SOAR Technology Acquisition (SOAR Technology Acquisition) EBIT : $-1.06 Mil (TTM As of Sep. 2022)

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What is SOAR Technology Acquisition EBIT?

SOAR Technology Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SOAR Technology Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 was -0.48%. SOAR Technology Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -7,889.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SOAR Technology Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -0.33%.

SOAR Technology Acquisition EBIT Historical Data

The historical data trend for SOAR Technology 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.

* Premium members only.

SOAR Technology Acquisition EBIT Chart

SOAR Technology Acquisition Annual Data

Trend

Dec21

EBIT

SOAR Technology Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial			-0.03	-	-0.36	-0.42	-0.29

Competitive Comparison of SOAR Technology Acquisition's EBIT

For the Shell Companies subindustry, SOAR Technology 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.

SOAR Technology Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

SOAR Technology 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.

EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.06 Mil.

SOAR Technology Acquisition (NYSE:FLYA) EBIT Explanation

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

SOAR Technology Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-1.144 * ( 1 - 0% )	/	( (237.391	+	238.458)	/ 2 )
=	-1.144	/	237.9245
=	-0.48 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	239.063	-	0.527	-	( 1.298	-	max(0, 0.527	-	1.672	+	1.298	))
=	237.391

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	239.678	-	0.312	-	( 0.908	-	max(0, 0.312	-	1.249	+	0.908	))
=	238.458

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

SOAR Technology Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.144	/	( ( (0 + max(-0.153, 0))	+	(0 + max(0.029, 0)) )	/	2 )
=	-1.144	/	( ( 0	+	0.029 )	/	2 )
=	-1.144	/	0.0145
=	-7,889.66 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.374)	-	(0.527	+	0	+	0)
=	-0.153

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.341)	-	(0.312	+	0	+	0)
=	0.029

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-1.064	/	317.634
	=	-0.33 %

SOAR Technology Acquisition EBIT Related Terms

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SOAR Technology Acquisition (SOAR Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SOAR Technology Acquisition Corp (NYSE:FLYA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

228 Park Avenue S, PMB 74335, New York, NY, USA, 10003

Website

https://www.soartechnologyacq.com

SOAR Technology Acquisition Corp is a blank check company.

Executives

Peter M Kern	director	C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Patrick Pichette	director	2660 BAY MEADOW, ST LAZARE, QUEBEC CANADA A8 00000
Vicky Bathija	officer: See Remarks	2000 PONCE DE LEON BLVD., SUITE 500, CORAL GABLES FL 33134
Mark J Coleman	officer: See Remarks	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Soar Technology Sponsor, Lp	10 percent owner	228 PARK AVE S PMB 74335, NEW YORK NY 10003-1502
Jpk Seed Capital, Llc	10 percent owner	228 PARK AVENUE S PMB 99312, NEW YORK NY 10003-1502
Joe Poulin	director, 10 percent owner, officer: Chief Executive Officer	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Martha J Tredgett	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Chris Arsenault	director	405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Greg W. Greeley	director	C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174

SOAR Technology Acquisition (SOAR Technology Acquisition) Headlines

From GuruFocus

SOAR Technology Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing November 8, 2021

By Business Wire Business Wire • 11-06-2021

SOAR Technology Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

By Business Wire Business Wire • 09-20-2021

SOAR Technology Acquisition Corp. Intends to Extend Period to Consummate Initial Business Combination

By Business Wire Business Wire • 12-01-2022

SOAR Technology Acquisition Corp. Announces Liquidation

By Business Wire Business Wire • 12-20-2022