Lefteris Acquisition (Lefteris Acquisition) EBIT : $-2.63 Mil (TTM As of Jun. 2022)

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What is Lefteris Acquisition EBIT?

Lefteris Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-2.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lefteris Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.58%. Lefteris Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.

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

Lefteris Acquisition EBIT Historical Data

The historical data trend for Lefteris 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.

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Lefteris Acquisition EBIT Chart

Lefteris Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-3.63

Lefteris Acquisition Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
EBIT	Get a 7-Day Free Trial			-0.67	-0.72	-1.15	-0.46	-0.30

Competitive Comparison of Lefteris Acquisition's EBIT

For the Shell Companies subindustry, Lefteris 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.

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

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

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

Lefteris 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.63 Mil.

Lefteris Acquisition (NAS:LFTRU) EBIT Explanation

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

Lefteris Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	-1.212 * ( 1 - 0.57% )	/	( (207.594	+	207.399)	/ 2 )
=	-1.2050916	/	207.4965
=	-0.58 %

where

	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	))
=	207.3	-	2.884	-	( 0.003	-	max(0, 3.359	-	0.181	+	0.003	))
=	207.594

	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	))
=	207.557	-	3.648	-	( 0.001	-	max(0, 3.648	-	0.158	+	0.001	))
=	207.399

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.212	/	( ( (0 + max(-2.706, 0))	+	(0 + max(-3.491, 0)) )	/	2 )
=	-1.212	/	( ( 0	+	0 )	/	2 )
=	-1.212	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.178)	-	(2.884	+	0	+	0)
=	-2.706

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.157)	-	(3.648	+	0	+	0)
=	-3.491

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	-2.625	/	0.000
	=	%

Lefteris Acquisition EBIT Related Terms

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Lefteris Acquisition (Lefteris Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lefteris Acquisition Corp (NAS:LFTRU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

292 Newbury Street, Suite 293, Boston, MA, USA, 02115

Website

Lefteris Acquisition Corp is a blank check company.

Executives

Asiff S Hirji	director	250 FAIR OAKS STREET, SAN FRANCISCO CA 94110
Mark S Casady	director, 10 percent owner, officer: Chairman of the Board	C/O ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108
Jon D Isaacson	officer: Chief Financial Officer	292 NEWBURY STREET, SUITE 293, BOSTON MA 02115
Karl A Roessner	director, officer: Chief Executive Officer	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
David P. Bergers	officer: General Counsel	75 STATE STREET, 23RD FLOOR, BOSTON MA 02109
Ryan Parker	director	C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 24TH FLOOR, BOSTON MA 02109
Charles Roame	director	1735 TIBURON BOULEVARD, TIBURON CA 94920
Lefteris Holdings Llc	10 percent owner	292 NEWBURY STREET, SUITE 293, BOSTON MA 02115
April Rudin	director	292 NEWBURY STREET, SUITE 293, BOSTON MA 02115

Lefteris Acquisition (Lefteris Acquisition) Headlines

From GuruFocus

Lefteris Acquisition Corp. Provides Update on Periodic Reporting

By PRNewswire PRNewswire • 05-28-2021

Lefteris Successfully Completes its Initial Public Offering

By PRNewswire PRNewswire • 10-23-2020

Lefteris Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing December 15, 2020

By PRNewswire PRNewswire • 12-12-2020