Cascadia Acquisition (Cascadia Acquisition) EBIT : $-2.20 Mil (TTM As of Mar. 2023)

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What is Cascadia Acquisition EBIT?

Cascadia Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-1.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-2.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cascadia Acquisition's annualized ROC % for the quarter that ended in Mar. 2023 was -10.13%. Cascadia Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was %.

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

Cascadia Acquisition EBIT Historical Data

The historical data trend for Cascadia 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.

Cascadia Acquisition EBIT Chart

Cascadia Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-1.22

Cascadia Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial				1.77	-0.25	-0.29	-0.34	-1.32

Competitive Comparison of Cascadia Acquisition's EBIT

For the Shell Companies subindustry, Cascadia 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.

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

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

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

Cascadia 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.20 Mil.

Cascadia Acquisition (NAS:CCAIW) EBIT Explanation

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

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

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-6.512 * ( 1 - -21.32% )	/	( (151.773	+	4.213)	/ 2 )
=	-7.9003584	/	77.993
=	-10.13 %

where

	Invested Capital		(Q: Dec. 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	))
=	152.393	-	0.821	-	( 0.329	-	max(0, 0.821	-	0.62	+	0.329	))
=	151.773

	Invested Capital		(Q: Mar. 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	))
=	4.714	-	2.427	-	( 0.535	-	max(0, 2.649	-	0.723	+	0.535	))
=	4.213

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.264	/	( ( (0 + max(-0.53, 0))	+	(0 + max(-2.239, 0)) )	/	2 )
=	-5.264	/	( ( 0	+	0 )	/	2 )
=	-5.264	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.291)	-	(0.821	+	0	+	0)
=	-0.53

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.188)	-	(2.427	+	0	+	0)
=	-2.239

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-2.202	/	0.000
	=	%

Cascadia Acquisition EBIT Related Terms

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Cascadia Acquisition (Cascadia Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 2nd Avenue, Suite 1200, Seattle, WA, USA, 98104

Website

https://www.cascadiaacquisitioncorp.com

Cascadia Acquisition Corp is a blank check company.

Cascadia Acquisition (Cascadia Acquisition) Headlines

From GuruFocus

Cascadia Acquisition Corp. Announces Postponement of Special Meeting Date

By Business Wire Business Wire • 02-14-2023

RealWear, Inc. has entered into an agreement to become a publicly traded company via a business combination transaction with Cascadia Acquisition Corp.

By Business Wire Business Wire • 02-06-2023