Iron Spark I (Iron Spark I) EBIT : $-10.02 Mil (TTM As of Sep. 2022)

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What is Iron Spark I EBIT?

Iron Spark I's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-1.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-10.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Iron Spark I's annualized ROC % for the quarter that ended in Sep. 2022 was -3.91%. Iron Spark I'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. Iron Spark I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -4.51%.

Iron Spark I EBIT Historical Data

The historical data trend for Iron Spark I'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.

Iron Spark I EBIT Chart

Iron Spark I Annual Data

Trend

Dec21

EBIT

Iron Spark I Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial			-0.51	-	-8.11	-0.70	-1.22

Competitive Comparison of Iron Spark I's EBIT

For the Shell Companies subindustry, Iron Spark I'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.

Iron Spark I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Iron Spark I's EV-to-EBIT falls into.

Iron Spark I 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 $-10.02 Mil.

Iron Spark I (NAS:ISAA) EBIT Explanation

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

Iron Spark I'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 )
=	-4.888 * ( 1 - -35.92% )	/	( (170.325	+	169.801)	/ 2 )
=	-6.6437696	/	170.063
=	-3.91 %

where

	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	))
=	170.568	-	8.438	-	( 0.062	-	max(0, 8.538	-	0.343	+	0.062	))
=	170.325

	Invested Capital		(Q: Sep. 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	))
=	169.738	-	9.655	-	( 0.135	-	max(0, 10.05	-	0.332	+	0.135	))
=	169.801

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

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

Iron Spark I'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 )
=	-4.888	/	( ( (0 + max(-8.257, 0))	+	(0 + max(-9.458, 0)) )	/	2 )
=	-4.888	/	( ( 0	+	0 )	/	2 )
=	-4.888	/	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	+	0.281)	-	(8.438	+	0	+	0.1)
=	-8.257

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.197)	-	(9.655	+	0	+	1.7763568394003E-15)
=	-9.458

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:

Iron Spark I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-10.023	/	222.432
	=	-4.51 %

Iron Spark I EBIT Related Terms

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Iron Spark I (Iron Spark I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Iron Spark I Inc (NAS:ISAA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 N Cache Street, 2nd Floor, Box 3789, Jackson, WY, USA, 83001

Website

https://www.ironspark.com

Iron Spark I Inc is a blank check company. It is formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Jay Margolis	director	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Trevor A Edwards	director	2080 NW 133RD PLACE, PORTLAND OR 97229
Amy S Butte	director	C/O L CATTERTON MANAGEMENT, 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Joshua L Spear	director, 10 percent owner, officer: CEO	125 N CACHE STREET, JACKSON WY 83001
Alexander P Oxman	10 percent owner, officer: CFO and COO	125 N CACHE STREET, JACKSON WY 83001
Ruma Bose	director	125 N CACHE STREET, JACKSON WY 83001
Iron Spark I Llc	10 percent owner	125 N CACHE STREET, JACKSON WY 83001