Frontier Investment (Frontier Investment) EBIT : $-1.42 Mil (TTM As of Sep. 2023)

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What is Frontier Investment EBIT?

Frontier Investment's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Frontier Investment's annualized ROC % for the quarter that ended in Sep. 2023 was -1.66%. Frontier Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Frontier Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1.72%.

Frontier Investment EBIT Historical Data

The historical data trend for Frontier Investment'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.

Frontier Investment EBIT Chart

Frontier Investment Annual Data

Trend

Dec21

Dec22

EBIT

-3.15

Frontier Investment Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial						-0.35	-0.21	-0.41	-0.31	-0.49

Competitive Comparison of Frontier Investment's EBIT

For the Shell Companies subindustry, Frontier Investment'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.

Frontier Investment's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Frontier Investment's EV-to-EBIT falls into.

Frontier Investment 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.42 Mil.

Frontier Investment (NAS:FICV) EBIT Explanation

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

Frontier Investment's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-1.968 * ( 1 - 0% )	/	( (207.489	+	29.395)	/ 2 )
=	-1.968	/	118.442
=	-1.66 %

where

	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	))
=	207.844	-	182.206	-	( 0.205	-	max(0, 182.206	-	0.355	+	0.205	))
=	207.489

	Invested Capital		(Q: Sep. 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	))
=	29.492	-	3.268	-	( 0.368	-	max(0, 3.651	-	0.48	+	0.368	))
=	29.395

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

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

Frontier Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.968	/	( ( (0 + max(-182.056, 0))	+	(0 + max(-3.156, 0)) )	/	2 )
=	-1.968	/	( ( 0	+	0 )	/	2 )
=	-1.968	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.15)	-	(182.206	+	0	+	0)
=	-182.056

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.112)	-	(3.268	+	0	+	0)
=	-3.156

When net working capital is negative, 0 is used.

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

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

Frontier Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-1.421	/	82.843
	=	-1.72 %

Frontier Investment EBIT Related Terms

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Frontier Investment (Frontier Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Frontier Investment Corp (NAS:FICV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

7G8:Germany

Address

3411 Silverside Road, Tatnall Building Number 104, Wilmington, DE, USA, 19810

Website

Frontier Investment Corp is a blank check company.

Executives

Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540
Arif Mansuri	officer: CFO	PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Kiame Julie Abraham	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-11
Iyad Malas	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-11
Disruption Capital Frontier	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-11
Asar Mashkoor	director, officer: Chairman and CEO	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-11
Gavin Teo	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-11