HAAC has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
HAAC has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Health Assurance Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-2.44 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Health Assurance Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.29%. Health Assurance Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Health Assurance Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -0.44%.
The historical data trend for Health Assurance 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.
Health Assurance Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
EBIT | - | -6.52 |
Health Assurance Acquisition Quarterly Data | ||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
EBIT | Get a 7-Day Free Trial | -1.24 | -0.65 | -0.78 | -0.63 | -0.38 |
For the Shell Companies subindustry, Health Assurance 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.
For the Diversified Financial Services industry and Financial Services sector, Health Assurance Acquisition's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Health Assurance Acquisition's EV-to-EBIT falls into.
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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.44 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.
Health Assurance Acquisition (NAS:HAAC) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Health Assurance Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:
ROC % (Q: Jun. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2022 ) | + | Invested Capital (Q: Jun. 2022 )) | / count ) |
= | -1.532 * ( 1 - 0.55% ) | / | ( (525.432 | + | 525.722) | / 2 ) |
= | -1.523574 | / | 525.577 | |||
= | -0.29 % |
where
Invested Capital | (Q: Mar. 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 | )) |
= | 526.392 | - | 2.734 | - | ( 0.438 | - | max(0, 2.734 | - | 0.96 | + | 0.438 | )) |
= | 525.432 |
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 | )) |
= | 526.294 | - | 2.78 | - | ( 0.256 | - | max(0, 2.78 | - | 0.572 | + | 0.256 | )) |
= | 525.722 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.
2. Joel Greenblatt's definition of Return on Capital:
Health Assurance Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2022 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2022 | Q: Jun. 2022 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -1.532 | / | ( ( (0 + max(-2.212, 0)) | + | (0 + max(-2.464, 0)) ) | / | 2 ) |
= | -1.532 | / | ( ( 0 | + | 0 ) | / | 2 ) |
= | -1.532 | / | 0 | ||||
= | % |
where Working Capital is:
Working Capital | (Q: Mar. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 0.522) | - | (2.734 | + | 0 | + | 0) |
= | -2.212 |
Working Capital | (Q: Jun. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 0.316) | - | (2.78 | + | 0 | + | 0) |
= | -2.464 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Health Assurance Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jun. 2022 ) |
= | -2.44 | / | 553.750 | |
= | -0.44 % |
* 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.
Thank you for viewing the detailed overview of Health Assurance Acquisition's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Atlas Merchant Capital Llc | 10 percent owner | 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022 |
Mark Joseph Allen | officer: Chief Financial Officer | 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138 |
Michelle A Brown | officer: Chief Financial Officer | C/O HEALTH ASSURANCE ACQUISITION CORP., 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138 |
Klasko Stephen K. M.d. | director | 155 SOUTH LIMERICK ROAD, LIMERICK PA 19468 |
Anita Pramoda | director | 222 MERCHANDISE MART PLAZA, SUITE 2024, CHICAGO IL 60654 |
Glen Tullman | director | C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041 |
Quentin Clark | director | 333 BRANNAN STREET, SAN FRANCISCO CA 94107 |
Hemant Taneja | director, officer: Chief Executive Officer | C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE MA 02138 |
Jennifer Schneider | director | C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041 |
Evan Sotiriou | officer: Chief Operating Officer | C/O HEALTHCARE ASSURANCE ACQUISITION, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138 |
Health Assurance Economy Foundation | 10 percent owner | 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138 |
Haac Sponsor, Llc | 10 percent owner | C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138 |
From GuruFocus
By Marketwired Marketwired • 12-31-2020
By Marketwired Marketwired • 06-05-2021
By Value_Insider Value_Insider • 10-27-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.