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AVHI (Achari Ventures Holdings I) EBIT : $-2.84 Mil (TTM As of Jun. 2024)


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What is Achari Ventures Holdings I EBIT?

Achari Ventures Holdings I's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $-0.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-2.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Achari Ventures Holdings I's annualized ROC % for the quarter that ended in Jun. 2024 was -50.69%. Achari Ventures Holdings I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Achari Ventures Holdings I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -8.71%.


Achari Ventures Holdings I EBIT Historical Data

The historical data trend for Achari Ventures Holdings I'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.

Achari Ventures Holdings I EBIT Chart

Achari Ventures Holdings I Annual Data
Trend Dec21 Dec22 Dec23
EBIT
- -1.57 -3.18

Achari Ventures Holdings I Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.80 -0.63 -0.77 -0.53 -0.91

Competitive Comparison of Achari Ventures Holdings I's EBIT

For the Shell Companies subindustry, Achari Ventures Holdings I'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.


Achari Ventures Holdings I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Achari Ventures Holdings I's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Achari Ventures Holdings I's EV-to-EBIT falls into.



Achari Ventures Holdings I 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.84 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.


Achari Ventures Holdings I  (OTCPK:AVHI) EBIT Explanation

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

Achari Ventures Holdings I's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-3.632 * ( 1 - -1.4% )/( (7.021 + 7.511)/ 2 )
=-3.682848/7.266
=-50.69 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Achari Ventures Holdings I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.632/( ( (0 + max(-3.919, 0)) + (0 + max(-4.557, 0)) )/ 2 )
=-3.632/( ( 0 + 0 )/ 2 )
=-3.632/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.063) - (3.982 + 0 + 0)
=-3.919

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.019) - (4.576 + 0 + 8.8817841970013E-16)
=-4.557

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Achari Ventures Holdings I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-2.84/32.623
=-8.71 %

* 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.


Achari Ventures Holdings I EBIT Related Terms

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Achari Ventures Holdings I Business Description

Traded in Other Exchanges
N/A
Address
60 Walnut Avenue, Suite 400, Clark, NJ, USA, 07066
Achari Ventures Holdings Corp I is a blank check company.
Executives
Mark Pelson director PROVIDENCE EQUITY, 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Harry Demott director C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE, LOVELAND OH 45140
Kevin K. Albert director 4146 STATE ROUTE 66, MALDEN BRIDGE NY 12115
Achari Sponsor Holdings I Llc 10 percent owner 60 WALNUT AVENUE, SUITE 400, CLARK NJ 07066
Mitchell Hara officer: Chief Financial Officer 60 WALNUT AVENUE, SUITE 400, CLARK NJ 07066
Merrick Friedman director, officer: Chief Investment Officer 60 WALNUT AVENUE, SUITE 400, CLARK NJ 07066
Timothy Seymour director 60 WALNUT AVENUE, SUITE 400, CLARK NJ 07066
Vikas Desai director, officer: Chief Executive Officer 60 WALNUT AVENUE, SUITE 400, CLARK NJ 07066
Seth W Farbman director 40 WALNUT AVE., SUITE 400, CLARK NJ 07066