BOCNW (Blue Ocean Acquisition) EBIT: $-0.66 Mil (TTM As of Sep. 2024)

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BOCNW Blue Ocean Acquisition Corp BOCNW
20 GF Score
Price $0.02
! 4 Warning Signs
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What is Blue Ocean Acquisition EBIT?

Blue Ocean Acquisition BOCNW 20 EBIT is $-0.66 Mil as of Sep. 2024. GuruFocus rates BOCNW with a GF Score™ of 20/100. The stock has 4 warning signs investors should review.

Blue Ocean Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Blue Ocean Acquisition's annualized ROC % for the quarter that ended in Sep. 2024 was -14.65%. Blue Ocean 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.


Blue Ocean Acquisition  (NAS:BOCNW) EBIT Explanation

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

Blue Ocean 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 )
=-3.424 * ( 1 - 0% )/( (22.948 + 23.809)/ 2 )
=-3.424/23.3785
=-14.65 %

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:

Blue Ocean 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 )
=-2.384/( ( (0 + max(-5.19, 0)) + (0 + max(-5.64, 0)) )/ 2 )
=-2.384/( ( 0 + 0 )/ 2 )
=-2.384/0
= %

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 + 0.089) - (5.279 + 0 + 0)
=-5.19

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.02) - (5.66 + 0 + 0)
=-5.64

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-0.655/0.000
= %

* 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.


Blue Ocean Acquisition EBIT Related Terms


Blue Ocean Acquisition EBIT Historical Data

* Premium members only.

The historical data trend for Blue Ocean 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.

Blue Ocean Acquisition EBIT Chart

Blue Ocean Acquisition Annual Data
Trend Dec21 Dec22 Dec23
EBIT
0.00 12.66 4.44

Blue Ocean Acquisition Quarterly Data
Mar21 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 0.93 0.97 -0.09 -0.93 -0.60

BOCNW vs CSLM, AEAE, NVAC: EBIT Comparison

For the Shell Companies subindustry, Blue Ocean 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.


Blue Ocean Acquisition EV-to-EBIT vs Diversified Financial Services Industry

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

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


BOCNW
20GF Score
Blue Ocean Acquisition Corp BOCNW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Blue Ocean 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 $-0.66 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-0.66 Mil mean?
Blue Ocean Acquisition (BOCNW) has a EBIT of $-0.66 Mil as of Sep. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Blue Ocean Acquisition.
Is Blue Ocean Acquisition's EBIT too high?
Blue Ocean Acquisition's current EBIT is $-0.66 Mil. Overall, Blue Ocean Acquisition has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Blue Ocean Acquisition's EBIT compare to CSLM and AEAE?
Blue Ocean Acquisition's EBIT of $-0.66 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Diversified Financial Services company?
A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Blue Ocean Acquisition. Blue Ocean Acquisition's current EBIT is $-0.66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Ocean Acquisition stock overvalued right now?
Blue Ocean Acquisition (BOCNW) has a current EBIT of $-0.66 Mil. The current EBIT is $-0.66 Mil. Blue Ocean Acquisition's overall GF Score™ is 20/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Blue Ocean Acquisition (BOCNW), the current EBIT is $-0.66 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Blue Ocean Acquisition Business Description

Address 2 Wisconsin Circle, 7th Floor, Chevy Chase, MD, USA, 20815
Blue Ocean Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
20GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.02
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