition III'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 )
=-1.436 * ( 1 - 0% )/( (41.283 + 41.659)/ 2 )
=-1.436/41.471
=-3.46 %

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))
=43.038 - 0.332 - ( 1.69 - max(0, 0.332 - 1.755+1.69))
=41.283

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))
=42.661 - 0.343 - ( 0.959 - max(0, 0.343 - 1.002+0.959))
=41.659

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

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

Altimar Acquisition III'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 )
=-1.436/( ( (0 + max(-0.267, 0)) + (0 + max(-0.3, 0)) )/ 2 )
=-1.436/( ( 0 + 0 )/ 2 )
=-1.436/0
= %

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 + 0.065) - (0.332 + 0 + 0)
=-0.267

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.043) - (0.343 + 0 + 0)
=-0.3

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-1.239/81.441
=-1.52 %

* 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.

Altimar Acquisition III EBIT Related Terms

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Altimar Acquisition III (Altimar Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Altimar Acquisition Corp III (NYSE:ATAQ) » Definitions » EBIT
Comparable Companies
ABGI ALPA BLNG OCAX OLIT NHIC ARYD BLSA RACB MITA GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
40 West 57th Street, 33rd Floor, New York, NY, USA, 10019
Website
https://ataq.altimaracquisition.com
Altimar Acquisition Corp III is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses.
Executives
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Payne Brown director 111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Thomas Wasserman director, officer: Chief Executive Officer C/O CONSTELLATION VENTURES, 383 MADISON AVENUE, NEW YORK NY 10179
Richard M Jelinek director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Vijay Sondhi director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Michael Rubenstein director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Roma Khanna director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Michael Vorhaus director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Wendy Lai officer: Chief Financial Officer 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Altimar Sponsor Iii, Llc 10 percent owner 40 W. 57TH STREET, 33RD FLOOR, NEW YORK NY 10019