Prime Number Acquisition I (Prime Number Acquisition I) EBIT : $-1.34 Mil (TTM As of Jun. 2023)

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What is Prime Number Acquisition I EBIT?

Prime Number Acquisition I's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-1.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Prime Number Acquisition I's annualized ROC % for the quarter that ended in Jun. 2023 was -1.59%. Prime Number Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -3.55%.

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

Prime Number Acquisition I EBIT Historical Data

The historical data trend for Prime Number 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.

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Prime Number Acquisition I EBIT Chart

Prime Number Acquisition I Annual Data

Trend

Dec21

Dec22

EBIT

-0.64

Prime Number Acquisition I Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial				-0.13	-0.17	-0.33	-0.34	-0.50

Competitive Comparison of Prime Number Acquisition I's EBIT

For the Shell Companies subindustry, Prime Number 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.

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

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

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

Prime Number 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.34 Mil.

Prime Number Acquisition I (NAS:PNACW) EBIT Explanation

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

Prime Number Acquisition I'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 )
=	-2.016 * ( 1 - 55.29% )	/	( (64.75	+	48.932)	/ 2 )
=	-0.9013536	/	56.841
=	-1.59 %

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	))
=	67.673	-	2.823	-	( 0.1	-	max(0, 2.861	-	67.673	+	0.1	))
=	64.75

	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	))
=	52.342	-	3.297	-	( 0.113	-	max(0, 3.683	-	52.342	+	0.113	))
=	48.932

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

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

Prime Number Acquisition I'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 )
=	-2.016	/	( ( (0 + max(64.712, 0))	+	(0 + max(48.904, 0)) )	/	2 )
=	-2.016	/	( ( 64.712	+	48.904 )	/	2 )
=	-2.016	/	56.808
=	-3.55 %

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	+	67.573)	-	(2.823	+	0.039	+	-0.00099999999999989)
=	64.712

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	52.229)	-	(3.297	+	0.028	+	-4.4408920985006E-16)
=	48.904

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-1.343	/	0.000
	=	%

Prime Number Acquisition I EBIT Related Terms

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