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Clover Leaf Capital (Clover Leaf Capital) EBIT : $-2.00 Mil (TTM As of Mar. 2024)


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What is Clover Leaf Capital EBIT?

Clover Leaf Capital's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clover Leaf Capital's annualized ROC % for the quarter that ended in Mar. 2024 was -11.12%. Clover Leaf Capital'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. Clover Leaf Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -2.83%.

Clover Leaf Capital EBIT Historical Data

The historical data trend for Clover Leaf Capital'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.

Clover Leaf Capital EBIT Chart

Clover Leaf Capital Annual Data
Trend Dec21 Dec22 Dec23
EBIT
- -1.29 -1.59

Clover Leaf Capital Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.19 -0.71 -0.47 -0.37 -0.45

Competitive Comparison of Clover Leaf Capital's EBIT

For the Shell Companies subindustry, Clover Leaf Capital'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.

Clover Leaf Capital's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Clover Leaf Capital's EV-to-EBIT falls into.


Clover Leaf Capital 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 $-2.00 Mil.

* 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.

Clover Leaf Capital  (NAS:CLOE) EBIT Explanation

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

Clover Leaf Capital'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 )
=-1.804 * ( 1 - -8.54% )/( (18.491 + 16.727)/ 2 )
=-1.9580616/17.609
=-11.12 %

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))
=14.934 - 0.996 - ( 0.163 - max(0, 4.838 - 0.285+0.163))
=18.491

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))
=12.708 - 1.215 - ( 0.006 - max(0, 5.353 - 0.119+0.006))
=16.727

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

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

Clover Leaf Capital'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 )
=-1.804/( ( (0 + max(-0.874, 0)) + (0 + max(-1.102, 0)) )/ 2 )
=-1.804/( ( 0 + 0 )/ 2 )
=-1.804/0
= %

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 + 0.122) - (0.996 + 0 + 0)
=-0.874

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.113) - (1.215 + 0 + 0)
=-1.102

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:

Clover Leaf Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-1.996/70.532
=-2.83 %

* 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.

Clover Leaf Capital EBIT Related Terms

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Clover Leaf Capital (Clover Leaf Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Clover Leaf Capital Corp (NAS:CLOE) » Definitions » EBIT
Comparable Companies
ACAC INTE KYCH WTMA MACA LBBB AFAR OLIT ASPA ROSE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
C/o Yntegra Capital Investments, LLC, 1450 Brickell Avenue, Suite 2520, Miami, FL, USA, 33131
Website
https://www.cloverlcc.com
Clover Leaf Capital Corp is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Atlas Merchant Capital Llc 10 percent owner 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Felipe Maclean director, 10 percent owner, officer: President and CEO C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Luis A. Guerra officer: CFO and Treasurer C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Chris Rebentisch officer: COO and Secretary C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Yntegra Capital Investments, Llc 10 percent owner C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Victor Manuel Rocha director C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Marcos Angelini director C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131
Per Bjorkman director C/O YNTEGRA CAPITAL INVESTMENTS, LLC, 1450 BRICKELL AVENUE, SUITE 2520, MIAMI FL 33131