ENFAW (890 5th Avenue Partners) EBIT: $ Mil (TTM As of Oct. 2020)

What is 890 5th Avenue Partners EBIT?

890 5th Avenue Partners ENFAW EBIT is $ Mil as of Oct. 2020.

890 5th Avenue Partners's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2020 was $0.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 890 5th Avenue Partners's annualized ROC % for the quarter that ended in Oct. 2020 was 0.00%. 890 5th Avenue Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2020 was %.

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

890 5th Avenue Partners (NAS:ENFAW) EBIT Explanation

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

890 5th Avenue Partners's annualized ROC % for the quarter that ended in Oct. 2020 is calculated as:

	ROC % (Q: Oct. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2020 )	+	Invested Capital (Q: Oct. 2020 ))	/ count )
=	0 * ( 1 - % )	/	( (0.115	+	0.115)	/ 2 )
=	0	/	0.115
=	0.00 %

where

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	0.14	-	0.125	-	( 0.025	-	max(0, 0.125	-	0.025	+	0.025	))
=	0.115

	Invested Capital		(Q: Oct. 2020 )
=	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	))
=	0.14	-	0.125	-	( 0.025	-	max(0, 0.125	-	0.025	+	0.025	))
=	0.115

Note: The Operating Income data used here is one times the annual (Oct. 2020) data.

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

890 5th Avenue Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2020		Q: Oct. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0 + max(-0.125, 0))	+	(0 + max(-0.125, 0)) )	/	2 )
=	0	/	( ( 0	+	0 )	/	2 )
=	0	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.125	+	0	+	0)
=	-0.125

	Working Capital		(Q: Oct. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.125	+	0	+	0)
=	-0.125

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Oct. 2020) EBIT data.

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

890 5th Avenue Partners's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2020 )
	=		/	0.000
	=	%

* 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.

890 5th Avenue Partners EBIT Related Terms

890 5th Avenue Partners EBIT Historical Data

* Premium members only.

The historical data trend for 890 5th Avenue Partners's EBIT can be seen below:

890 5th Avenue Partners EBIT Chart

890 5th Avenue Partners Annual Data

Trend

Dec20

EBIT

0.00

890 5th Avenue Partners Semi-Annual Data
	Sep20	Oct20	Dec20
EBIT	0.00	0.00	0.00

ENFAW vs : EBIT Comparison

For the Shell Companies subindustry, 890 5th Avenue Partners'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.

890 5th Avenue Partners EV-to-EBIT vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 890 5th Avenue Partners's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 890 5th Avenue Partners's EV-to-EBIT falls into.

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890 5th Avenue Partners 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 Oct. 2020 was $ Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $ Mil mean?

890 5th Avenue Partners (ENFAW) has a EBIT of $ Mil as of Oct. 2020. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on 890 5th Avenue Partners.

Is 890 5th Avenue Partners' EBIT too high?

890 5th Avenue Partners' current EBIT is $ Mil.

How does 890 5th Avenue Partners' EBIT compare to ?

890 5th Avenue Partners' EBIT of $ Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Diversified Financial Services company?

A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on 890 5th Avenue Partners. 890 5th Avenue Partners's current EBIT is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is 890 5th Avenue Partners stock overvalued right now?

890 5th Avenue Partners (ENFAW) has a current EBIT of $ Mil. The current EBIT is $ Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For 890 5th Avenue Partners (ENFAW), the current EBIT is $ Mil as of Oct. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

890 5th Avenue Partners Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies

Address 14 Elm Place, Suite 206, Rye, NY, USA, 10580

Website https://www.890fifthavenue.com

890 5th Avenue Partners Inc is a blank check company.