MDH Acquisition (MDH Acquisition) EBIT : $-1.46 Mil (TTM As of Sep. 2022)

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What is MDH Acquisition EBIT?

MDH Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MDH Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 was -0.42%. MDH Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MDH Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -0.42%.

MDH Acquisition EBIT Historical Data

The historical data trend for MDH 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.

* Premium members only.

MDH Acquisition EBIT Chart

MDH Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-3.54

MDH Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial				-1.74	-0.52	-0.37	-0.27	-0.29

Competitive Comparison of MDH Acquisition's EBIT

For the Shell Companies subindustry, MDH 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.

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

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

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

MDH 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.46 Mil.

MDH Acquisition (NYSE:MDH) EBIT Explanation

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

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

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-1.168 * ( 1 - 0% )	/	( (276.289	+	277.585)	/ 2 )
=	-1.168	/	276.937
=	-0.42 %

where

	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	))
=	276.491	-	3.759	-	( 0.025	-	max(0, 3.759	-	0.202	+	0.025	))
=	276.289

	Invested Capital		(Q: Sep. 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	))
=	277.725	-	3.989	-	( 0.036	-	max(0, 3.989	-	0.14	+	0.036	))
=	277.585

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.168	/	( ( (0 + max(-3.582, 0))	+	(0 + max(-3.885, 0)) )	/	2 )
=	-1.168	/	( ( 0	+	0 )	/	2 )
=	-1.168	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.177)	-	(3.759	+	0	+	0)
=	-3.582

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.104)	-	(3.989	+	0	+	0)
=	-3.885

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-1.456	/	346.382
	=	-0.42 %

MDH Acquisition EBIT Related Terms

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MDH Acquisition (MDH Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » MDH Acquisition Corp (NYSE:MDH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 N. Carroll Avenue, Suite 100, Southlake, TX, USA, 76092

Website

https://www.mclartydiversified.com

MDH Acquisition Corp is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business.

Executives

Franklin Mclarty	director, 10 percent owner	297 WEST HENRI DE TONTI, TONTITOWN AR 72770
Brent Whittington	officer: Chief Financial Officer	4001 RODNEY PARHAM ROAD, LITTLE ROCK AR 72212
Timothy M. Russi	director	200 RENAISSANCE CENTER, MC 482-B09-C24, DETROIT MI 48265-2000
Michael E Maroone	director	909 POINCIANA DRIVE, FORT LAUDERDALE FL 33301
Yavor Efremov	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Blair Donald Dupree Jr.	10 percent owner, officer: Chief Executive Officer	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Darrin Williams	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Mdih Sponsor Llc	10 percent owner	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Chad Estis	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Jim Wilkinson	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202
Mclarty Diversified Intermediate Holdings Llc	10 percent owner	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK AR 72202