Spree Acquisition 1 (Spree Acquisition 1) EBIT : $-3.18 Mil (TTM As of Mar. 2023)

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What is Spree Acquisition 1 EBIT?

Spree Acquisition 1's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-3.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spree Acquisition 1's annualized ROC % for the quarter that ended in Mar. 2023 was -0.75%. Spree Acquisition 1's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spree Acquisition 1's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -2.87%.

Spree Acquisition 1 EBIT Historical Data

The historical data trend for Spree Acquisition 1'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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Spree Acquisition 1 EBIT Chart

Spree Acquisition 1 Annual Data

Trend

Dec21

Dec22

EBIT

-3.10

Spree Acquisition 1 Quarterly Data
	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial			-0.30	-0.45	-0.70	-1.64	-0.39

Competitive Comparison of Spree Acquisition 1's EBIT

For the Shell Companies subindustry, Spree Acquisition 1'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.

Spree Acquisition 1's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Spree Acquisition 1's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Spree Acquisition 1's EV-to-EBIT falls into.

Spree Acquisition 1 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.18 Mil.

Spree Acquisition 1 (NYSE:SHAP) EBIT Explanation

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

Spree Acquisition 1's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-1.552 * ( 1 - 0% )	/	( (206.826	+	208.921)	/ 2 )
=	-1.552	/	207.8735
=	-0.75 %

where

	Invested Capital		(Q: Dec. 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	))
=	207.199	-	1.823	-	( 0.007	-	max(0, 1.823	-	0.373	+	0.007	))
=	206.826

	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	))
=	209.196	-	2.113	-	( 0	-	max(0, 2.113	-	0.275	+	0	))
=	208.921

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

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

Spree Acquisition 1's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.552	/	( ( (0 + max(-1.472, 0))	+	(0 + max(-1.853, 0)) )	/	2 )
=	-1.552	/	( ( 0	+	0 )	/	2 )
=	-1.552	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.351)	-	(1.823	+	0	+	0)
=	-1.472

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.26)	-	(2.113	+	0	+	0)
=	-1.853

When net working capital is negative, 0 is used.

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

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

Spree Acquisition 1's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-3.183	/	111.091
	=	-2.87 %

Spree Acquisition 1 EBIT Related Terms

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Spree Acquisition 1 (Spree Acquisition 1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Spree Acquisition Corp 1 Ltd (NYSE:SHAP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1922 Wildwood Place NE, Atlanta, GA, USA, 30324

Website

https://www.spree1.com

Spree Acquisition Corp 1 Ltd is a blank check company.

Executives

Hagen Philipp Von	director	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324
Shay Kronfeld	10 percent owner, officer: CFO and VP Business	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324
Joachim Drees	director	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324
Steven Greenfield	director	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324
David Riemenschneider	director	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324
Nir Sasson	officer: Chief Operating Officer	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324
Eran Plaut	director, 10 percent owner, officer: COB, Director and CEO	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324
Spree Operandi, Lp	10 percent owner	C/O SPREE ACQUISITION CORP. 1 LIMITED, 1922 WILDWOOD PLACE NE, ATLANTA GA 30324

Spree Acquisition 1 (Spree Acquisition 1) Headlines

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SPREE ACQUISITION CORP. 1 LIMITED ANNOUNCES CONTRIBUTIONS TO TRUST ACCOUNT IN CONNECTION WITH PROPOSED EXTENSION

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SPREE ACQUISITION CORP. 1 LIMITED AND WHC WORLDWIDE, LLC MUTUALLY AGREE TO TERMINATE BUSINESS COMBINATION AGREEMENT

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