One Equity Partners Open Water I (One Equity Partners Open Water I) EBIT : $-1.21 Mil (TTM As of Sep. 2022)

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

What is One Equity Partners Open Water I EBIT?

One Equity Partners Open Water I's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. One Equity Partners Open Water I's annualized ROC % for the quarter that ended in Sep. 2022 was -0.20%. One Equity Partners Open Water I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

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

One Equity Partners Open Water I EBIT Historical Data

The historical data trend for One Equity Partners Open Water I'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.

One Equity Partners Open Water I EBIT Chart

One Equity Partners Open Water I Annual Data

Trend

Dec20

Dec21

EBIT

-1.11

One Equity Partners Open Water I Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial			-0.13	-0.51	-0.19	-0.30	-0.21

Competitive Comparison of One Equity Partners Open Water I's EBIT

For the Shell Companies subindustry, One Equity Partners Open Water I'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.

One Equity Partners Open Water I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, One Equity Partners Open Water I's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where One Equity Partners Open Water I's EV-to-EBIT falls into.

One Equity Partners Open Water I 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.21 Mil.

One Equity Partners Open Water I (NAS:OEPWU) EBIT Explanation

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

One Equity Partners Open Water I's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-0.828 * ( 1 - 17.56% )	/	( (345.208	+	346.289)	/ 2 )
=	-0.6826032	/	345.7485
=	-0.20 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	346.357	-	0.815	-	( 0.338	-	max(0, 0.815	-	1.149	+	0.338	))
=	345.208

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	347.282	-	1.082	-	( 0.292	-	max(0, 1.082	-	0.993	+	0.292	))
=	346.289

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

One Equity Partners Open Water I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.828	/	( ( (0 + max(-0.004, 0))	+	(0 + max(-0.381, 0)) )	/	2 )
=	-0.828	/	( ( 0	+	0 )	/	2 )
=	-0.828	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.811)	-	(0.815	+	0	+	0)
=	-0.004

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.701)	-	(1.082	+	0	+	0)
=	-0.381

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

One Equity Partners Open Water I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-1.207	/	0.000
	=	%

One Equity Partners Open Water I EBIT Related Terms

Thank you for viewing the detailed overview of One Equity Partners Open Water I's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

One Equity Partners Open Water I (One Equity Partners Open Water I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » One Equity Partners Open Water I Corp (NAS:OEPWU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o OEP Open Water I Holdings LLC, 510 Madison Avenue, 19th Floor, New York, NY, USA, 10022

Website

https://www.oepopenwater.com

One Equity Partners Open Water I Corp is a blank check company.

Executives

Emiko Higashi	director	C/O GILO VENTURES, 175 ALMENDRAL AVENUE, ATHERTON CA 94027
Richard Todd Bradley	director, officer: Chief Executive Officer	C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304
Lori A. Lutey	director	3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Bradley J Coppens	officer: Executive Vice President	4300 44TH STREET SE, GRAND RAPIDS MI 49512
Paul Iv Schorr	director
Gregory Belinfanti	director	7500 RIALTO BLVD, BLDG TWO, STE 100, AUSTIN TX 78735
James W Koven	director	320 PARK AVE, 18TH FL, NEW YORK NY 10022
Neil M Kurtz	director	11085 NORTH TORREY PINES ROAD, SUITE 103, LA JOLLA CA 92037
Oep Open Water I Holdings, Llc	10 percent owner	510 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
Rob Sivitilli	director	C/O ONE EQUITY PARTNERS, 510 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
Jordan Lawrie	officer: Vice President	C/O ONE EQUITY PARTNERS, 510 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
David Lippin	officer: Executive Vice President	C/O ONE EQUITY PARTNERS, 510 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
Jessica Marion	officer: Chief Financial Officer	C/O ONE EQUITY PARTNERS, 510 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022

One Equity Partners Open Water I (One Equity Partners Open Water I) Headlines

From GuruFocus

One Equity Partners Open Water I Corp. Obtains Stockholder Approval to Terminate Before Year-End

By Business Wire Business Wire • 12-01-2022

Stemming from SEC Guidance Concerning Balance Sheet Treatment of Warrants, One Equity Partners Open Water I Corp. Announces Receipt of NASDAQ Continued Listing Standard Notice

By PRNewswire PRNewswire • 06-04-2021

One Equity Partners Open Water I Corp. Closes $345 Million Initial Public Offering

By PRNewswire PRNewswire • 01-26-2021

One Equity Partners Open Water I Corp. Files Preliminary Proxy Statement to Obtain Stockholder Approval to Liquidate Early

By Business Wire Business Wire • 10-28-2022