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Recharge Acquisition (Recharge Acquisition) EBIT : $-1.04 Mil (TTM As of Jun. 2022)


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What is Recharge Acquisition EBIT?

Recharge Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-1.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Recharge Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.37%. Recharge Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Recharge Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -0.41%.

Recharge Acquisition EBIT Historical Data

The historical data trend for Recharge 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.

Recharge Acquisition EBIT Chart

Recharge Acquisition Annual Data
Trend Dec20 Dec21
EBIT
- -1.07

Recharge Acquisition Quarterly Data
Jul20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
EBIT Get a 7-Day Free Trial -0.18 -0.35 -0.31 -0.18 -0.19

Competitive Comparison of Recharge Acquisition's EBIT

For the Shell Companies subindustry, Recharge 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.

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

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

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


Recharge 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.04 Mil.

* 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.

Recharge Acquisition  (NAS:RCHG) EBIT Explanation

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

Recharge Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=-0.752 * ( 1 - 0.72% )/( (202.684 + 202.82)/ 2 )
=-0.7465856/202.752
=-0.37 %

where

Invested Capital(Q: Mar. 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))
=202.97 - 0.313 - ( 0.383 - max(0, 0.498 - 0.471+0.383))
=202.684

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))
=203.019 - 0.317 - ( 0.332 - max(0, 0.502 - 0.384+0.332))
=202.82

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

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

Recharge Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.752/( ( (0 + max(-0.225, 0)) + (0 + max(-0.265, 0)) )/ 2 )
=-0.752/( ( 0 + 0 )/ 2 )
=-0.752/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.088) - (0.313 + 0 + 0)
=-0.225

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.052) - (0.317 + 0 + 0)
=-0.265

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=-1.035/253.359
=-0.41 %

* 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.

Recharge Acquisition EBIT Related Terms

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Recharge Acquisition (Recharge Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Recharge Acquisition Corp (NAS:RCHG) » Definitions » EBIT
Comparable Companies
GEEX SMIH GVCI ATAK BITE APAC VHNA MLAI TCAC CRZN GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1900 Main Street, Suite 201, Sarasota, FL, USA, 34236
Website
Recharge Acquisition Corp is a blank check company.
Executives
Anthony R. Kenney director, officer: Chief Executive Officer C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Mitchell D Steenrod director 12800 TUCKAHOE CREEK PKWY, RICHMOND VA 23238
John E. Bachman director 77 EXETER STREET, 1809, BOSTON MA 02116
Rajesh K Soin director, 10 percent owner
Donald R Graber director
Michael I Gearhardt officer: Chief Financial Officer C/O MTC TECHNOLOGIES INC, 4032 LINDEN AVENUE, DAYTON OH 45432
Skg Sponsor Llc 10 percent owner 1129 MIAMISBURG CENTERVILLE RD., WEST CARROLLTON OH 45449