GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » New Providence Acquisition Corp II (NAS:NPABW) » Definitions » EBIT

New Providence Acquisition II (New Providence Acquisition II) EBIT : $-1.40 Mil (TTM As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is New Providence Acquisition II EBIT?

New Providence Acquisition II's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Providence Acquisition II's annualized ROC % for the quarter that ended in Mar. 2024 was -1.60%. New Providence Acquisition II'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.

New Providence Acquisition II EBIT Historical Data

The historical data trend for New Providence Acquisition II'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.

New Providence Acquisition II EBIT Chart

New Providence Acquisition II Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-0.47 -1.26 -1.33

New Providence Acquisition II Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.33 -0.47 -0.36 -0.18 -0.40

Competitive Comparison of New Providence Acquisition II's EBIT

For the Shell Companies subindustry, New Providence Acquisition II'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.

New Providence Acquisition II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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


New Providence Acquisition II 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 $-1.40 Mil.

* 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.

New Providence Acquisition II  (NAS:NPABW) EBIT Explanation

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

New Providence Acquisition II'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 )
=-1.596 * ( 1 - 42.2% )/( (57.271 + 58.002)/ 2 )
=-0.922488/57.6365
=-1.60 %

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))
=57.051 - 3.561 - ( 0.057 - max(0, 3.851 - 0.07+0.057))
=57.271

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))
=57.548 - 3.557 - ( 0.055 - max(0, 4.147 - 0.136+0.055))
=58.002

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

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

New Providence Acquisition II'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 )
=-1.596/( ( (0 + max(-3.548, 0)) + (0 + max(-3.476, 0)) )/ 2 )
=-1.596/( ( 0 + 0 )/ 2 )
=-1.596/0
= %

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 + 0.013) - (3.561 + 0 + 0)
=-3.548

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.081) - (3.557 + 0 + 0)
=-3.476

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-1.399/0.000
= %

* 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.

New Providence Acquisition II EBIT Related Terms

Thank you for viewing the detailed overview of New Providence Acquisition II's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

New Providence Acquisition II (New Providence Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » New Providence Acquisition Corp II (NAS:NPABW) » Definitions » EBIT
Comparable Companies
DSAQ ARRW NSTB TBCP OPA MCAC EVGR GATE FIAC GPAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
NPAB:USA
Address
10900 Research Boulevard, Suite 160C, PMB 1081, Austin, TX, USA, 78759
Website
https://www.npa-corp.com
New Providence Acquisition Corp II is a blank check company formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses.