MURF (Murphy Canyon Acquisition) EBIT : $-1.57 Mil (TTM As of Jun. 2023)

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What is Murphy Canyon Acquisition EBIT?

Murphy Canyon Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-1.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Murphy Canyon Acquisition's annualized ROC % for the quarter that ended in Jun. 2023 was -17.75%. Murphy Canyon Acquisition'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. Murphy Canyon Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1.49%.

Murphy Canyon Acquisition EBIT Historical Data

The historical data trend for Murphy Canyon 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.

Murphy Canyon Acquisition EBIT Chart

Murphy Canyon Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-1.20

Murphy Canyon Acquisition Quarterly Data
	Nov21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial			-0.28	-0.25	-0.41	-0.51	-0.41

Competitive Comparison of Murphy Canyon Acquisition's EBIT

For the Shell Companies subindustry, Murphy Canyon 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.

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

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

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

Murphy Canyon 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.57 Mil.

Murphy Canyon Acquisition (NAS:MURF) EBIT Explanation

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

Murphy Canyon Acquisition'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 )
=	-1.624 * ( 1 - -162.6% )	/	( (23.959	+	24.09)	/ 2 )
=	-4.264624	/	24.0245
=	-17.75 %

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	))
=	23.969	-	1.658	-	( 0.091	-	max(0, 1.958	-	0.31	+	0.091	))
=	23.959

	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	))
=	23.694	-	1.277	-	( 0.278	-	max(0, 2.027	-	0.354	+	0.278	))
=	24.09

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

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

Murphy Canyon Acquisition'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 )
=	-1.624	/	( ( (0 + max(-1.439, 0))	+	(0 + max(-1.201, 0)) )	/	2 )
=	-1.624	/	( ( 0	+	0 )	/	2 )
=	-1.624	/	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	+	0.219)	-	(1.658	+	0	+	0)
=	-1.439

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.076)	-	(1.277	+	0	+	0)
=	-1.201

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-1.572	/	105.751
	=	-1.49 %

Murphy Canyon Acquisition EBIT Related Terms

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Murphy Canyon Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Murphy Canyon Acquisition Corp (NAS:MURF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4995 Murphy Canyon Road, Suite 300, San Diego, CA, USA, 92123

Website

https://www.murphycanyonac.com

Murphy Canyon Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Knuettel Ii Francis	director	205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Adam Sragovicz	director, officer: CFO and Treasurer	1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029
Jack Kendrick Heilbron	director, officer: CEO, President, and Chairman	16433 BRONCO LANE, POWAY CA 92064
Bentzen Edwin H Iv	officer: Chief Accounting Officer	2513 BIRCH HOLLOW ST, HENDERSON NV 89044
Chele Chiavacci Farley	director	4 RIDGE ROAD, TUXEDO PARK NY 10987
Richard Edward Feinberg	director	2855 FIFTH AVENUE, UNIT 405, SAN DIEGO CA 92103
Murphy Canyon Acquisition Sponsor, Llc	10 percent owner	4995 MURPHY CANYON ROAD, SUITE 300, SAN DIEGO CA 92123

Murphy Canyon Acquisition Headlines

From GuruFocus

Conduit Pharmaceuticals to Become a Publicly Traded Company via Merger with Murphy Canyon Acquisition Corp.

By ACCESSWIRE ACCESSWIRE • 11-09-2022

Murphy Canyon Acquisition Corp. Announces Closing of $132.25 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 02-07-2022

Murphy Canyon Acquisition Corp. Announces Stockholder Approval of the Proposed Combination with Conduit Pharmaceuticals Limited

By ACCESSWIRE • 09-21-2023

SEC Declares Form S-4 Registration Statement "Effective" for Proposed Business Combination of Murphy Canyon Acquisition Corp. with Conduit Pharmaceuticals Limited

By ACCESSWIRE • 08-16-2023

Murphy Canyon Acquisition Corp. Announces Postponement of Its Special Meeting of Stockholders for Approving Its Initial Business Combination With Conduit

By ACCESSWIRE • 09-08-2023

Murphy Canyon Acquisition Corp. Announces Pricing of $115 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 02-03-2022

Murphy Canyon Acquisition Corp. Announces Postponement of its Special Meeting of Stockholders for Approving its Initial Business Combination with Conduit

By ACCESSWIRE • 09-01-2023

Murphy Canyon Acquisition Corp. Announces Full Exercise of Underwriters' Over-Allotment Option in Public Offering

By ACCESSWIRE ACCESSWIRE • 02-04-2022