TechStar Acquisition (HKSE:07855) EBIT : HK$-99.87 Mil (TTM As of Jun. 2024)

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What is TechStar Acquisition EBIT?

TechStar Acquisition's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-48.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-99.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TechStar Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 was -4.64%. TechStar Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TechStar Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -7.92%.

TechStar Acquisition EBIT Historical Data

The historical data trend for TechStar 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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TechStar Acquisition EBIT Chart

TechStar Acquisition Annual Data

Trend

Dec22

Dec23

Dec24

EBIT

-98.86

-99.87

TechStar Acquisition Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial			-4.94	-	-	-48.88	-50.99

Competitive Comparison of TechStar Acquisition's EBIT

For the Shell Companies subindustry, TechStar 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.

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

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

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

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TechStar 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-99.87 Mil.

TechStar Acquisition (HKSE:07855) EBIT Explanation

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

TechStar Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-97.76 * ( 1 - 0% )	/	( (2095.713	+	2120.188)	/ 2 )
=	-97.76	/	2107.9505
=	-4.64 %

where

	Invested Capital		(Q: Dec. 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	))
=	1059.043	-	55.239	-	( 2.804	-	max(0, 1094.713	-	2.804	+	2.804	))
=	2095.713

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	1081.507	-	79.957	-	( 0.55	-	max(0, 1119.188	-	0.55	+	0.55	))
=	2120.188

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

TechStar Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-97.76	/	( ( (0 + max(-1094.713, 0))	+	(0 + max(-1119.188, 0)) )	/	2 )
=	-97.76	/	( ( 0	+	0 )	/	2 )
=	-97.76	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(55.239	+	0	+	1039.474)
=	-1094.713

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(79.957	+	0	+	1039.231)
=	-1119.188

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-99.865	/	1261.440
	=	-7.92 %

TechStar Acquisition EBIT Related Terms

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TechStar Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TechStar Acquisition Corp (HKSE:07855) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 1506B, Level 15, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.techstaracq.com

TechStar Acquisition Corp is a special purpose acquisition company, incorporated to effect a De-SPAC Transaction.

Executives

Redpine Elite Limited	2101 Beneficial owner
Goldstream Investment Limited	2201 Interest of corporation controlled by you
Wealth Strategy Holding Limited	2201 Interest of corporation controlled by you
Exponential Fortune Group Limited	2201 Interest of corporation controlled by you
Fountainhead Partners Fund Vcc Sub Fund Caps Fund	2101 Beneficial owner
China Citic Bank Corporation Limited	2201 Interest of corporation controlled by you
Goldstream Capital Management Limited	2102 Investment manager
Citic Polaris Limited	2201 Interest of corporation controlled by you
Citic Group Corporation	2201 Interest of corporation controlled by you
China Cinda (hk) Asset Management Co., Limited	2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited	2201 Interest of corporation controlled by you
China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Cinda Sinorock Global Portfolio Limited Partnership I	2101 Beneficial owner
Cinda Sino-rock Investment Limited	2201 Interest of corporation controlled by you
Innotek Resources Limited	2201 Interest of corporation controlled by you

TechStar Acquisition Headlines

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