Infinite Acquisition (Infinite Acquisition) EBIT : $-1.45 Mil (TTM As of Jun. 2023)

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What is Infinite Acquisition EBIT?

Infinite Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-1.45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Infinite Acquisition's annualized ROC % for the quarter that ended in Jun. 2023 was -0.46%. Infinite 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. Infinite Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -0.39%.

Infinite Acquisition EBIT Historical Data

The historical data trend for Infinite 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.

Infinite Acquisition EBIT Chart

Infinite Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-1.64

Infinite Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					-0.44	-0.44	-0.24	-0.44	-0.34

Competitive Comparison of Infinite Acquisition's EBIT

For the Shell Companies subindustry, Infinite 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.

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

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

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

Infinite 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 $-1.45 Mil.

Infinite Acquisition (NYSE:NFNT) EBIT Explanation

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

Infinite 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 )
=	-1.348 * ( 1 - 0% )	/	( (289.075	+	292.44)	/ 2 )
=	-1.348	/	290.7575
=	-0.46 %

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	))
=	288.958	-	0.653	-	( 0.039	-	max(0, 1.103	-	0.333	+	0.039	))
=	289.075

	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	))
=	292.113	-	0.78	-	( 0.012	-	max(0, 1.23	-	0.123	+	0.012	))
=	292.44

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

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

Infinite 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 )
=	-1.348	/	( ( (0 + max(-0.359, 0))	+	(0 + max(-0.669, 0)) )	/	2 )
=	-1.348	/	( ( 0	+	0 )	/	2 )
=	-1.348	/	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	+	0.294)	-	(0.653	+	0	+	0)
=	-0.359

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.111)	-	(0.78	+	0	+	0)
=	-0.669

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-1.452	/	374.245
	=	-0.39 %

Infinite Acquisition EBIT Related Terms

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Infinite Acquisition (Infinite Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

745 Fifth Avenue, 15th Floor, New York, NY, USA, 10151

Website

https://infiniteacquisitioncorp.com

Infinite Acquisition Corp is a blank check company.

Executives

David Scott Farber	officer: Chief Financial Officer	745 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10151
Anre D Williams	director	200 VESEY STREET, NEW YORK NY 10285
Rosenstock James Arthur Iii	officer: Chief Financial Officer	3280 PEACHTREE ROAD NE, SUITE 600, ATLANTA GA 30305
Infinite Sponsor, Llc	10 percent owner	660 MADISON AVENUE, NEW YORK NY 10065
Aryeh B Burkoff	director	C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Annastasia Skilakos Seebohm	director	C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Alex Michael	officer: Chief Development Officer	C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Samuel W Lessin	director	C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Kevin Durant	director, officer: Co-CEO and Director	C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Stacey Bendet	director	C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Richard Kleiman	director, officer: Co-CEO and Director	C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065

Infinite Acquisition (Infinite Acquisition) Headlines

From GuruFocus

Infinite Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing January 10, 2022

By Business Wire Business Wire • 01-05-2022

Infinite Acquisition Corp. will redeem its Class A Ordinary Shares and will not consummate an initial business combination

By PRNewswire • 10-23-2023

Infinite Acquisition Corp. Announces Closing of Upsized $276 Million Initial Public Offering

By Business Wire Business Wire • 11-24-2021