Chenghe Acquisition Co (Chenghe Acquisition Co) EBIT : $-2.42 Mil (TTM As of Sep. 2023)

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What is Chenghe Acquisition Co EBIT?

Chenghe Acquisition Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-1.40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-2.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chenghe Acquisition Co's annualized ROC % for the quarter that ended in Sep. 2023 was -5.23%. Chenghe Acquisition Co'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. Chenghe Acquisition Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -3.85%.

Chenghe Acquisition Co EBIT Historical Data

The historical data trend for Chenghe Acquisition Co'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.

Chenghe Acquisition Co EBIT Chart

Chenghe Acquisition Co Annual Data

Trend

Dec21

Dec22

EBIT

-0.65

Chenghe Acquisition Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial						-0.25	-0.21	-0.24	-0.57	-1.40

Competitive Comparison of Chenghe Acquisition Co's EBIT

For the Shell Companies subindustry, Chenghe Acquisition Co'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.

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

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

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

Chenghe Acquisition Co 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 $-2.42 Mil.

Chenghe Acquisition Co (NAS:CHEA) EBIT Explanation

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

Chenghe Acquisition Co'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 )
=	-5.604 * ( 1 - 0% )	/	( (122.728	+	91.521)	/ 2 )
=	-5.604	/	107.1245
=	-5.23 %

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	))
=	123.252	-	0.861	-	( 0.396	-	max(0, 0.861	-	0.524	+	0.396	))
=	122.728

	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	))
=	91.651	-	2.067	-	( 0.186	-	max(0, 2.167	-	0.23	+	0.186	))
=	91.521

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

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

Chenghe Acquisition Co'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 )
=	-5.604	/	( ( (0 + max(-0.733, 0))	+	(0 + max(-2.023, 0)) )	/	2 )
=	-5.604	/	( ( 0	+	0 )	/	2 )
=	-5.604	/	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	+	0.128)	-	(0.861	+	0	+	0)
=	-0.733

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.044)	-	(2.067	+	0	+	-4.4408920985006E-16)
=	-2.023

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-2.424	/	63.039
	=	-3.85 %

Chenghe Acquisition Co EBIT Related Terms

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Chenghe Acquisition Co (Chenghe Acquisition Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chenghe Acquisition Co (NAS:CHEA) » Definitions » EBIT

Comparable Companies

HCMA ALCY HHLA LHC MBAC NSTC VCXB BCSA LCW GAQ PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Traded in Other Exchanges

N/A

Address

38 Beach Road No.29-11, South Beach Tower, Singapore, SGP, 189767

Website

Chenghe Acquisition Co is a newly incorporated blank check formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses.

Executives

Robert D Ewing	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Qi Li	director, 10 percent owner	C/O SAPPHIRE QI LI, ONE EXCHANGE SQUARE, 8 CONNAUGHT PLACE SUITE 3508, CENTRAL K3 00000
Chenghe Investment Co.	director, 10 percent owner	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 00000
Zhiyang Zhou	officer: Chief Financial Officer	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 00000
Shibin Wang	director, officer: Chief Executive Officer	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 00000
Kwan Sun	director	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 999077
Ning Ma	director	4/F, ST. JOHN'S BUILDING, 33 GARDEN ROAD, CENTRAL K3 999077

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