RMG Acquisition (RMG Acquisition) EBIT : $-4.77 Mil (TTM As of Sep. 2020)

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What is RMG Acquisition EBIT?

RMG Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-0.61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-4.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RMG Acquisition's annualized ROC % for the quarter that ended in Sep. 2020 was -0.88%. RMG Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was %.

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

RMG Acquisition EBIT Historical Data

The historical data trend for RMG 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.

RMG Acquisition EBIT Chart

RMG Acquisition Annual Data

Trend

Dec18

Dec19

EBIT

-1.09

RMG Acquisition Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EBIT	Get a 7-Day Free Trial			0.89	-3.60	-0.28	-0.28	-0.61

Competitive Comparison of RMG Acquisition's EBIT

For the Shell Companies subindustry, RMG 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.

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

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

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

RMG 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.77 Mil.

RMG Acquisition (NYSE:RMG.U) EBIT Explanation

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

RMG Acquisition's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	-2.556 * ( 1 - 19.48% )	/	( (234.151	+	234.179)	/ 2 )
=	-2.0580912	/	234.165
=	-0.88 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	235	-	0.228	-	( 0.713	-	max(0, 0.228	-	0.849	+	0.713	))
=	234.151

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	234.639	-	0.359	-	( 0.316	-	max(0, 0.359	-	0.46	+	0.316	))
=	234.179

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

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

RMG Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.444	/	( ( (0 + max(-0.092, 0))	+	(0 + max(-0.215, 0)) )	/	2 )
=	-2.444	/	( ( 0	+	0 )	/	2 )
=	-2.444	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.136)	-	(0.228	+	0	+	0)
=	-0.092

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.144)	-	(0.359	+	0	+	0)
=	-0.215

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2020 )
	=	-4.768	/	0.000
	=	%

RMG Acquisition EBIT Related Terms

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RMG Acquisition (RMG Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RMG Acquisition Corp (NYSE:RMG.U) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

http://www.rmgacquisition.com

RMG Acquisition Corp is a shell company.

Executives

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
Philip Kassin	director, 10 percent owner, officer: President and COO	3 COLUMBUS CIRCLE, NEW YORK NY 10019
Robert S. Mancini	director, 10 percent owner, officer: Chief Executive Officer	C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
David James Carpenter	director, 10 percent owner, officer: Chairman	C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Rmg Sponsor, Llc	10 percent owner	C/O RMG ACQUISITION CORP. 50 WEST STREET, SUITE 40C NEW YORK NY 10006
Mkc Investments Llc	10 percent owner	C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Steven Buffone	director	C/O RMG ACQUISITION CORP. 50 WEST STREET, SUITE 40C NEW YORK NY 10006
W. Thaddeus Miller	director	717 TEXAS AVENUE, SUITE 1000, HOUSTON TX 77002
Craig W. Broderick	director	C/O RMG ACQUISITION CORP., SUITE 40C, 50 WEST STREET, NEW YORK NY 10006
W Grant Gregory	director	C/O AMBAC FINANCIAL GROUP INC, 1 STATE STREET PLAZA, NEW YORK NY 10004
Heinz C Schimmelbusch	director