CHEB (Chenghe Acquisition II Co) EBIT : $ Mil (TTM As of Sep. 2024)

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What is Chenghe Acquisition II Co EBIT?

Chenghe Acquisition II Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-2.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chenghe Acquisition II Co's annualized ROC % for the quarter that ended in Sep. 2024 was -11.45%. Chenghe Acquisition II Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -104,757.89%.

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

Chenghe Acquisition II Co EBIT Historical Data

The historical data trend for Chenghe Acquisition II 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.

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Chenghe Acquisition II Co EBIT Chart

Chenghe Acquisition II Co Annual Data

Trend

EBIT

Chenghe Acquisition II Co Quarterly Data
	Feb24	May24	Sep24
EBIT	-	-	-2.49

Competitive Comparison of Chenghe Acquisition II Co's EBIT

For the Shell Companies subindustry, Chenghe Acquisition II 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 II Co's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Chenghe Acquisition II 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $ Mil.

Chenghe Acquisition II Co (AMEX:CHEB) EBIT Explanation

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

Chenghe Acquisition II Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-9.952 * ( 1 - 0% )	/	( (86.289	+	87.621)	/ 2 )
=	-9.952	/	86.955
=	-11.45 %

where

	Invested Capital		(Q: May. 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	))
=	87.111	-	0.013	-	( 0.809	-	max(0, 0.013	-	0.861	+	0.809	))
=	86.289

	Invested Capital		(Q: Sep. 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	))
=	88.048	-	2.484	-	( 0.29	-	max(0, 2.484	-	0.427	+	0.29	))
=	87.621

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

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

Chenghe Acquisition II Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.952	/	( ( (0 + max(0.019, 0))	+	(0 + max(-2.347, 0)) )	/	2 )
=	-9.952	/	( ( 0.019	+	0 )	/	2 )
=	-9.952	/	0.0095
=	-104,757.89 %

where Working Capital is:

	Working Capital		(Q: May. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.032)	-	(0.013	+	0	+	0)
=	0.019

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.137)	-	(2.484	+	0	+	0)
=	-2.347

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=		/	120.409
	=	%

Chenghe Acquisition II Co EBIT Related Terms

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