DFNS.WS (LGL Systems Acquisition) EBIT : $-2.73 Mil (TTM As of Jun. 2021)

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What is LGL Systems Acquisition EBIT?

LGL Systems Acquisition's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2021 was $-1.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $-2.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LGL Systems Acquisition's annualized ROC % for the quarter that ended in Jun. 2021 was -0.74%. LGL Systems Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was %.

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

LGL Systems Acquisition EBIT Historical Data

The historical data trend for LGL Systems 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.

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LGL Systems Acquisition EBIT Chart

LGL Systems Acquisition Annual Data

Trend

Dec19

Dec20

EBIT

-0.63

LGL Systems Acquisition Semi-Annual Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
EBIT	Get a 7-Day Free Trial				-0.14	-0.15	-0.17	-1.13	-1.28

Competitive Comparison of LGL Systems Acquisition's EBIT

For the Shell Companies subindustry, LGL Systems 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.

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

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

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

LGL Systems 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $-2.73 Mil.

LGL Systems Acquisition (NYSE:DFNS.WS) EBIT Explanation

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

LGL Systems Acquisition's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2021 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	-1.278 * ( 1 - -0.56% )	/	( (173.156	+	173.025)	/ 2 )
=	-1.2851568	/	173.0905
=	-0.74 %

where

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	173.888	-	1.136	-	( 0.659	-	max(0, 1.136	-	0.732	+	0.659	))
=	173.156

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	173.54	-	2.118	-	( 0.471	-	max(0, 2.118	-	0.515	+	0.471	))
=	173.025

Note: The Operating Income data used here is one times the annual (Jun. 2021) data.

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

LGL Systems Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2021		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.278	/	( ( (0 + max(-1.063, 0))	+	(0 + max(-2.074, 0)) )	/	2 )
=	-1.278	/	( ( 0	+	0 )	/	2 )
=	-1.278	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.073)	-	(1.136	+	0	+	0)
=	-1.063

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.044)	-	(2.118	+	0	+	0)
=	-2.074

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2021 )
	=	-2.727	/	0.000
	=	%

LGL Systems Acquisition EBIT Related Terms

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