Bright Lights Acquisition (Bright Lights Acquisition) EBIT : $-4.89 Mil (TTM As of Sep. 2022)

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What is Bright Lights Acquisition EBIT?

Bright Lights Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-4.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bright Lights Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 was -0.77%. Bright Lights Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Bright Lights Acquisition EBIT Historical Data

The historical data trend for Bright Lights 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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Bright Lights Acquisition EBIT Chart

Bright Lights Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-7.18

Bright Lights Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial				-1.82	-2.87	-0.89	-0.67	-0.47

Competitive Comparison of Bright Lights Acquisition's EBIT

For the Shell Companies subindustry, Bright Lights 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.

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

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

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

Bright Lights 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.89 Mil.

Bright Lights Acquisition (NAS:BLTSU) EBIT Explanation

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

Bright Lights Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-1.864 * ( 1 - 4.06% )	/	( (230.36	+	232.05)	/ 2 )
=	-1.7883216	/	231.205
=	-0.77 %

where

	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	))
=	230.712	-	6.28	-	( 0.022	-	max(0, 6.28	-	0.352	+	0.022	))
=	230.36

	Invested Capital		(Q: Sep. 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	))
=	232.444	-	5.488	-	( 0.219	-	max(0, 5.488	-	0.394	+	0.219	))
=	232.05

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

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

Bright Lights Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.864	/	( ( (0 + max(-5.95, 0))	+	(0 + max(-5.313, 0)) )	/	2 )
=	-1.864	/	( ( 0	+	0 )	/	2 )
=	-1.864	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.33)	-	(6.28	+	0	+	0)
=	-5.95

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.175)	-	(5.488	+	0	+	0)
=	-5.313

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-4.892	/	0.000
	=	%

Bright Lights Acquisition EBIT Related Terms

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Bright Lights Acquisition (Bright Lights Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bright Lights Acquisition Corp (NAS:BLTSU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

12100 Wilshire Boulevard, Suite 1150, Los Angeles, CA, USA, 90025

Website

https://www.brightlightsacquisition.com

Bright Lights Acquisition Corp is a blank check company.

Executives

Mark S Shapiro	director	C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147
Peter Guber	director	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010
John Howard	director	277 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10172
Bright Lights Sponsor Llc	10 percent owner, other: See Remarks.	12100 WILSHIIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Allen Shapiro	director	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Michael Mahan	director, 10 percent owner, officer: CEO	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Bright Lights Holdco Llc	10 percent owner, other: See Remarks.	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Ciara Wilson	director	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Selena Kalvaria	director	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025
Hahn Lee	officer: CFO & Secretary	C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025