BRAC (Broad Capital Acquisition) EBIT : $-0.56 Mil (TTM As of Jun. 2024)

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What is Broad Capital Acquisition EBIT?

Broad Capital Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $-0.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Broad Capital Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 was -9.24%. Broad Capital Acquisition'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. Broad Capital Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.97%.

Broad Capital Acquisition EBIT Historical Data

The historical data trend for Broad Capital 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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Broad Capital Acquisition EBIT Chart

Broad Capital Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.15

0.14

Broad Capital Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial								0.50	-0.03	0.17	-0.42	-0.29

Competitive Comparison of Broad Capital Acquisition's EBIT

For the Shell Companies subindustry, Broad Capital 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.

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

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

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

Broad Capital 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.56 Mil.

Broad Capital Acquisition (NAS:BRAC) EBIT Explanation

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

Broad Capital Acquisition'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 )
=	-1.98 * ( 1 - -10.34% )	/	( (23.412	+	23.882)	/ 2 )
=	-2.184732	/	23.647
=	-9.24 %

where

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	19.734	-	3.94	-	( 0.165	-	max(0, 7.856	-	0.238	+	0.165	))
=	23.412

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	19.85	-	4.281	-	( 0.003	-	max(0, 8.356	-	0.043	+	0.003	))
=	23.882

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

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

Broad Capital Acquisition'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 )
=	-1.14	/	( ( (0 + max(-3.866, 0))	+	(0 + max(-4.241, 0)) )	/	2 )
=	-1.14	/	( ( 0	+	0 )	/	2 )
=	-1.14	/	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	+	0.073)	-	(3.94	+	0	+	-0.00099999999999945)
=	-3.866

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.04)	-	(4.281	+	0	+	0)
=	-4.241

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.559	/	57.373
	=	-0.97 %

Broad Capital Acquisition EBIT Related Terms

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Broad Capital Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Broad Capital Acquisition Corp (NAS:BRAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

5345 Annabel Lane, Plano, TX, USA, 75093

Website

Broad Capital Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Teck-yong Heng	director	NANSHAN DISTRICT #12 KEFA ROAD, DACHONG, CHENGSHIHUAYUAN BLOCK 5, UNIT #38D, GUANGDONG PROVINCE, SHENZHEN F4 518057
Johann Y Tse	director, officer: Chief Executive Officer	5345 ANNABEL LANE, PLANO TX 75093
Rongrong Jiang	director, officer: Chief Financial Officer	235 TENAFLY RD, TENAFLY NJ 07670
Trimmer Jeffrey Wayne Sr	director	7601 JOHN MCCAIN ROAD, COLLEYVILLE TX 76034
Keith Ryan Adams	director	235 TENAFLY RD, TENAFLY NJ 07670
Nicolas Shao	director	6 CHAOYANG PARK SOUTH, PARK AVE. APTS., BLD. #3-11F, BEIJING F4 00000
Broad Capital Llc	10 percent owner	5345 ANNABEL LANE, PLANO TX 75093