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Fintech Ecosystem Development (Fintech Ecosystem Development) EBIT : $-0.93 Mil (TTM As of Jun. 2023)


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What is Fintech Ecosystem Development EBIT?

Fintech Ecosystem Development's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fintech Ecosystem Development's annualized ROC % for the quarter that ended in Jun. 2023 was -11.50%. Fintech Ecosystem Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fintech Ecosystem Development's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1.16%.

Fintech Ecosystem Development EBIT Historical Data

The historical data trend for Fintech Ecosystem Development'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.

Fintech Ecosystem Development EBIT Chart

Fintech Ecosystem Development Annual Data
Trend Dec21 Dec22
EBIT
- -2.03

Fintech Ecosystem Development Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 -0.88 -0.62 0.96 -0.39

Competitive Comparison of Fintech Ecosystem Development's EBIT

For the Shell Companies subindustry, Fintech Ecosystem Development'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.

Fintech Ecosystem Development's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Fintech Ecosystem Development's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fintech Ecosystem Development's EV-to-EBIT falls into.


Fintech Ecosystem Development 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.93 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.

Fintech Ecosystem Development  (NAS:FEXD) EBIT Explanation

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

Fintech Ecosystem Development's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-6.668 * ( 1 - -42.47% )/( (121.897 + 43.29)/ 2 )
=-9.4998996/82.5935
=-11.50 %

where

Invested Capital(Q: Mar. 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))
=121.275 - 1.844 - ( 0.012 - max(0, 2.514 - 0.048+0.012))
=121.897

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))
=42.624 - 3.08 - ( 0.001 - max(0, 3.787 - 0.041+0.001))
=43.29

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

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

Fintech Ecosystem Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.556/( ( (0 + max(-1.808, 0)) + (0 + max(-3.04, 0)) )/ 2 )
=-1.556/( ( 0 + 0 )/ 2 )
=-1.556/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.036) - (1.844 + 0 + -4.4408920985006E-16)
=-1.808

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.04) - (3.08 + 0 + 0)
=-3.04

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Fintech Ecosystem Development's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-0.927/80.132
=-1.16 %

* 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.

Fintech Ecosystem Development EBIT Related Terms

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Fintech Ecosystem Development (Fintech Ecosystem Development) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fintech Ecosystem Development Corp (NAS:FEXD) » Definitions » EBIT
Comparable Companies
FRLA INAQ TETE LIVB TRON KVSA OXUS SGII VHAQ GBBK PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
100 Springhouse Drive, Suite 204, Collegeville, PA, USA, 19426
Website
https://www.fintechecosys.com
Fintech Ecosystem Development Corp is a newly organized blank check company.
Executives
Mizuho Securities Usa Llc 10 percent owner 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Mizuho Americas Llc 10 percent owner 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Robin Sue Meister director FINTECH ECOSYSTEM DEVELOPMENT CORP., 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Jenny Junkeer officer: Chief Financial Officer 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Revofast Llc 10 percent owner 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19420
Mubasshir Karim director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Saiful Khandaker officer: Chief Executive Officer 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Lynn Perkins director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426
Michael Stanley Tomczyk director 100 SPRINGHOUSE DRIVE, SUITE 204, COLLEGEVILLE PA 19426