GXGXW (GX Acquisition) EBIT : $-6.03 Mil (TTM As of Mar. 2021)

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What is GX Acquisition EBIT?

GX Acquisition's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2021 was $-2.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2021 was $-6.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GX Acquisition's annualized ROC % for the quarter that ended in Mar. 2021 was -0.70%. GX Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was %.

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

GX Acquisition EBIT Historical Data

The historical data trend for GX 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.

GX Acquisition EBIT Chart

GX Acquisition Annual Data

Trend

Dec18

Dec19

Dec20

EBIT

-1.68

-4.22

GX Acquisition Semi-Annual Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
EBIT	Get a 7-Day Free Trial				-0.24	-0.21	-0.21	-3.56	-2.05

Competitive Comparison of GX Acquisition's EBIT

For the Shell Companies subindustry, GX 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.

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

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

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

GX 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2021 was $-6.03 Mil.

GX Acquisition (NAS:GXGXW) EBIT Explanation

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

GX Acquisition's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

	ROC % (Q: Mar. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Mar. 2021 ))	/ count )
=	-2.05 * ( 1 - -0.12% )	/	( (291.797	+	291.948)	/ 2 )
=	-2.05246	/	291.8725
=	-0.70 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	292.156	-	3.41	-	( 0.315	-	max(0, 3.41	-	0.359	+	0.315	))
=	291.797

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	291.928	-	5.04	-	( 0.029	-	max(0, 5.16	-	0.1	+	0.029	))
=	291.948

Note: The Operating Income data used here is one times the annual (Mar. 2021) data.

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

GX Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Mar. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.05	/	( ( (0 + max(-3.366, 0))	+	(0 + max(-4.969, 0)) )	/	2 )
=	-2.05	/	( ( 0	+	0 )	/	2 )
=	-2.05	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.044)	-	(3.41	+	0	+	0)
=	-3.366

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.071)	-	(5.04	+	0	+	0)
=	-4.969

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2021 )
	=	-6.028	/	0.000
	=	%

GX Acquisition EBIT Related Terms

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