Mosaic Acquisition (Mosaic Acquisition) EBIT : $-1.48 Mil (TTM As of Sep. 2019)

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What is Mosaic Acquisition EBIT?

Mosaic Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2019 was $-0.67 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2019 was $-1.48 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mosaic Acquisition's annualized ROC % for the quarter that ended in Sep. 2019 was -0.50%. Mosaic Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mosaic Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was -0.35%.

Mosaic Acquisition EBIT Historical Data

The historical data trend for Mosaic 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.

Mosaic Acquisition EBIT Chart

Mosaic Acquisition Annual Data

Trend

Dec17

Dec18

EBIT

-0.88

Mosaic Acquisition Quarterly Data
	Aug17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
EBIT	Get a 7-Day Free Trial			-0.16	-0.36	-0.24	-0.22	-0.67

Competitive Comparison of Mosaic Acquisition's EBIT

For the Shell Companies subindustry, Mosaic 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.

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

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

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

Mosaic 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.48 Mil.

Mosaic Acquisition (NYSE:MOSC) EBIT Explanation

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

Mosaic Acquisition's annualized ROC % for the quarter that ended in Sep. 2019 is calculated as:

	ROC % (Q: Sep. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2019 )	+	Invested Capital (Q: Sep. 2019 ))	/ count )
=	-2.664 * ( 1 - 33.12% )	/	( (353.324	+	354.264)	/ 2 )
=	-1.7816832	/	353.794
=	-0.50 %

where

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	354.357	-	0.156	-	( 0.927	-	max(0, 0.156	-	1.033	+	0.927	))
=	353.324

	Invested Capital		(Q: Sep. 2019 )
=	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	))
=	355.112	-	0.197	-	( 0.687	-	max(0, 0.197	-	0.848	+	0.687	))
=	354.264

Note: The Operating Income data used here is four times the quarterly (Sep. 2019) data.

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

Mosaic Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2019		Q: Sep. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.664	/	( ( (0 + max(-0.05, 0))	+	(0 + max(-0.036, 0)) )	/	2 )
=	-2.664	/	( ( 0	+	0 )	/	2 )
=	-2.664	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.106)	-	(0.156	+	0	+	0)
=	-0.05

	Working Capital		(Q: Sep. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.161)	-	(0.197	+	0	+	0)
=	-0.036

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2019 )
	=	-1.483	/	426.940
	=	-0.35 %

Mosaic Acquisition EBIT Related Terms

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Mosaic Acquisition (Mosaic Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

375 Park Avenue, New York, NY, USA, 10152

Website

http://www.mosaicac.com

Mosaic Acquisition Corp is a blank check company.

Mosaic Acquisition (Mosaic Acquisition) Headlines

From GuruFocus

Mosaic Acquisition Corp (MOSC) President and CEO David M Maura Bought $1 million of Shares

By [email protected] insider • 01-09-2020