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GX Acquisition II (GX Acquisition II) EBIT : $-7.36 Mil (TTM As of Dec. 2022)


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What is GX Acquisition II EBIT?

GX Acquisition II's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $-2.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $-7.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GX Acquisition II's annualized ROC % for the quarter that ended in Dec. 2022 was -2.96%. GX Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was %.

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


GX Acquisition II EBIT Historical Data

The historical data trend for GX Acquisition II'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 II EBIT Chart

GX Acquisition II Annual Data
Trend Dec20 Dec21 Dec22
EBIT
- -1.39 -7.36

GX Acquisition II Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
EBIT Get a 7-Day Free Trial Premium Member Only -0.60 -0.79 -0.41 -4.04 -2.12

Competitive Comparison of GX Acquisition II's EBIT

For the Shell Companies subindustry, GX Acquisition II'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 II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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



GX Acquisition II 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.36 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.


GX Acquisition II  (NAS:GXIIU) EBIT Explanation

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

GX Acquisition II's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

ROC % (Q: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=-8.496 * ( 1 - -5.14% )/( (300.912 + 303.413)/ 2 )
=-8.9326944/302.1625
=-2.96 %

where

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

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

GX Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2022  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-8.496/( ( (0 + max(-4.09, 0)) + (0 + max(-6.153, 0)) )/ 2 )
=-8.496/( ( 0 + 0 )/ 2 )
=-8.496/0
= %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.465) - (4.555 + 0 + 0)
=-4.09

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.108) - (6.261 + 0 + 0)
=-6.153

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2022 )
=-7.356/0.000
= %

* 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.


GX Acquisition II EBIT Related Terms

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GX Acquisition II (GX Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
1325 Avenue of the Americas, 28th Floor, New York, NY, USA, 10019
Website
GX Acquisition Corp II is a blank check company.
Executives
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Marc Mazur director 31 WEST 52ND ST. 17TH FLOOR, NEW YORK NY 10019
Dean C Kehler director, 10 percent owner, officer: Co-CEO and Co-Chairman C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017
Jay R Bloom director, 10 percent owner, officer: Co-CEO and Co-Chairman C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017
Andrea J. Kellett officer: Chief Financial Officer 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Michael G Maselli officer: President 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Hillel Weinberger director 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
James W Harpel director C/O PALM BEACH CAPITAL, 525 SOUTH FLAGLER DRIVE, SUITE 201, WEST PALM BEACH FL 33401
Gx Sponsor Ii Llc 10 percent owner 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Arthur D. Baer officer: Vice President 30 WEST 63RD. STREET, APT. #3J, NEW YORK NY 10023
Jordan S. Bloom officer: Vice President 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019