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HMACU (Hainan Manaslu Acquisition) EBIT : $ Mil (TTM As of Dec. 2022)


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What is Hainan Manaslu Acquisition EBIT?

Hainan Manaslu Acquisition's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was $-0.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hainan Manaslu Acquisition's annualized ROC % for the quarter that ended in Dec. 2022 was -0.55%. Hainan Manaslu Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -502.56%.

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

Hainan Manaslu Acquisition EBIT Historical Data

The historical data trend for Hainan Manaslu 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.

Hainan Manaslu Acquisition EBIT Chart

Hainan Manaslu Acquisition Annual Data
Trend Dec21 Dec22
EBIT
- -0.20

Hainan Manaslu Acquisition Semi-Annual Data
Dec21 Dec22
EBIT - -0.20

Competitive Comparison of Hainan Manaslu Acquisition's EBIT

For the Shell Companies subindustry, Hainan Manaslu 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.

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

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

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


Hainan Manaslu 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 Dec. 2022 was $ 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.

Hainan Manaslu Acquisition  (NAS:HMACU) EBIT Explanation

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

Hainan Manaslu Acquisition'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: Dec. 2021 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=-0.196 * ( 1 - 0% )/( (0.388 + 70.908)/ 2 )
=-0.196/35.648
=-0.55 %

where

Invested Capital(Q: Dec. 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))
=0.21 - 0 - ( 0.05 - max(0, 0.228 - 0.05+0.05))
=0.388

Invested Capital(Q: Dec. 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))
=71.018 - 0.037 - ( 0.073 - max(0, 0.037 - 0.188+0.073))
=70.908

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

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

Hainan Manaslu Acquisition'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: Dec. 2021  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.196/( ( (0 + max(0, 0)) + (0 + max(0.078, 0)) )/ 2 )
=-0.196/( ( 0 + 0.078 )/ 2 )
=-0.196/0.039
=-502.56 %

where Working Capital is:

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

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.115) - (0.037 + 0 + 0)
=0.078

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

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

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

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

Hainan Manaslu Acquisition EBIT Related Terms

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Hainan Manaslu Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hainan Manaslu Acquisition Corp (NAS:HMACU) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
11 Guoxing Avenue, B3406, 34th Floor, West Tower, Block B, Guorui Building, Hainan Province, Haikou, CHN, 570203
Website
Hainan Manaslu Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Executives
Zhifan Zhou director, 10 percent owner, officer: Chief Executive Officer B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Bright Winlong Llc 10 percent owner B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
John Roumeliotis director B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Wenyi Shen officer: Chief Financial Officer B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Hong Ma director B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Xun Zhang director, officer: Chief Investment Officer B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Kun-lin Liu director B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000