Plum Acquisition I (Plum Acquisition I) EBIT : $-2.66 Mil (TTM As of Mar. 2024)

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What is Plum Acquisition I EBIT?

Plum Acquisition I's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-3.79 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Plum Acquisition I's annualized ROC % for the quarter that ended in Mar. 2024 was -9.43%. Plum Acquisition I'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.

Plum Acquisition I EBIT Historical Data

The historical data trend for Plum Acquisition 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.

Plum Acquisition I EBIT Chart

Plum Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-3.48

10.58

0.73

Plum Acquisition I Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								-0.39	5.31	-2.14	-2.04	-3.79

Competitive Comparison of Plum Acquisition I's EBIT

For the Shell Companies subindustry, Plum Acquisition 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.

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

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

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

Plum Acquisition 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.66 Mil.

Plum Acquisition I (NAS:PLMIU) EBIT Explanation

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

Plum Acquisition I'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 )
=	-3.676 * ( 1 - 0% )	/	( (38.373	+	39.572)	/ 2 )
=	-3.676	/	38.9725
=	-9.43 %

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	))
=	35.702	-	4.919	-	( 0.095	-	max(0, 7.736	-	0.146	+	0.095	))
=	38.373

	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	))
=	36.242	-	5.487	-	( 0.033	-	max(0, 8.952	-	0.135	+	0.033	))
=	39.572

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

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

Plum Acquisition I'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 )
=	-15.16	/	( ( (0 + max(-6.435, 0))	+	(0 + max(-7.6, 0)) )	/	2 )
=	-15.16	/	( ( 0	+	0 )	/	2 )
=	-15.16	/	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	+	0.051)	-	(4.919	+	0	+	1.567)
=	-6.435

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.102)	-	(5.487	+	0	+	2.215)
=	-7.6

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-2.655	/	0.000
	=	%

Plum Acquisition I EBIT Related Terms

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Plum Acquisition I (Plum Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Plum Acquisition Corp I (NAS:PLMIU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PLMI:USA

Address

2021 Fillmore Street, Suite 2089, San Francisco, CA, USA, 94115

Website

https://www.plumpartners.com

Plum Acquisition Corp I is a blank check company.

Executives

Brian Kevin Turner	director	C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Ursula M Burns	director, 10 percent owner, officer: Executive Chairwoman	200 SE MIZNER BLVD, UNIT 703, BOCA RATON FL 33432
Jennifer Ceran	director	C/O QUOTIENT TECHNOLOGY INC., 400 LOGUE AVE, MOUNTAIN VIEW CA 94043
Lane Bess	director	C/O ZSCALER INC, 110 ROSE ORCHARD WAY, SAN JOSE CA 95134
Kelly Wright	director	C/O TABLEAU SOFTWARE, INC., 837 NORTH 34TH ST., SUITE 200, SEATTLE WA 98103
Alok Sama	director	C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Plum Partners, Llc	director, 10 percent owner	2021 FILLMORE STREET, SUITE 2089, SAN FRANCISCO CA 94115
Mike John Dinsdale	director, 10 percent owner, officer: See Remarks	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Kanishka Roy	director, 10 percent owner, officer: President	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Vinodka Murria	director	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Clay Whitehead	director, 10 percent owner, officer: Chief Executive Officer	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610

Plum Acquisition I (Plum Acquisition I) Headlines

From GuruFocus

Veea, Inc. and Plum Acquisition Corp. I Announce Letter of Intent for a Business Combination

By GlobeNewswire • 11-13-2023

GLAZER CAPITAL, LLC Acquires Stake in Plum Acquisition Corp I

By GuruFocus Research • 07-12-2023