Golden Falcon Acquisition (Golden Falcon Acquisition) EBIT : $-3.69 Mil (TTM As of Mar. 2023)

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What is Golden Falcon Acquisition EBIT?

Golden Falcon Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-1.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-3.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Golden Falcon Acquisition's annualized ROC % for the quarter that ended in Mar. 2023 was -11.39%. Golden Falcon Acquisition'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. Golden Falcon Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -2.80%.

Golden Falcon Acquisition EBIT Historical Data

The historical data trend for Golden Falcon 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.

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Golden Falcon Acquisition EBIT Chart

Golden Falcon Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-1.83

-2.89

Golden Falcon Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial						-0.39	-0.49	-0.83	-1.18	-1.19

Competitive Comparison of Golden Falcon Acquisition's EBIT

For the Shell Companies subindustry, Golden Falcon 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.

Golden Falcon Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Golden Falcon 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.69 Mil.

Golden Falcon Acquisition (NYSE:GFX) EBIT Explanation

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

Golden Falcon Acquisition'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 )
=	-4.752 * ( 1 - -2.46% )	/	( (42.564	+	42.94)	/ 2 )
=	-4.8688992	/	42.752
=	-11.39 %

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	))
=	42.679	-	2.541	-	( 0.024	-	max(0, 2.541	-	0.115	+	0.024	))
=	42.564

	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	))
=	43.158	-	3.522	-	( 0.104	-	max(0, 3.522	-	0.218	+	0.104	))
=	42.94

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

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

Golden Falcon Acquisition'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 )
=	-4.752	/	( ( (0 + max(-2.45, 0))	+	(0 + max(-3.408, 0)) )	/	2 )
=	-4.752	/	( ( 0	+	0 )	/	2 )
=	-4.752	/	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	+	0.091)	-	(2.541	+	0	+	0)
=	-2.45

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.114)	-	(3.522	+	0	+	0)
=	-3.408

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-3.694	/	131.897
	=	-2.80 %

Golden Falcon Acquisition EBIT Related Terms

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Golden Falcon Acquisition (Golden Falcon Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Golden Falcon Acquisition Corp (NYSE:GFX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

850 Library Avenue, Suite 204, Newark, DE, USA, 19711

Website

https://www.goldenfalconcorp.com

Golden Falcon Acquisition Corp is a blank check company.

Executives

Falcon Edge Capital, Lp	10 percent owner	667 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
Rick Matthew Gerson	10 percent owner	70 GREENE STREET, APT. PH, NEW YORK NY 10012
Martin Pompadur	director
Scott J Freidheim	director	1717 ARCH STREET, 35TH FLOOR, PHILADELPHIA PA 19103
Eli Muraidekh	director, officer: Chief Financial Officer	C/O GOLDEN FALCON ACQUISITION CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711
Basnage De Beauval John M.	officer: General Counsel and Secretary	C/O GOLDEN FALCON ACQUISITION CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711
Xavier R. Rolet	director	C/O GOLDEN FALCON ACQUISITION CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711
Mikael Breuer-weil	director	C/O GOLDEN FALCON ACQUISITION CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711
Dominique D'hinnin	director	C/O GOLDEN FALCON ACQUISITION CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711
Isabelle Amiel Azoulai	director	C/O GOLDEN FALCON ACQUISITION CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711
Golden Falcon Sponsor Group, Llc	10 percent owner	850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711
Makram Azar	director, officer: Chief Executive Officer	C/O GOLDEN FALCON ACQUISITION CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19711