BYTSU (BYTE Acquisition) EBIT : $-3.87 Mil (TTM As of Sep. 2023)

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What is BYTE Acquisition EBIT?

BYTE Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BYTE Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -12.57%. BYTE Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

BYTE Acquisition EBIT Historical Data

The historical data trend for BYTE 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.

BYTE Acquisition EBIT Chart

BYTE Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-1.02

-1.40

BYTE Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial						-0.27	-0.49	-0.68	-1.91	-0.80

Competitive Comparison of BYTE Acquisition's EBIT

For the Shell Companies subindustry, BYTE 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.

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

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

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

BYTE 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.87 Mil.

BYTE Acquisition (NAS:BYTSU) EBIT Explanation

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

BYTE Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-3.188 * ( 1 - 0% )	/	( (25.212	+	25.505)	/ 2 )
=	-3.188	/	25.3585
=	-12.57 %

where

	Invested Capital		(Q: Jun. 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	))
=	25.202	-	2.2	-	( 0.214	-	max(0, 2.464	-	0.254	+	0.214	))
=	25.212

	Invested Capital		(Q: Sep. 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	))
=	25.294	-	2.817	-	( 0.019	-	max(0, 3.067	-	0.039	+	0.019	))
=	25.505

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

BYTE Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.188	/	( ( (0 + max(-2.424, 0))	+	(0 + max(-3.047, 0)) )	/	2 )
=	-3.188	/	( ( 0	+	0 )	/	2 )
=	-3.188	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.04)	-	(2.2	+	0	+	0.264)
=	-2.424

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.02)	-	(2.817	+	0	+	0.25)
=	-3.047

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-3.872	/	0.000
	=	%

BYTE Acquisition EBIT Related Terms

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BYTE Acquisition Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, 9th Floor, New York, NY, USA, 10022

Website

https://www.bytespac.com

BYTE Acquisition Corp is a blank check company.

Executives

Vadim Komissarov	director	77 WATER STREET, 8TH FLOOR, NEW YORK NY 10005
Louis Lebedin	director	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Danny Yamin	director, officer: Chief Executive Officer	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Samuel Gloor	officer: Chief Financial Officer	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Oded Melamed	director	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Kobi Rozengarten	director, other: Executive Chairman	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Byte Holdings Lp	10 percent owner, other: *Director by Deputization	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Byte Holdings Gp Corp.	10 percent owner	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022