MCMJW (Merida Merger I) EBIT: $-1.10 Mil (TTM As of Sep. 2021)

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What is Merida Merger I EBIT?

Merida Merger I MCMJW EBIT is $-1.10 Mil as of Sep. 2021. The stock has 1 warning sign investors should review.

Merida Merger I's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2021 was $-0.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was $-1.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Merida Merger I's annualized ROC % for the quarter that ended in Sep. 2021 was -0.34%. Merida Merger I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -8,000.00%.

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

Merida Merger I  (NAS:MCMJW) EBIT Explanation

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

Merida Merger I's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

ROC % (Q: Sep. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Sep. 2021 ))/ count )
=-0.44 * ( 1 - 0% )/( (130.641 + 130.604)/ 2 )
=-0.44/130.6225
=-0.34 %

where

Invested Capital(Q: Jun. 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))
=130.932 - 0.237 - ( 0.443 - max(0, 0.638 - 0.692+0.443))
=130.641

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))
=130.537 - 0.281 - ( 0.102 - max(0, 0.682 - 0.334+0.102))
=130.604

Note: The Operating Income data used here is one times the annual (Sep. 2021) data.

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

Merida Merger I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.44/( ( (0 + max(0.011, 0)) + (0 + max(-0.05, 0)) )/ 2 )
=-0.44/( ( 0.011 + 0 )/ 2 )
=-0.44/0.0055
=-8,000.00 %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.249) - (0.237 + 0 + 0.001)
=0.011

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.232) - (0.281 + 0 + 0.001)
=-0.05

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Sep. 2021) EBIT data.

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

Merida Merger I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2021 )
=-1.1/0.000
= %

* 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.

Merida Merger I EBIT Related Terms

Merida Merger I EBIT Historical Data

* Premium members only.

The historical data trend for Merida Merger I'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.

Merida Merger I EBIT Chart

Merida Merger I Annual Data
Trend Dec19 Dec20
EBIT
0.00 -0.66

Merida Merger I Semi-Annual Data
Jul19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.15 -0.15 -0.20 -0.32 -0.44

MCMJW vs : EBIT Comparison

For the Shell Companies subindustry, Merida Merger I'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.

Merida Merger I EV-to-EBIT vs Diversified Financial Services Industry

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

* The bar in red indicates where Merida Merger I's EV-to-EBIT falls into.


Merida Merger I 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $-1.10 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-1.10 Mil mean?
Merida Merger I (MCMJW) has a EBIT of $-1.10 Mil as of Sep. 2021. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Merida Merger I.
Is Merida Merger I's EBIT too high?
Merida Merger I's current EBIT is $-1.10 Mil.
How does Merida Merger I's EBIT compare to ?
Merida Merger I's EBIT of $-1.10 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Diversified Financial Services company?
A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Merida Merger I. Merida Merger I's current EBIT is $-1.10 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Merger I stock overvalued right now?
Merida Merger I (MCMJW) has a current EBIT of $-1.10 Mil. The current EBIT is $-1.10 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Merida Merger I (MCMJW), the current EBIT is $-1.10 Mil as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Merida Merger I Business Description

Comparable Companies
Address 641 Lexington Avenue, 18th Floor, New York, NY, USA, 10022
Merida Merger Corp I is a blank check company.