Pure Acquisition (Pure Acquisition) EBIT : $-4.43 Mil (TTM As of Jun. 2020)

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What is Pure Acquisition EBIT?

Pure Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2020 was $-0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $-4.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pure Acquisition's annualized ROC % for the quarter that ended in Jun. 2020 was -0.42%. Pure Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pure Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -2.85%.

Pure Acquisition EBIT Historical Data

The historical data trend for Pure 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.

Pure Acquisition EBIT Chart

Pure Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

EBIT

-0.32

-3.22

Pure Acquisition Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
EBIT	Get a 7-Day Free Trial					-0.10	-0.22	-2.71	-1.27	-0.23

Competitive Comparison of Pure Acquisition's EBIT

For the Shell Companies subindustry, Pure 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.

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

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

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

Pure 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.43 Mil.

Pure Acquisition (NAS:PACQ) EBIT Explanation

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

Pure Acquisition's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

	ROC % (Q: Jun. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2020 )	+	Invested Capital (Q: Jun. 2020 ))	/ count )
=	-0.908 * ( 1 - -2.24% )	/	( (382.037	+	63.293)	/ 2 )
=	-0.9283392	/	222.665
=	-0.42 %

where

	Invested Capital		(Q: Mar. 2020 )
=	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	))
=	373.97	-	2.888	-	( 0.108	-	max(0, 11.063	-	0.108	+	0.108	))
=	382.037

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	53.219	-	2.412	-	( 0.026	-	max(0, 12.512	-	0.026	+	0.026	))
=	63.293

Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data.

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

Pure Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2020		Q: Jun. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.908	/	( ( (0 + max(-2.888, 0))	+	(0 + max(-2.412, 0)) )	/	2 )
=	-0.908	/	( ( 0	+	0 )	/	2 )
=	-0.908	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2.888	+	0	+	0)
=	-2.888

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2.412	+	0	+	0)
=	-2.412

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2020 )
	=	-4.425	/	155.160
	=	-2.85 %

Pure Acquisition EBIT Related Terms

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Pure Acquisition (Pure Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pure Acquisition Corp (NAS:PACQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

421 West 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102

Website

Pure Acquisition Corp is a blank check company. The firm intends to focus its search for a target business in the energy industry, including the upstream oil and gas industry in North America.