Aura Renewable Acquisitions (LSE:ARA) EBIT : £ Mil (TTM As of Dec. 2023)

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What is Aura Renewable Acquisitions EBIT?

Aura Renewable Acquisitions's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aura Renewable Acquisitions's annualized ROC % for the quarter that ended in Dec. 2023 was -596.08%. Aura Renewable Acquisitions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

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

Aura Renewable Acquisitions EBIT Historical Data

The historical data trend for Aura Renewable Acquisitions'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.

Aura Renewable Acquisitions EBIT Chart

Aura Renewable Acquisitions Annual Data

Trend

Dec22

Dec23

EBIT

-0.15

Aura Renewable Acquisitions Semi-Annual Data
	Jun23	Dec23
EBIT	-0.07	-0.08

Competitive Comparison of Aura Renewable Acquisitions's EBIT

For the Shell Companies subindustry, Aura Renewable Acquisitions'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.

Aura Renewable Acquisitions's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Aura Renewable Acquisitions's EV-to-EBIT falls into.

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Aura Renewable Acquisitions 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £ Mil.

Aura Renewable Acquisitions (LSE:ARA) EBIT Explanation

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

Aura Renewable Acquisitions's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.152 * ( 1 - 0% )	/	( (0.016	+	0.035)	/ 2 )
=	-0.152	/	0.0255
=	-596.08 %

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	))
=	0.732	-	0	-	( 0.723	-	max(0, 0.016	-	0.732	+	0.723	))
=	0.016

	Invested Capital		(Q: Dec. 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	))
=	0.67	-	0	-	( 0.661	-	max(0, 0.035	-	0.67	+	0.661	))
=	0.035

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Aura Renewable Acquisitions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.162	/	( ( (0 + max(-0.007, 0))	+	(0 + max(-0.026, 0)) )	/	2 )
=	-0.162	/	( ( 0	+	0 )	/	2 )
=	-0.162	/	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	+	0.009)	-	(0	+	0	+	0.016)
=	-0.007

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.009)	-	(0	+	0	+	0.035)
=	-0.026

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Aura Renewable Acquisitions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=		/	-0.215
	=	%

Aura Renewable Acquisitions EBIT Related Terms

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Aura Renewable Acquisitions Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Holborn Gate, 330 High Holborn, London, GBR, WC1V 7QH

Website

https://www.aurarenewables.com

Aura Renewable Acquisitions PLC will pursue opportunities to acquire businesses in the renewable energy sector. The company intends to consider opportunities within the renewable energy sector focusing on businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower and green hydrogen supply chain ranging from raw materials resourcing to power generation, energy storage and recycling.