InterPrivate III Financial Partners (InterPrivate III Financial Partners) EBIT : $-3.75 Mil (TTM As of Sep. 2023)

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What is InterPrivate III Financial Partners EBIT?

InterPrivate III Financial Partners's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-1.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. InterPrivate III Financial Partners's annualized ROC % for the quarter that ended in Sep. 2023 was -18.14%. InterPrivate III Financial Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

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

InterPrivate III Financial Partners EBIT Historical Data

The historical data trend for InterPrivate III Financial Partners'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.

InterPrivate III Financial Partners EBIT Chart

InterPrivate III Financial Partners Annual Data

Trend

Dec21

Dec22

EBIT

-1.04

-3.27

InterPrivate III Financial Partners Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial						-0.87	-0.70	-1.09	-0.95	-1.02

Competitive Comparison of InterPrivate III Financial Partners's EBIT

For the Shell Companies subindustry, InterPrivate III Financial Partners'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.

InterPrivate III Financial Partners's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where InterPrivate III Financial Partners's EV-to-EBIT falls into.

InterPrivate III Financial Partners 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.75 Mil.

InterPrivate III Financial Partners (AMEX:IPVF.U) EBIT Explanation

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

InterPrivate III Financial Partners's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-4.072 * ( 1 - 76.76% )	/	( (4.852	+	5.579)	/ 2 )
=	-0.9463328	/	5.2155
=	-18.14 %

where

	Invested Capital		(Q: Jun. 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	))
=	7.881	-	0.437	-	( 2.94	-	max(0, 0.437	-	3.029	+	2.94	))
=	4.852

	Invested Capital		(Q: Sep. 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	))
=	8.159	-	0.916	-	( 2.567	-	max(0, 0.928	-	2.592	+	2.567	))
=	5.579

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

InterPrivate III Financial Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.072	/	( ( (0 + max(-0.348, 0))	+	(0 + max(-0.891, 0)) )	/	2 )
=	-4.072	/	( ( 0	+	0 )	/	2 )
=	-4.072	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.089)	-	(0.437	+	0	+	0)
=	-0.348

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.025)	-	(0.916	+	0	+	0)
=	-0.891

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

InterPrivate III Financial Partners's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-3.753	/	0.000
	=	%

InterPrivate III Financial Partners EBIT Related Terms

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InterPrivate III Financial Partners (InterPrivate III Financial Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » InterPrivate III Financial Partners Inc (AMEX:IPVF.U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1350 Avenue of the Americas, 2nd Floor, New York, NY, USA, 10019

Website

https://www.ipvspac.com

InterPrivate III Financial Partners Inc is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses.

Executives

Richard A Mcginn	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
John B Mccoy	director	208 S. AKARD ST., --, DALLAS TX 75202
Howard H Newman	director	C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165
Ahmed M Fattouh	10 percent owner, officer: Chairman and CEO	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Brandon C Bentley	officer: General Counsel	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Minesh K Patel	officer: Vice President	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Sunil Aruna Kappagoda	director, officer: Vice Chairman	88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Interprivate Acquisition Management Iii, Llc	10 percent owner, other: Director by Deputization	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Nicholaos Krenteras	director, officer: President	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Gordy Holterman	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019