GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bannix Acquisition Corp (NAS:BNIX) » Definitions » EBIT

BNIX (Bannix Acquisition) EBIT : $-1.32 Mil (TTM As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Bannix Acquisition EBIT?

Bannix Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bannix Acquisition's annualized ROC % for the quarter that ended in Sep. 2024 was -18.87%. Bannix Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bannix Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4.06%.


Bannix Acquisition EBIT Historical Data

The historical data trend for Bannix 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.

Bannix Acquisition EBIT Chart

Bannix Acquisition Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-0.40 -1.00 -1.51

Bannix Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only -0.39 -0.31 -0.42 -0.35 -0.25

Competitive Comparison of Bannix Acquisition's EBIT

For the Shell Companies subindustry, Bannix 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.


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

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

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



Bannix 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.32 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.


Bannix Acquisition  (NAS:BNIX) EBIT Explanation

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

Bannix Acquisition's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-0.996 * ( 1 - -118.31% )/( (18.38 + 4.668)/ 2 )
=-2.1743676/11.524
=-18.87 %

where

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

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

Bannix Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.996/( ( (0 + max(-3.45, 0)) + (0 + max(-4.063, 0)) )/ 2 )
=-0.996/( ( 0 + 0 )/ 2 )
=-0.996/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.005) - (3.455 + 0 + 0)
=-3.45

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.004) - (4.067 + 0 + 0)
=-4.063

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-1.324/32.646
=-4.06 %

* 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.


Bannix Acquisition EBIT Related Terms

Thank you for viewing the detailed overview of Bannix Acquisition's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Bannix Acquisition Business Description

Traded in Other Exchanges
N/A
Address
300 Delaware Avenue, Suite 210, No. 301, Wilmington, DE, USA, 19807
Website
Bannix Acquisition Corp is a blank check company.
Executives
Ned L Siegel director 600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Douglas Landers Davis director, officer: Chief Executive Officer C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Jamal Khurshid director BEAMS END, OLD BRIGHTON ROAD, PEASE POTTAGE X0 RH11 9AJ
Craig Marshak director C/O TRAFALGAR CAPITAL ADVISORS, 18851 NORTHEAST 29 AVENUE, SUITE 306, AVENTURA FL 33180
Eric Todd Shuss director 7322 E. EQUITATION WAY, ORANGE CA 92869