BOA Acquisition (BOA Acquisition) EBIT : $-1.55 Mil (TTM As of Jun. 2022)

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What is BOA Acquisition EBIT?

BOA Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-1.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BOA Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.58%. BOA Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -5,254.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BOA Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -0.59%.

BOA Acquisition EBIT Historical Data

The historical data trend for BOA 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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BOA Acquisition EBIT Chart

BOA Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-1.07

BOA Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
EBIT	Get a 7-Day Free Trial			-0.20	-0.49	-0.26	-0.47	-0.34

Competitive Comparison of BOA Acquisition's EBIT

For the Shell Companies subindustry, BOA 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.

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

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

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

BOA 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 $-1.55 Mil.

BOA Acquisition (NYSE:BOAS) EBIT Explanation

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

BOA 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 )
=	-1.34 * ( 1 - 0.58% )	/	( (230.066	+	230.329)	/ 2 )
=	-1.332228	/	230.1975
=	-0.58 %

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	))
=	230.513	-	0.276	-	( 0.171	-	max(0, 0.276	-	0.498	+	0.171	))
=	230.066

	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	))
=	230.57	-	0.362	-	( 0.01	-	max(0, 0.362	-	0.241	+	0.01	))
=	230.329

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

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

BOA 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 )
=	-1.34	/	( ( (0 + max(0.051, 0))	+	(0 + max(-0.131, 0)) )	/	2 )
=	-1.34	/	( ( 0.051	+	0 )	/	2 )
=	-1.34	/	0.0255
=	-5,254.90 %

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	+	0.327)	-	(0.276	+	0	+	0)
=	0.051

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.231)	-	(0.362	+	0	+	0)
=	-0.131

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	-1.551	/	262.477
	=	-0.59 %

BOA Acquisition EBIT Related Terms

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BOA Acquisition (BOA Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » BOA Acquisition Corp (NYSE:BOAS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 Virginia Avenue NW, Suite T23 Management Office, Washington, WA, USA, 20037

Website

https://www.boaacquisition.com

BOA Acquisition Corp is a blank check company.

Executives

Shane Battier	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Scott J Seligman	director	ONE TOWNE SQUARE, SUITE 1913, SOUTHFIELD MI 48076
Lorron James	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Anthony Wanger	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Stephanie Zimmerman	officer: Treasurer	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Srikanth Batchu	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Jenny Abramson	director	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Benjamin A. Friedman	10 percent owner, officer: See Remarks	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Brian D Friedman	10 percent owner, officer: Chief Executive Officer & CIO	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037
Bet On America Llc	10 percent owner	2600 VIRGINIA AVENUE NW, SUITE T23 MANAGEMENT OFFICE, WASHINGTON DC 20037