NBSTU (Newbury Street Acquisition) EBIT: $-1.59 Mil (TTM As of Mar. 2024)

What is Newbury Street Acquisition EBIT?

Newbury Street Acquisition NBSTU EBIT is $-1.59 Mil as of Mar. 2024. The stock has 3 warning signs investors should review.

Newbury Street Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Newbury Street Acquisition's annualized ROC % for the quarter that ended in Mar. 2024 was -4.77%. Newbury Street Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

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

Newbury Street Acquisition (OTCPK:NBSTU) EBIT Explanation

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

Newbury Street Acquisition's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-1.356 * ( 1 - 0% )	/	( (23.314	+	33.565)	/ 2 )
=	-1.356	/	28.4395
=	-4.77 %

where

	Invested Capital		(Q: Dec. 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	))
=	22.542	-	4.543	-	( 0.956	-	max(0, 6.276	-	0.961	+	0.956	))
=	23.314

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	22.965	-	4.897	-	( 0.956	-	max(0, 16.512	-	1.015	+	0.956	))
=	33.565

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Newbury Street Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.356	/	( ( (0 + max(-4.556, 0))	+	(0 + max(-14.648, 0)) )	/	2 )
=	-1.356	/	( ( 0	+	0 )	/	2 )
=	-1.356	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(4.543	+	0	+	0.013999999999999)
=	-4.556

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.025)	-	(4.897	+	0	+	9.776)
=	-14.648

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-1.591	/	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.

Newbury Street Acquisition EBIT Related Terms

Newbury Street Acquisition EBIT Historical Data

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The historical data trend for Newbury Street Acquisition's EBIT can be seen below:

Newbury Street Acquisition EBIT Chart

Newbury Street Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.69

-2.84

-1.88

Newbury Street Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								-0.63	-0.43	-0.50	-0.33	-0.34

NBSTU vs WELNF, FTII, ALSAF: EBIT Comparison

For the Shell Companies subindustry, Newbury Street 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.

Newbury Street Acquisition EV-to-EBIT vs Diversified Financial Services Industry

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

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

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Newbury Street 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.59 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-1.59 Mil mean?

Newbury Street Acquisition (NBSTU) has a EBIT of $-1.59 Mil as of Mar. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Newbury Street Acquisition.

Is Newbury Street Acquisition's EBIT too high?

Newbury Street Acquisition's current EBIT is $-1.59 Mil.

How does Newbury Street Acquisition's EBIT compare to WELNF and FTII?

Newbury Street Acquisition's EBIT of $-1.59 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 Newbury Street Acquisition. Newbury Street Acquisition's current EBIT is $-1.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Newbury Street Acquisition stock overvalued right now?

Newbury Street Acquisition (NBSTU) has a current EBIT of $-1.59 Mil. The current EBIT is $-1.59 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 Newbury Street Acquisition (NBSTU), the current EBIT is $-1.59 Mil as of Mar. 2024. 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.

Newbury Street Acquisition Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies WELNF FTII ALSAF TETEF WINV TBMC MSSA ALCY FORL IGTA AACT ANSC AAM GATE EQV NETD CCIX KFII CCIR GPAT

Address 121 High Street, Floor 3, Boston, MA, USA, 02110

Newbury Street Acquisition Corp is a blank check company.