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JOFF Fintech Acquisition (JOFF Fintech Acquisition) EBIT : $-2.92 Mil (TTM As of Sep. 2022)


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What is JOFF Fintech Acquisition EBIT?

JOFF Fintech Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-2.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JOFF Fintech Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 was -0.25%. JOFF Fintech Acquisition'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.

JOFF Fintech Acquisition EBIT Historical Data

The historical data trend for JOFF Fintech 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.

JOFF Fintech Acquisition EBIT Chart

JOFF Fintech Acquisition Annual Data
Trend Dec20 Dec21
EBIT
- -2.90

JOFF Fintech Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
EBIT Get a 7-Day Free Trial -1.04 -1.09 -1.24 -0.29 -0.31

Competitive Comparison of JOFF Fintech Acquisition's EBIT

For the Shell Companies subindustry, JOFF Fintech 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.

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

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

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


JOFF Fintech 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.92 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.

JOFF Fintech Acquisition  (NAS:JOFFU) EBIT Explanation

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

JOFF Fintech Acquisition'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 )
=-1.232 * ( 1 - 14.5% )/( (414.742 + 416.842)/ 2 )
=-1.05336/415.792
=-0.25 %

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))
=415.227 - 1.892 - ( 0.138 - max(0, 1.972 - 0.565+0.138))
=414.742

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))
=417.232 - 2.419 - ( 0.207 - max(0, 2.499 - 0.47+0.207))
=416.842

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

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

JOFF Fintech Acquisition'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 )
=-1.232/( ( (0 + max(-1.465, 0)) + (0 + max(-2.156, 0)) )/ 2 )
=-1.232/( ( 0 + 0 )/ 2 )
=-1.232/0
= %

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 + 0.427) - (1.892 + 0 + 0)
=-1.465

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.263) - (2.419 + 0 + 0)
=-2.156

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2022 )
=-2.924/0.000
= %

* 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.

JOFF Fintech Acquisition EBIT Related Terms

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JOFF Fintech Acquisition (JOFF Fintech Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » JOFF Fintech Acquisition Corp (NAS:JOFFU) » Definitions » EBIT
Comparable Companies
OHPA AGAC FINM HHLA SNRH CTAQ UNEX EPHY PDOT VGII GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY, USA, 10105
Website
https://www.joffspac.com
JOFF Fintech Acquisition Corp is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Executives
Peter Js Smith officer: Chief Financial Officer PO BOX 364527, SAN JUAN PR 00936-4527
Jay Itzkowitz director NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003
Joel Leonoff director, 10 percent owner, officer: Chief Executive Officer ORCHID HOUSE PH 9 THE CLIFTONS, EUROPA ROAD, GIBRALTAR J1 -----
Joff Fintech Holdings Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Hillel Frankel director, 10 percent owner, officer: President and Secretary 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Mohammad Fraz Ahmed officer: SVP of Corporate & BD 1410 BERRYTREE DR., SUGARLAND TX 77479
Billy Goldstein director 757 3RD AVENUE, NEW YORK NY 10017
Paul Wharshavsky director 15 WEST 47TH STREET, SUITE 1404, NEW YORK NY 10036
Alok Sama director C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Michelle Ann Gitlitz director 1345 AVENUE OF THE AMERICAS, 11TH FLOOR, NEW YORK NY 10105