PRPC.U (CC Neuberger Principal Holdings III) EBIT : $9.48 Mil (TTM As of Jun. 2023)

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What is CC Neuberger Principal Holdings III EBIT?

CC Neuberger Principal Holdings III's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $0.43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $9.48 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CC Neuberger Principal Holdings III's annualized ROC % for the quarter that ended in Jun. 2023 was -2.83%. CC Neuberger Principal Holdings III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

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

CC Neuberger Principal Holdings III EBIT Historical Data

The historical data trend for CC Neuberger Principal Holdings III'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.

CC Neuberger Principal Holdings III EBIT Chart

CC Neuberger Principal Holdings III Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-9.03

34.05

CC Neuberger Principal Holdings III Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					13.74	3.73	5.96	-0.65	0.43

Competitive Comparison of CC Neuberger Principal Holdings III's EBIT

For the Shell Companies subindustry, CC Neuberger Principal Holdings III'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.

CC Neuberger Principal Holdings III's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, CC Neuberger Principal Holdings III's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CC Neuberger Principal Holdings III's EV-to-EBIT falls into.

CC Neuberger Principal Holdings III 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 $9.48 Mil.

CC Neuberger Principal Holdings III (NYSE:PRPC.U) EBIT Explanation

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

CC Neuberger Principal Holdings III'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 )
=	-1.36 * ( 1 - 0% )	/	( (47.673	+	48.529)	/ 2 )
=	-1.36	/	48.101
=	-2.83 %

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	))
=	47.964	-	0.621	-	( 0.217	-	max(0, 0.621	-	0.291	+	0.217	))
=	47.673

	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	))
=	48.675	-	0.609	-	( 0.024	-	max(0, 0.609	-	0.146	+	0.024	))
=	48.529

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

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

CC Neuberger Principal Holdings III'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 )
=	1.728	/	( ( (0 + max(-0.547, 0))	+	(0 + max(-0.487, 0)) )	/	2 )
=	1.728	/	( ( 0	+	0 )	/	2 )
=	1.728	/	0
=	%

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	+	0.074)	-	(0.621	+	0	+	0)
=	-0.547

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.122)	-	(0.609	+	0	+	0)
=	-0.487

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:

CC Neuberger Principal Holdings III's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	9.475	/	0.000
	=	%

CC Neuberger Principal Holdings III EBIT Related Terms

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CC Neuberger Principal Holdings III Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CC Neuberger Principal Holdings III (NYSE:PRPC.U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Park Avenue, 58th Floor, New York, NY, USA, 10166

Website

https://www.ccnbprincipal.com

CC Neuberger Principal Holdings III is a blank check company.

Executives

Matthew Mannelly	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Hackney Jesse Joel Jr	director	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Chinh Chu	director, officer: Chief Executive Officer	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Jason K Giordano	officer: EVP, Corporate Development	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Matthew Skurbe	officer: Chief Financial Officer	C/O CC NEUBERGER PRINCIPAL HOLDINGS II, 200 PARK AVE, 58TH FLOOR, NEW YORK NY 10166
Keith W Abell	director	388 GREENWICH STREET 36TH FLOOR, NEW YORK NY 10013
Douglas Newton	officer: EVP, Corporate Development	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Charles Kantor	director	C/O NEUBERGER BERMAN, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Cc Neuberger Principal Holdings Iii Sponsor Llc	director, 10 percent owner	C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166

CC Neuberger Principal Holdings III Headlines

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