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Forum Merger IV (Forum Merger IV) EBIT : $-3.27 Mil (TTM As of Mar. 2023)


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What is Forum Merger IV EBIT?

Forum Merger IV's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-1.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-3.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forum Merger IV's annualized ROC % for the quarter that ended in Mar. 2023 was -0.20%. Forum Merger IV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was %.

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

Forum Merger IV EBIT Historical Data

The historical data trend for Forum Merger IV'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.

Forum Merger IV EBIT Chart

Forum Merger IV Annual Data
Trend Dec21 Dec22
EBIT
-1.89 -3.06

Forum Merger IV Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
EBIT Get a 7-Day Free Trial Premium Member Only -0.97 -0.63 -0.89 -0.57 -1.18

Competitive Comparison of Forum Merger IV's EBIT

For the Shell Companies subindustry, Forum Merger IV'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.

Forum Merger IV's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Forum Merger IV's EV-to-EBIT falls into.


Forum Merger IV 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.27 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.

Forum Merger IV  (NAS:FMIVU) EBIT Explanation

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

Forum Merger IV's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-4.708 * ( 1 - 91.6% )/( (340.048 + 64.993)/ 2 )
=-0.395472/202.5205
=-0.20 %

where

Invested Capital(Q: Dec. 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))
=340.19 - 2.424 - ( 0.054 - max(0, 2.424 - 0.142+0.054))
=340.048

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))
=66.957 - 4.045 - ( 1.964 - max(0, 4.045 - 1.964+1.964))
=64.993

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

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

Forum Merger IV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.708/( ( (0 + max(-2.336, 0)) + (0 + max(-4.045, 0)) )/ 2 )
=-4.708/( ( 0 + 0 )/ 2 )
=-4.708/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.088) - (2.424 + 0 + 0)
=-2.336

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (4.045 + 0 + 0)
=-4.045

When net working capital is negative, 0 is used.

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

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

Forum Merger IV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-3.267/0.000
= %

* 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.

Forum Merger IV EBIT Related Terms

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Forum Merger IV (Forum Merger IV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Forum Merger IV Corp (NAS:FMIVU) » Definitions » EBIT
Comparable Companies
ZT NAAC TIOA NFYS RXRA LEGA ACRO MACC ACAH TRTL GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1615 South Congress Avenue, Suite 103, Delray Beach, FL, USA, 33445
Website
https://www.forummerger.com
Forum Merger IV Corp is a blank check company.
Executives
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Bofa Securities, Inc. 10 percent owner 100 N TRYON ST, NC1-007-14-30, CHARLOTTE NC 28255
Steven Berns director TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
David Boris director, 10 percent owner, officer: Co-CEO, CFO C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Marshall Kiev director, 10 percent owner, officer: Co-CEO, President 135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Richard Katzman director KAZ INC, 1775 BROADWAY SUITE 2405, NEW YORK NY 10019
Neil Goldberg director 135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Tory Kiam director 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445
Forum Capital Management Iv Llc director, 10 percent owner 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445
Forum Investors Iv Llc director, 10 percent owner, other: *Director by Deputization 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445