Appreciate Holdings (Appreciate Holdings) EBIT : $0.45 Mil (TTM As of Sep. 2022)

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What is Appreciate Holdings EBIT?

Appreciate Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-1.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $0.45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Appreciate Holdings's annualized ROC % for the quarter that ended in Sep. 2022 was -1.98%. Appreciate Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Appreciate Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 1,354.55%.

Appreciate Holdings EBIT Historical Data

The historical data trend for Appreciate Holdings'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.

Appreciate Holdings EBIT Chart

Appreciate Holdings Annual Data

Trend

Dec20

Dec21

EBIT

11.03

Appreciate Holdings Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial				-0.23	11.82	-0.44	-9.89	-1.05

Competitive Comparison of Appreciate Holdings's EBIT

For the Real Estate Services subindustry, Appreciate Holdings'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.

Appreciate Holdings's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Appreciate Holdings's EV-to-EBIT distribution charts can be found below:

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

Appreciate Holdings 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.45 Mil.

Appreciate Holdings (OTCPK:SFRT) EBIT Explanation

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

Appreciate Holdings's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-4.208 * ( 1 - -8.5% )	/	( (230.091	+	231.123)	/ 2 )
=	-4.56568	/	230.607
=	-1.98 %

where

	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	))
=	230.479	-	9.602	-	( 0.233	-	max(0, 9.602	-	0.388	+	0.233	))
=	230.091

	Invested Capital		(Q: Sep. 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	))
=	231.212	-	10.339	-	( 0.057	-	max(0, 10.414	-	0.164	+	0.057	))
=	231.123

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

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

Appreciate Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.208	/	( ( (0 + max(-9.447, 0))	+	(0 + max(-10.232, 0)) )	/	2 )
=	-4.208	/	( ( 0	+	0 )	/	2 )
=	-4.208	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.155)	-	(9.602	+	0	+	0)
=	-9.447

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.107)	-	(10.339	+	0	+	0)
=	-10.232

When net working capital is negative, 0 is used.

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

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

Appreciate Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	0.447	/	0.033
	=	1,354.55 %

Appreciate Holdings EBIT Related Terms

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Appreciate Holdings (Appreciate Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Appreciate Holdings Inc (OTCPK:SFRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6101 Baker Rd, Suite 200, Minnetonka, MN, USA, MN 55345

Website

https://www.appreciate.rent

Appreciate Holdings Inc through its operating company Renters Warehouse offers an end-to-end Single Family Rental marketplace and management platform. The company offers a full-service platform for investing in and owning SFR properties, including a proprietary online marketplace and full-service brokerage teams.

Executives

Laurie A. Hawkes	director	7047 EAST GREENWAY PARKWAY, SUITE 350, SCOTTSDALE AZ 85254
Lake Street Landlords, Llc	10 percent owner	315 LAKE STREET E., SUITE 301, WAYZATA MN 55391
Nolan Jacobson	officer: Chief Financial Officer	19880 ANDOVER PLACE, EXCELSIOR MN 55331
Todd Jable	officer: Chief Technology Officer & COO	996 NORTH ARM DRIVE, ORONO MN 55364
Christopher Laurence	director, officer: Chief Executive Officer	1233 SNOW BERRY STREET, PARK CITY UT 84098
Kevin Ortner	officer: President	7008 SANDY HOOK CIRCLE, CHANHASSEN MN 55317
Marcy Haymaker	director	C/O PERCEPTION CAPITAL CORP. II, 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Scott Honour	director	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
William John Bush	director	539 BRYANT STREET, SUITE 403, SAN FRANCISCO CA 94107
Douglas Bergeron	director	111 W. OCEAN BOULEVARD, LONG BEACH CA 90802
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Robinson Courtney A	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Thomas D Hennessy	director, 10 percent owner, officer: Co-CEO and President	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Hc Proptech Partners Ii Llc	10 percent owner	3485 N. PINES WAY, SUITE 110, WILSON WY 83014
Gloria Fu	director	3485 N. PINES WAY, SUITE 110, WILSON WY 83014