M3-Brigade Acquisition III (M3-Brigade Acquisition III) EBIT : $-3.09 Mil (TTM As of Jun. 2023)

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What is M3-Brigade Acquisition III EBIT?

M3-Brigade Acquisition III's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-3.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. M3-Brigade Acquisition III's annualized ROC % for the quarter that ended in Jun. 2023 was -0.56%. M3-Brigade Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. M3-Brigade Acquisition III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -0.88%.

M3-Brigade Acquisition III EBIT Historical Data

The historical data trend for M3-Brigade Acquisition 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.

M3-Brigade Acquisition III EBIT Chart

M3-Brigade Acquisition III Annual Data

Trend

Dec21

Dec22

EBIT

-2.79

M3-Brigade Acquisition III Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					-0.26	-0.22	-1.96	-0.36	-0.56

Competitive Comparison of M3-Brigade Acquisition III's EBIT

For the Shell Companies subindustry, M3-Brigade Acquisition 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.

M3-Brigade Acquisition III's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, M3-Brigade Acquisition III's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where M3-Brigade Acquisition III's EV-to-EBIT falls into.

M3-Brigade Acquisition 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.09 Mil.

M3-Brigade Acquisition III (NYSE:MBSC) EBIT Explanation

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

M3-Brigade Acquisition III's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-2.232 * ( 1 - 21.9% )	/	( (309.884	+	312.953)	/ 2 )
=	-1.743192	/	311.4185
=	-0.56 %

where

	Invested Capital		(Q: Mar. 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	))
=	310.465	-	3.001	-	( 0.247	-	max(0, 3.001	-	0.581	+	0.247	))
=	309.884

	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	))
=	313.629	-	3.863	-	( 0.498	-	max(0, 3.863	-	0.676	+	0.498	))
=	312.953

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

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

M3-Brigade Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.232	/	( ( (0 + max(-2.667, 0))	+	(0 + max(-3.685, 0)) )	/	2 )
=	-2.232	/	( ( 0	+	0 )	/	2 )
=	-2.232	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.334)	-	(3.001	+	0	+	0)
=	-2.667

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.178)	-	(3.863	+	0	+	0)
=	-3.685

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

M3-Brigade Acquisition III's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-3.093	/	351.540
	=	-0.88 %

M3-Brigade Acquisition III EBIT Related Terms

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M3-Brigade Acquisition III (M3-Brigade Acquisition III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » M3-Brigade Acquisition III Corp (NYSE:MBSC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Broadway, 19th Floor, New York, NY, USA, 10019

Website

https://www.m3-brigade.com

M3-Brigade Acquisition III Corp is a blank check company.

Executives

William L Transier	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Mohsin Y Meghji	director, 10 percent owner, officer: Executive Chairman of BOD	C/O LOUGHLIN MEGHJI + COMPANY, NEW YORK NY 10016
Garner Charles Hugh Farkas	officer: EVP & Secretary	3 COLUMBUS CIRCLE, NEW YORK NY 10019
Frederick Arnold	director	CHATSWORTH ADVISORS, INC., 3 YORK ROAD, LARCHMONT NY 10538
William C Gallagher	officer: Executive Vice President	C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104
Benjamin F Rattner	director	95 5TH AVENUE, 6TH FLOOR, NEW YORK NY 10003
Steven Vincent	director	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
Scott Charles Malpass	director	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Matthew Perkal	officer: Chief Executive Officer	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
M3-brigade Sponsor Iii Lp	10 percent owner	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Kallie Nicole Steffes	officer: Executive Vice President	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Christopher Chaice	officer: Executive Vice President	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Christopher A. Good	officer: Chief Financial Officer	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019