Landcadia Holdings III (Landcadia Holdings III) EBIT : $-1.79 Mil (TTM As of Mar. 2021)

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What is Landcadia Holdings III EBIT?

Landcadia Holdings III's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2021 was $-0.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2021 was $-1.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Landcadia Holdings III's annualized ROC % for the quarter that ended in Mar. 2021 was -0.41%. Landcadia Holdings III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was -8,483.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Landcadia Holdings III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was -0.24%.

Landcadia Holdings III EBIT Historical Data

The historical data trend for Landcadia Holdings III'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.

Landcadia Holdings III EBIT Chart

Landcadia Holdings III Annual Data

Trend

Dec18

Dec19

Dec20

EBIT

-1.28

Landcadia Holdings III Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
EBIT	Get a 7-Day Free Trial			-	-	-	-1.28	-0.51

Competitive Comparison of Landcadia Holdings III's EBIT

For the Shell Companies subindustry, Landcadia Holdings III'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.

Landcadia Holdings III's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Landcadia Holdings III's EV-to-EBIT falls into.

Landcadia Holdings III 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.79 Mil.

Landcadia Holdings III (NAS:LCY) EBIT Explanation

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

Landcadia Holdings III's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

	ROC % (Q: Mar. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Mar. 2021 ))	/ count )
=	-2.036 * ( 1 - 0% )	/	( (500.079	+	500.074)	/ 2 )
=	-2.036	/	500.0765
=	-0.41 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	501.202	-	0.127	-	( 1.017	-	max(0, 0.127	-	1.123	+	1.017	))
=	500.079

	Invested Capital		(Q: Mar. 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	))
=	500.657	-	0.072	-	( 0.511	-	max(0, 0.072	-	0.631	+	0.511	))
=	500.074

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

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

Landcadia Holdings III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Mar. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.036	/	( ( (0 + max(-0.021, 0))	+	(0 + max(0.048, 0)) )	/	2 )
=	-2.036	/	( ( 0	+	0.048 )	/	2 )
=	-2.036	/	0.024
=	-8,483.33 %

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.106)	-	(0.127	+	0	+	0)
=	-0.021

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.12)	-	(0.072	+	0	+	0)
=	0.048

When net working capital is negative, 0 is used.

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

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

Landcadia Holdings III's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2021 )
	=	-1.788	/	760.625
	=	-0.24 %

Landcadia Holdings III EBIT Related Terms

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