Lionheart Acquisition II (Lionheart Acquisition II) EBIT : $-3.79 Mil (TTM As of Dec. 2021)

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What is Lionheart Acquisition II EBIT?

Lionheart Acquisition II's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2021 was $-1.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was $-3.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lionheart Acquisition II's annualized ROC % for the quarter that ended in Dec. 2021 was -2.23%. Lionheart Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lionheart Acquisition II's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -1.98%.

Lionheart Acquisition II EBIT Historical Data

The historical data trend for Lionheart Acquisition II'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.

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Lionheart Acquisition II EBIT Chart

Lionheart Acquisition II Annual Data

Trend

Dec19

Dec20

Dec21

EBIT

-1.47

-3.79

Lionheart Acquisition II Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
EBIT	Get a 7-Day Free Trial			-1.38	-0.21	-1.94	-0.35	-1.28

Competitive Comparison of Lionheart Acquisition II's EBIT

For the Shell Companies subindustry, Lionheart Acquisition II'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.

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

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

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

Lionheart Acquisition II 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 Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.79 Mil.

Lionheart Acquisition II (NAS:LCAP) EBIT Explanation

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

Lionheart Acquisition II's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

	ROC % (Q: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2021 )	+	Invested Capital (Q: Dec. 2021 ))	/ count )
=	-5.128 * ( 1 - 0% )	/	( (230.008	+	230.013)	/ 2 )
=	-5.128	/	230.0105
=	-2.23 %

where

	Invested Capital		(Q: Sep. 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	))
=	230.41	-	2.919	-	( 0.353	-	max(0, 2.919	-	0.402	+	0.353	))
=	230.008

	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	))
=	230.199	-	3.985	-	( 0.177	-	max(0, 3.985	-	0.186	+	0.177	))
=	230.013

Note: The Operating Income data used here is four times the quarterly (Dec. 2021) data.

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

Lionheart Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2021		Q: Dec. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.128	/	( ( (0 + max(-2.87, 0))	+	(0 + max(-3.976, 0)) )	/	2 )
=	-5.128	/	( ( 0	+	0 )	/	2 )
=	-5.128	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.049)	-	(2.919	+	0	+	0)
=	-2.87

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.009)	-	(3.985	+	0	+	0)
=	-3.976

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2021 )
	=	-3.785	/	190.865
	=	-1.98 %

Lionheart Acquisition II EBIT Related Terms

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Lionheart Acquisition II (Lionheart Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lionheart Acquisition Corp II (NAS:LCAP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4218 NE 2nd Avenue, Miami, FL, USA, 33137

Website

https://www.lionheartacquisitioncorp.com

Lionheart Acquisition Corp II is a blank check company.

Executives

Cala Faquiry Diaz	officer: Chief Operating Officer	4218 NE 2ND AVENUE, MIAMI FL 33137
Thomas W Hawkins	director	GERALD STEVENS INC, PO BOX 350526, FORT LAUDERDALE FL 33335-0526
Lionheart Equities, Llc	10 percent owner	C/O LIONHEART CAPITAL, LLC, 4218 NE 2ND AVENUE, MIAMI FL 33137
Ophir Sternberg	director, 10 percent owner, officer: CEO and President	C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210
Trevor Barran	director, officer: Chief Operating Officer	4310 NE 2ND AVENUE, APT 1, MIAMI FL 33137
Thomas Clyde Byrne	director	C/O JUST ANOTHER ACQUISITION, CORP., 122 EAST 42ND STREET, UNIT 2015, NEW YORK NY 10168
Aman Kapadia	director	4218 NE 2ND AVENUE, 2ND FL., MIAMI FL 33137
James Stephen Anderson	director	4218 NE 2ND AVENUE 2ND FLOOR, MIAMI FL 33137
Roger Meltzer	director	80 PINE STREET, C/O CAHILL GORDON& REINDELL LLP, NEW YORK NY 10005
Paul Howard Rapisarda	officer: CFO and Secretary	151 SE 15TH ROAD, APT 1802, MIAMI FL 33129
Steven R Berrard	director	BIRMINGHAM STEEL, PO BOX 1208, BIRMINHAM AL 35201