FVTAW (Fortress Value Acquisition III) EBIT: $-1.33 Mil (TTM As of Sep. 2022)


FVTAW Fortress Value Acquisition Corp III FVTAW
22 GF Score
Price $0.04
! 1 Warning Sign
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What is Fortress Value Acquisition III EBIT?

Fortress Value Acquisition III FVTAW 22 EBIT is $-1.33 Mil as of Sep. 2022. GuruFocus rates FVTAW with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

Fortress Value Acquisition III's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortress Value Acquisition III's annualized ROC % for the quarter that ended in Sep. 2022 was -0.55%. Fortress Value Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

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

Fortress Value Acquisition III  (OTCPK:FVTAW) EBIT Explanation

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

Fortress Value Acquisition III'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 )
=-1.308 * ( 1 - 3.1% )/( (231.352 + 232.232)/ 2 )
=-1.267452/231.792
=-0.55 %

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))
=230.636 - 2.672 - ( 0.133 - max(0, 3.767 - 0.379+0.133))
=231.352

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))
=231.43 - 2.742 - ( 0.203 - max(0, 3.897 - 0.353+0.203))
=232.232

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

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

Fortress Value Acquisition III'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 )
=-1.308/( ( (0 + max(-2.426, 0)) + (0 + max(-2.592, 0)) )/ 2 )
=-1.308/( ( 0 + 0 )/ 2 )
=-1.308/0
= %

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 + 0.246) - (2.672 + 0 + -4.4408920985006E-16)
=-2.426

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.15) - (2.742 + 0 + -4.4408920985006E-16)
=-2.592

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:

Fortress Value Acquisition III's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2022 )
=-1.332/0.000
= %

* 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.

Fortress Value Acquisition III EBIT Related Terms

Fortress Value Acquisition III EBIT Historical Data

* Premium members only.

The historical data trend for Fortress Value Acquisition III'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.

Fortress Value Acquisition III EBIT Chart

Fortress Value Acquisition III Annual Data
Trend Dec20 Dec21
EBIT
0.00 -5.39

Fortress Value Acquisition III Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
EBIT Get a 7-Day Free Trial Premium Member Only -0.36 -0.45 -0.30 -0.26 -0.33

FVTAW vs TMAC, SHAC, TRIS: EBIT Comparison

For the Shell Companies subindustry, Fortress Value Acquisition III'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.

Fortress Value Acquisition III EV-to-EBIT vs Diversified Financial Services Industry

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

* The bar in red indicates where Fortress Value Acquisition III's EV-to-EBIT falls into.


FVTAW
22GF Score
Fortress Value Acquisition Corp III FVTAW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortress Value Acquisition III 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 $-1.33 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-1.33 Mil mean?
Fortress Value Acquisition III (FVTAW) has a EBIT of $-1.33 Mil as of Sep. 2022. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fortress Value Acquisition III.
Is Fortress Value Acquisition III's EBIT too high?
Fortress Value Acquisition III's current EBIT is $-1.33 Mil. Overall, Fortress Value Acquisition III has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Fortress Value Acquisition III's EBIT compare to TMAC and SHAC?
Fortress Value Acquisition III's EBIT of $-1.33 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 Fortress Value Acquisition III. Fortress Value Acquisition III's current EBIT is $-1.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Value Acquisition III stock overvalued right now?
Fortress Value Acquisition III (FVTAW) has a current EBIT of $-1.33 Mil. The current EBIT is $-1.33 Mil. Fortress Value Acquisition III's overall GF Score™ is 22/100 with 1 warning sign to review. 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 Fortress Value Acquisition III (FVTAW), the current EBIT is $-1.33 Mil as of Sep. 2022. 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.

Fortress Value Acquisition III Business Description

Address 1345 Avenue of the Americas, 46th Floor, New York, NY, USA, 10105
Fortress Value Acquisition Corp III is a blank check company.
22GF Score

Get the complete analysis for FVTAW

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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