RMGUF (RMG Acquisition III) EBIT : $-5.55 Mil (TTM As of Sep. 2023)

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What is RMG Acquisition III EBIT?

RMG Acquisition III's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-1.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-5.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RMG Acquisition III's annualized ROC % for the quarter that ended in Sep. 2023 was -69.11%. RMG Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

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

RMG Acquisition III EBIT Historical Data

The historical data trend for RMG Acquisition 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.

RMG Acquisition III EBIT Chart

RMG Acquisition III Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

7.71

15.88

RMG Acquisition III Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial							1.19	2.23	-2.78	-3.25	-1.75

Competitive Comparison of RMG Acquisition III's EBIT

For the Shell Companies subindustry, RMG Acquisition 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.

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

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

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

RMG Acquisition 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.55 Mil.

RMG Acquisition III (OTCPK:RMGUF) EBIT Explanation

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

RMG Acquisition III's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-5.82 * ( 1 - 0% )	/	( (10.187	+	6.655)	/ 2 )
=	-5.82	/	8.421
=	-69.11 %

where

	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	))
=	10.269	-	6.792	-	( 0.035	-	max(0, 6.792	-	0.082	+	0.035	))
=	10.187

	Invested Capital		(Q: Sep. 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	))
=	7.017	-	7.874	-	( 0.311	-	max(0, 7.874	-	0.362	+	0.311	))
=	6.655

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

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

RMG Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.988	/	( ( (0 + max(-6.745, 0))	+	(0 + max(-7.823, 0)) )	/	2 )
=	-6.988	/	( ( 0	+	0 )	/	2 )
=	-6.988	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.047)	-	(6.792	+	0	+	0)
=	-6.745

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.051)	-	(7.874	+	0	+	0)
=	-7.823

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-5.546	/	0.000
	=	%

RMG Acquisition III EBIT Related Terms

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RMG Acquisition III Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RMG Acquisition Corp III (OTCPK:RMGUF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

5775 Collins Avenue, Suite 403, 57 Ocean, Miami Beach, FL, USA, 33140

Website

https://www.rmgacquisition.com

RMG Acquisition Corp III is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

W Grant Gregory	director	C/O AMBAC FINANCIAL GROUP INC, 1 STATE STREET PLAZA, NEW YORK NY 10004
Philip Kassin	director, 10 percent owner, officer: President, COO	3 COLUMBUS CIRCLE, NEW YORK NY 10019
Catherine Rice	director	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
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	C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Mkc Investments Llc	director, 10 percent owner	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
Wesley Sima	officer: Chief Financial Officer	C/O RMG ACQUISITION CORP. II, 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Rmg Sponsor Iii, Llc	10 percent owner	50 WEST STREET, SUITE 40C, NEW YORK NY 10006