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KIIIU (Kismet Acquisition Three) EBIT : $-2.59 Mil (TTM As of Mar. 2022)


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What is Kismet Acquisition Three EBIT?

Kismet Acquisition Three's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $-0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $-2.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kismet Acquisition Three's annualized ROC % for the quarter that ended in Mar. 2022 was -0.23%. Kismet Acquisition Three's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was %.

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

Kismet Acquisition Three EBIT Historical Data

The historical data trend for Kismet Acquisition Three'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.

Kismet Acquisition Three EBIT Chart

Kismet Acquisition Three Annual Data
Trend Dec20 Dec21
EBIT
- -2.50

Kismet Acquisition Three Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
EBIT Get a 7-Day Free Trial -0.08 -1.18 -0.45 -0.80 -0.17

Competitive Comparison of Kismet Acquisition Three's EBIT

For the Shell Companies subindustry, Kismet Acquisition Three'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.

Kismet Acquisition Three's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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


Kismet Acquisition Three 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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.59 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.

Kismet Acquisition Three  (OTCPK:KIIIU) EBIT Explanation

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

Kismet Acquisition Three's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

ROC % (Q: Mar. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Mar. 2022 ))/ count )
=-0.66 * ( 1 - 0% )/( (287.757 + 287.673)/ 2 )
=-0.66/287.715
=-0.23 %

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))
=288.226 - 1.4 - ( 0.153 - max(0, 1.4 - 0.469+0.153))
=287.757

Invested Capital(Q: Mar. 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))
=288.045 - 1.468 - ( 0.074 - max(0, 1.468 - 0.372+0.074))
=287.673

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

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

Kismet Acquisition Three's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.66/( ( (0 + max(-1.084, 0)) + (0 + max(-1.17, 0)) )/ 2 )
=-0.66/( ( 0 + 0 )/ 2 )
=-0.66/0
= %

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 + 0.316) - (1.4 + 0 + 0)
=-1.084

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.298) - (1.468 + 0 + 0)
=-1.17

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2022 )
=-2.589/0.000
= %

* 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.

Kismet Acquisition Three EBIT Related Terms

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Kismet Acquisition Three Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kismet Acquisition Three Corp (OTCPK:KIIIU) » Definitions » EBIT
Comparable Companies
HUGS DRAY HORI LGTO CXAC EJFA PWUP TINV CIIG HYAC GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
850 Library Avenue, Suite 204, Newark, DE, USA, 19715
Website
Kismet Acquisition Three Corp is a blank check company.
Executives
Ivan Tavrin director, 10 percent owner, officer: Chairman and CEO C/O KISMET ACQUISITION ONE CORP, 9 BUILDING B, LESNAYA STREET, MOSCOW 1Z 125196
Clifford Tompsett director C/O KISMET ACQUISITION ONE CORP, 9 BUILDING B, LESNAYA STREET, MOSCOW 1Z 125196
Kismet Sponsor Ltd 10 percent owner 3RD FLOOR, YARMRAJ BUILDING, MARKET SQ, P.O. BOX 3175, ROAD TOWN, TORTOLA D8 VG1110
Ross Lukatsevich director C/O KISMET ACQUISITION THREE CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19715
Martin Avetisyan director C/O KISMET ACQUISITION THREE CORP., 850 LIBRARY AVENUE, SUITE 204, NEWARK DE 19715