Spartan Energy Acquisition (Spartan Energy Acquisition) EBIT : $-4.48 Mil (TTM As of Sep. 2020)

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What is Spartan Energy Acquisition EBIT?

Spartan Energy Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-3.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-4.48 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spartan Energy Acquisition's annualized ROC % for the quarter that ended in Sep. 2020 was -2.34%. Spartan Energy 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.

Spartan Energy Acquisition EBIT Historical Data

The historical data trend for Spartan Energy 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.

Spartan Energy Acquisition EBIT Chart

Spartan Energy Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

EBIT

-0.85

-1.25

Spartan Energy Acquisition Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EBIT	Get a 7-Day Free Trial							-0.46	-0.14	-0.02	-1.00	-3.32

Competitive Comparison of Spartan Energy Acquisition's EBIT

For the Shell Companies subindustry, Spartan Energy 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.

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

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

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

Spartan Energy 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 $-4.48 Mil.

Spartan Energy Acquisition (NYSE:SPAQ.U) EBIT Explanation

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

Spartan Energy 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 )
=	-13.28 * ( 1 - -0.15% )	/	( (569.592	+	569.041)	/ 2 )
=	-13.29992	/	569.3165
=	-2.34 %

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	))
=	569.988	-	1.785	-	( 0.324	-	max(0, 1.785	-	0.396	+	0.324	))
=	569.592

	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	))
=	569.245	-	4.37	-	( 0.165	-	max(0, 4.37	-	0.204	+	0.165	))
=	569.041

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

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

Spartan Energy 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 )
=	-13.28	/	( ( (0 + max(-1.713, 0))	+	(0 + max(-4.331, 0)) )	/	2 )
=	-13.28	/	( ( 0	+	0 )	/	2 )
=	-13.28	/	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	+	0.072)	-	(1.785	+	0	+	0)
=	-1.713

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.039)	-	(4.37	+	0	+	0)
=	-4.331

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2020 )
	=	-4.479	/	0.000
	=	%

Spartan Energy Acquisition EBIT Related Terms

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Spartan Energy Acquisition (Spartan Energy Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, 43rd Floor, New York, NY, USA, 10019

Website

http://www.spartanenergyspac.com

Spartan Energy Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

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
John J Macwilliams	director	P O BOX 22027, TULSA OK 74121
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Holdings, L.p.	10 percent owner	9 W. 57TH STREET, NEW YORK NY 10019
Apollo Commodities Management, L.p.	10 percent owner	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Gregory A Beard	10 percent owner	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Geoffrey Strong	10 percent owner	C/O APOLLO MANAGEMENT, 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Natural Resources Partners Ii, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Spartan Energy Acquisition Sponsor Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Jan C. Wilson	director	18 A HAZELTON AVE., SUITE 606, TORONTO A6 M5R 2E2
J Michael Stice	director	525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Robert C Reeves	director	1001 LOUISIANA STREET, HOUSTON TX 77002
James Crossen	officer: CFO and CAO	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019