Sarissa Capital Acquisition (Sarissa Capital Acquisition) EBIT : $-0.87 Mil (TTM As of Jun. 2022)

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What is Sarissa Capital Acquisition EBIT?

Sarissa Capital Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-0.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sarissa Capital Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.33%. Sarissa Capital Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -2,275.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sarissa Capital Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -0.35%.

Sarissa Capital Acquisition EBIT Historical Data

The historical data trend for Sarissa Capital 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.

Sarissa Capital Acquisition EBIT Chart

Sarissa Capital Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-0.79

Sarissa Capital Acquisition Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
EBIT	Get a 7-Day Free Trial			-0.15	-0.17	-0.35	-0.20	-0.17

Competitive Comparison of Sarissa Capital Acquisition's EBIT

For the Shell Companies subindustry, Sarissa Capital 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.

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

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

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

Sarissa Capital 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.87 Mil.

Sarissa Capital Acquisition (NAS:SRSA) EBIT Explanation

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

Sarissa Capital Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	-0.66 * ( 1 - 0% )	/	( (200.052	+	200.353)	/ 2 )
=	-0.66	/	200.2025
=	-0.33 %

where

	Invested Capital		(Q: Mar. 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	))
=	200.498	-	0.099	-	( 0.347	-	max(0, 0.099	-	0.468	+	0.347	))
=	200.052

	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	))
=	200.539	-	0.025	-	( 0.161	-	max(0, 0.025	-	0.229	+	0.161	))
=	200.353

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

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

Sarissa Capital Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.66	/	( ( (0 + max(0.015, 0))	+	(0 + max(0.043, 0)) )	/	2 )
=	-0.66	/	( ( 0.015	+	0.043 )	/	2 )
=	-0.66	/	0.029
=	-2,275.86 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.114)	-	(0.099	+	0	+	0)
=	0.015

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.068)	-	(0.025	+	0	+	0)
=	0.043

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	-0.872	/	251.281
	=	-0.35 %

Sarissa Capital Acquisition EBIT Related Terms

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Sarissa Capital Acquisition (Sarissa Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Sarissa Capital Acquisition Corp (NAS:SRSA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 Third Avenue, 11th Floor, New York, NY, USA, 10017

Website

http://www.sarissacap.com

Sarissa Capital Acquisition Corp is a blank check company.

Executives

Alexander J Denner	10 percent owner	C/O SARISSA CAPITAL MANAGEMENT LP, 660 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830
Kostas D Odysseas	officer: Senior Managing Director	660 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830
Louis J Paglia	director	C/O UIL HOLDINGS CORP, 157 CHURCH STREET, NEW HAVEN CT 06506
Mark Dipaolo	officer: Senior Managing Director	660 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830
Sarissa Capital Management Lp	10 percent owner	660 STEAMBOAT ROAD, GREENWICH CT 06830
Simos Simeonidis	officer: Senior Managing Director	C/O SARISSA CAPITAL MANAGEMENT LP, 660 STEAMBOAT ROAD, GREENWICH CT 06830
Sarissa Capital Management Gp Llc	10 percent owner	660 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830
Eric N. Vincent	officer: President	C/O SARISSA CAPITAL MANAGEMENT LP, 660 STEAMBOAT ROAD, GREENWICH, CT 06830 CT 06830
Mark Timney	director	C/O SARISSA CAPITAL ACQUISITION CORP., 660 STEAMBOAT RD, GREENWICH CT 06830
Sarissa Capital Acquisition Sponsor Llc	10 percent owner	660 STEAMBOAT RD, GREENWICH CT 06830
Patrice Eadon Bonfiglio	officer: Chief Financial Officer	488 HAVILAND ROAD, STAMFORD CT 06903

Sarissa Capital Acquisition (Sarissa Capital Acquisition) Headlines

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