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INSU Acquisition III (INSU Acquisition III) EBIT : $-1.54 Mil (TTM As of Sep. 2022)


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What is INSU Acquisition III EBIT?

INSU Acquisition III's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. INSU Acquisition III's annualized ROC % for the quarter that ended in Sep. 2022 was -0.31%. INSU Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. INSU Acquisition III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -0.45%.


INSU Acquisition III EBIT Historical Data

The historical data trend for INSU Acquisition III'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.

INSU Acquisition III EBIT Chart

INSU Acquisition III Annual Data
Trend Dec20 Dec21
EBIT
- -1.73

INSU Acquisition III Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
EBIT Get a 7-Day Free Trial -0.35 -0.59 -0.48 -0.25 -0.23

Competitive Comparison of INSU Acquisition III's EBIT

For the Shell Companies subindustry, INSU Acquisition III'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.


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

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

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



INSU Acquisition III 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.54 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.


INSU Acquisition III  (NAS:IIII) EBIT Explanation

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

INSU Acquisition III's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

ROC % (Q: Sep. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Sep. 2022 ))/ count )
=-0.908 * ( 1 - 14.34% )/( (251.124 + 251.893)/ 2 )
=-0.7777928/251.5085
=-0.31 %

where

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

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

INSU Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.908/( ( (0 + max(-0.593, 0)) + (0 + max(-0.682, 0)) )/ 2 )
=-0.908/( ( 0 + 0 )/ 2 )
=-0.908/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.124) - (0.717 + 0 + 0)
=-0.593

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.058) - (0.74 + 0 + 0)
=-0.682

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2022 )
=-1.543/344.532
=-0.45 %

* 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.


INSU Acquisition III EBIT Related Terms

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INSU Acquisition III (INSU Acquisition III) Business Description

Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
INSU Acquisition Corp III is a blank check company.
Executives
Daniel G Cohen director, 10 percent owner 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr. officer: CFO and Secretary 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Walter T Beach director 409 SILVERSIDE ROAD, WILMINGTON DE 19809
John C Chrystal director C/O BANCORP, INC., 409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Cohen & Company, Llc 10 percent owner 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19103
John Miles Butler officer: President and CEO 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Sasson Posner director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Sheila Nicoll director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Insurance Acquisition Sponsor Iii, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Dioptra Advisors Iii, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104