RCLFU (Rosecliff Acquisition I) EBIT : $-2.54 Mil (TTM As of Jun. 2023)

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What is Rosecliff Acquisition I EBIT?

Rosecliff Acquisition I's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-1.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-2.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rosecliff Acquisition I's annualized ROC % for the quarter that ended in Jun. 2023 was -126.96%. Rosecliff Acquisition I'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.

Rosecliff Acquisition I EBIT Historical Data

The historical data trend for Rosecliff 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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Rosecliff Acquisition I EBIT Chart

Rosecliff Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-3.42

-1.25

Rosecliff Acquisition I Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					-0.25	-0.24	-0.30	-0.53	-1.48

Competitive Comparison of Rosecliff Acquisition I's EBIT

For the Shell Companies subindustry, Rosecliff 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.

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

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

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

Rosecliff 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 $-2.54 Mil.

Rosecliff Acquisition I (NAS:RCLFU) EBIT Explanation

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

Rosecliff 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 )
=	-5.904 * ( 1 - -0.98% )	/	( (4.667	+	4.725)	/ 2 )
=	-5.9618592	/	4.696
=	-126.96 %

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	))
=	5.413	-	3.965	-	( 0.542	-	max(0, 3.965	-	0.746	+	0.542	))
=	4.667

	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	))
=	5.304	-	5.284	-	( 0.409	-	max(0, 5.284	-	0.579	+	0.409	))
=	4.725

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

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

Rosecliff 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 )
=	-5.904	/	( ( (0 + max(-3.761, 0))	+	(0 + max(-5.114, 0)) )	/	2 )
=	-5.904	/	( ( 0	+	0 )	/	2 )
=	-5.904	/	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	+	0.204)	-	(3.965	+	0	+	0)
=	-3.761

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.17)	-	(5.284	+	0	+	0)
=	-5.114

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-2.54	/	0.000
	=	%

Rosecliff Acquisition I EBIT Related Terms

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Rosecliff Acquisition I Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 5th Avenue, 34th Floor, New York, NY, USA, 10153

Website

https://www.rosecliffspac.com

Rosecliff Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Brian J Radecki	director	C/O COSTAR GROUP, INC., 1331 L STREET, NW, WASHINGTON DC 20005
Jordan Zimmerman	director, officer: President	2200 W. COMMERCIAL BLVD., 3RD FLOOR, FORT LAUDERDALE FL 33309
Kieran Goodwin	director, officer: Chief Financial Officer	925 PARK AVENUE 11B, NEW YORK NY 10028
Rosecliff Acquisition Sponsor I Llc	director, 10 percent owner, officer: Chief Executive Officer	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Edmonds Franklin S. Jr.	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Heather Bellini	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Michael Patrick Murphy	10 percent owner	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153