SEP Acquisition (SEP Acquisition) EBIT : $-2.34 Mil (TTM As of Dec. 2023)

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What is SEP Acquisition EBIT?

SEP Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SEP Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -30.47%. SEP Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SEP Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.71%.

SEP Acquisition EBIT Historical Data

The historical data trend for SEP 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.

SEP Acquisition EBIT Chart

SEP Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

8.22

-2.34

SEP Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial							1.36	0.02	0.21	-2.04	-0.54

Competitive Comparison of SEP Acquisition's EBIT

For the Shell Companies subindustry, SEP 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.

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

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

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

SEP 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.34 Mil.

SEP Acquisition (NAS:SEPA) EBIT Explanation

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

SEP Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-4.452 * ( 1 - 0% )	/	( (14.542	+	14.682)	/ 2 )
=	-4.452	/	14.612
=	-30.47 %

where

	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	))
=	14.249	-	1.415	-	( 0.518	-	max(0, 2.287	-	0.579	+	0.518	))
=	14.542

	Invested Capital		(Q: Dec. 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	))
=	13.693	-	1.413	-	( 0.017	-	max(0, 2.44	-	0.038	+	0.017	))
=	14.682

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

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

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

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.16	/	( ( (0 + max(-1.497, 0))	+	(0 + max(-1.471, 0)) )	/	2 )
=	-2.16	/	( ( 0	+	0 )	/	2 )
=	-2.16	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.061)	-	(1.415	+	0	+	0.143)
=	-1.497

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.021)	-	(1.413	+	0	+	0.079)
=	-1.471

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.341	/	49.714
	=	-4.71 %

SEP Acquisition EBIT Related Terms

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SEP Acquisition (SEP Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SEP Acquisition Corp (NAS:SEPA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3737 Buffalo Speedway, Suite 1750, Houston, TX, USA, 77098

Website

https://www.seplp.com

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

Executives

Marshall Blair Garrou	director, 10 percent owner	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
David L. Magdol	director	1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Mia Mends	director	5254 BIRDWOOD ROAD, HOUSTON TX 77096
Jay Gardner	director	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Mercury Sponsor Group I Llc	10 percent owner	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Robert Andrew White	director, 10 percent owner, officer: President and CEO	3737 BUFFALO SPEEDWAY, HOUSTON TX 77098
Winston Gilpin	officer: CFO and Secretary	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Carolyn Rodz	director	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Christine Cardenas	officer: VP and Chief Strategy Officer	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098

SEP Acquisition (SEP Acquisition) Headlines

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