Kingswood Acquisition (Kingswood Acquisition) EBIT : $-3.48 Mil (TTM As of Sep. 2023)

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What is Kingswood Acquisition EBIT?

Kingswood Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.48 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kingswood Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -39.66%. Kingswood Acquisition'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. Kingswood Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -7.30%.

Kingswood Acquisition EBIT Historical Data

The historical data trend for Kingswood 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.

Kingswood Acquisition EBIT Chart

Kingswood Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-1.21

-4.78

Kingswood Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial								-0.74	-1.52	-0.59	-0.64	-0.72

Competitive Comparison of Kingswood Acquisition's EBIT

For the Shell Companies subindustry, Kingswood 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.

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

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

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

Kingswood 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.48 Mil.

Kingswood Acquisition (OTCPK:KWAC) EBIT Explanation

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

Kingswood Acquisition'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 )
=	-2.888 * ( 1 - -1.42% )	/	( (7.226	+	7.544)	/ 2 )
=	-2.9290096	/	7.385
=	-39.66 %

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	))
=	5.964	-	4.934	-	( 0.01	-	max(0, 6.291	-	0.095	+	0.01	))
=	7.226

	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	))
=	6.201	-	5.635	-	( 0.002	-	max(0, 7.045	-	0.067	+	0.002	))
=	7.544

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

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

Kingswood Acquisition'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 )
=	-2.888	/	( ( (0 + max(-4.848, 0))	+	(0 + max(-5.57, 0)) )	/	2 )
=	-2.888	/	( ( 0	+	0 )	/	2 )
=	-2.888	/	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	+	0.085)	-	(4.934	+	0	+	-0.00099999999999945)
=	-4.848

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.065)	-	(5.635	+	0	+	0)
=	-5.57

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-3.475	/	47.600
	=	-7.30 %

Kingswood Acquisition EBIT Related Terms

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Kingswood Acquisition (Kingswood Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kingswood Acquisition Corp (OTCPK:KWAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

KWACU:USA

Address

17 Battery Place, Room 625, New York, NY, USA, 10004

Website

https://www.kingswoodacquisition.com

Kingswood Acquisition Corp is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jeremy Wilder	director	21 ELMRIDGE, SCARSDALE NY 10583
Gary Wilder	director, 10 percent owner, other: Executive Chairman	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Caroline O'connell	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
David Hudd	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Jonathan Massing	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Michael Nessim	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Ralph Lawrence Roth	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Lisa Roth	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Kingswood Global Sponsor Llc	10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Howard Garland	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004