G Squared Ascend I (G Squared Ascend I) EBIT : $-3.76 Mil (TTM As of Sep. 2022)

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What is G Squared Ascend I EBIT?

G Squared Ascend I's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-3.76 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. G Squared Ascend I's annualized ROC % for the quarter that ended in Sep. 2022 was -0.41%. G Squared Ascend I'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.

G Squared Ascend I EBIT Historical Data

The historical data trend for G Squared Ascend I'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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G Squared Ascend I EBIT Chart

G Squared Ascend I Annual Data

Trend

Dec20

Dec21

EBIT

-3.73

G Squared Ascend I Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial			-0.58	-2.22	-0.42	-0.76	-0.36

Competitive Comparison of G Squared Ascend I's EBIT

For the Shell Companies subindustry, G Squared Ascend I'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.

G Squared Ascend I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, G Squared Ascend I's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where G Squared Ascend I's EV-to-EBIT falls into.

G Squared Ascend I 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 $-3.76 Mil.

G Squared Ascend I (NYSE:GSQD.U) EBIT Explanation

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

G Squared Ascend I'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 )
=	-1.436 * ( 1 - 0% )	/	( (345.594	+	347.281)	/ 2 )
=	-1.436	/	346.4375
=	-0.41 %

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	))
=	346.151	-	2.535	-	( 0.004	-	max(0, 2.535	-	0.557	+	0.004	))
=	345.594

	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	))
=	347.603	-	2.659	-	( 0.004	-	max(0, 2.659	-	0.322	+	0.004	))
=	347.281

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

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

G Squared Ascend I'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 )
=	-1.436	/	( ( (0 + max(-1.982, 0))	+	(0 + max(-2.341, 0)) )	/	2 )
=	-1.436	/	( ( 0	+	0 )	/	2 )
=	-1.436	/	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	+	0.553)	-	(2.535	+	0	+	0)
=	-1.982

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.318)	-	(2.659	+	0	+	0)
=	-2.341

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:

G Squared Ascend I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-3.763	/	0.000
	=	%

G Squared Ascend I EBIT Related Terms

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G Squared Ascend I (G Squared Ascend I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » G Squared Ascend I Inc (NYSE:GSQD.U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 N Michigan Avenue, Suite 3770, Chicago, IL, USA, 60601

Website

https://www.gsquaredascend.com

G Squared Ascend I Inc is a blank check company.

Executives

Lauri M Shanahan	director	C/O THE GAP, INC., TWO FOLSOM STREET, SAN FRANCISCO CA 94105-1205
Thomas R Evans	director	11760 US HIGHWAY ONE, SUITE 200, NORTH PALM BEACH FL 33408
Larry Lee Aschebrook	director, 10 percent owner, officer: Chairman of the Board	205 N. MICHIGAN AVE., SUITE 3770, CHICAGO IL 60601
G Squared Ascend Management I Llc	10 percent owner	205 N MICHIGAN AVENUE, SUITE 3770, CHICAGO IL 60601
Thomas Hoban	10 percent owner, officer: Chief Financial Officer	C/O G SQUARED ASCENT MANAGEMENT I LLC, 205 N. MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Edward Iii Davis	director, 10 percent owner, officer: Chief Executive Officer	C/O G SQUARED ASCENT MANAGEMENT I LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Heather L. Hasson	director	C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601