byNordic Acquisition (byNordic Acquisition) EBIT : $-1.31 Mil (TTM As of Mar. 2024)

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What is byNordic Acquisition EBIT?

byNordic Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.31 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. byNordic Acquisition's annualized ROC % for the quarter that ended in Mar. 2024 was -1.43%. byNordic Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. byNordic Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.11%.

byNordic Acquisition EBIT Historical Data

The historical data trend for byNordic 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.

byNordic Acquisition EBIT Chart

byNordic Acquisition Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-0.07

-1.11

-1.49

byNordic Acquisition Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												-0.52	-0.38	-0.43	-0.17	-0.33

Competitive Comparison of byNordic Acquisition's EBIT

For the Shell Companies subindustry, byNordic 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.

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

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

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

byNordic 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.31 Mil.

byNordic Acquisition (NAS:BYNO) EBIT Explanation

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

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

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-1.324 * ( 1 - 51.53% )	/	( (44.488	+	45.157)	/ 2 )
=	-0.6417428	/	44.8225
=	-1.43 %

where

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	41.858	-	1.692	-	( 2.307	-	max(0, 6.664	-	2.342	+	2.307	))
=	44.488

	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	))
=	42.159	-	1.935	-	( 1.881	-	max(0, 6.87	-	1.937	+	1.881	))
=	45.157

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.324	/	( ( (0 + max(-1.694, 0))	+	(0 + max(-1.879, 0)) )	/	2 )
=	-1.324	/	( ( 0	+	0 )	/	2 )
=	-1.324	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.035)	-	(1.692	+	0.037	+	0)
=	-1.694

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.056)	-	(1.935	+	0	+	8.8817841970013E-16)
=	-1.879

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-1.31	/	118.046
	=	-1.11 %

byNordic Acquisition EBIT Related Terms

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byNordic Acquisition (byNordic Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pir 29, Einar Hansens Esplanad 29, Malmo, SWE, 211 13

Website

byNordic Acquisition Corp is a blank check company.

Executives

Mizuho Securities Usa Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Mizuho Americas Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Thomas L Fairfield	officer: CFO, COO and Secretary	C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104
Steven M Wasserman	director	328 WEST 77TH STREET, NEW YORK NY 10024
Mats Karlsson	officer: Director of Acquisition	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Michael Hermansson	officer: Chief Executive Officer	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Anna Yukiko Bickenbach	director	EINAR HANSENS ESPLANAD 29, MALAMO V7 21113
Christian Merheim	officer: Director of Technology	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Water By Nordic Ab	10 percent owner	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Jonas Olsson	director, officer: Chairman of the Board	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Anders Norlin	director	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Alexander Bigge Lidgren	officer: Director of Marketing	EINAR HANSENS ESPLANAD 29, MALMO V7 21113
Elmberg Fredrik Jan Thure	director	REINBEKER WEG 51, D-21029, HAMBURG 2M 00000