SUAC (ShoulderUp Technology Acquisition) EBIT : $-1.30 Mil (TTM As of Sep. 2024)

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What is ShoulderUp Technology Acquisition EBIT?

ShoulderUp Technology Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ShoulderUp Technology Acquisition's annualized ROC % for the quarter that ended in Sep. 2024 was -10.20%. ShoulderUp Technology Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ShoulderUp Technology Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.92%.

ShoulderUp Technology Acquisition EBIT Historical Data

The historical data trend for ShoulderUp Technology 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.

ShoulderUp Technology Acquisition EBIT Chart

ShoulderUp Technology Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-1.12

-1.20

ShoulderUp Technology Acquisition Quarterly Data
	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial								-0.30	-0.33	-0.41	-0.33	-0.23

Competitive Comparison of ShoulderUp Technology Acquisition's EBIT

For the Shell Companies subindustry, ShoulderUp Technology 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.

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

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

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

ShoulderUp Technology 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.30 Mil.

ShoulderUp Technology Acquisition (OTCPK:SUAC) EBIT Explanation

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

ShoulderUp Technology Acquisition's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-0.924 * ( 1 - -6.81% )	/	( (9.573	+	9.787)	/ 2 )
=	-0.9869244	/	9.68
=	-10.20 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	9.588	-	4.593	-	( 0.29	-	max(0, 4.868	-	0.29	+	0.29	))
=	9.573

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	9.604	-	4.643	-	( 0.192	-	max(0, 5.018	-	0.192	+	0.192	))
=	9.787

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

ShoulderUp Technology Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.924	/	( ( (0 + max(-4.593, 0))	+	(0 + max(-4.643, 0)) )	/	2 )
=	-0.924	/	( ( 0	+	0 )	/	2 )
=	-0.924	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(4.593	+	0	+	0)
=	-4.593

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(4.643	+	0	+	0)
=	-4.643

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-1.3	/	141.734
	=	-0.92 %

ShoulderUp Technology Acquisition EBIT Related Terms

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ShoulderUp Technology Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ShoulderUp Technology Acquisition Corp (OTCPK:SUAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Townpark Drive, Suite 3000, Kennesaw, GA, USA, 30144

Website

https://www.shoulderupacquisition.com

ShoulderUp Technology Acquisition Corp is a blank check company. The company's business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Danelle Marie Barrett	director	50 ENTERPRISE CENTER, KVH INDUSTRIES, INC., MIDDLETOWN RI 02842
Shawn Henry	director	CROWDSTRIKE HOLDINGS, INC., 150 MATHILDA PLACE, SUITE 300, SUNNYVALE CA 94086
Lauren C Anderson	director	C/O IMAGEWARE SYSTEMS INC., 13500 EVENING CREEK DRIVE N STE 550, SAN DIEGO CA 92128
Vincent R. Stewart	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Stacey Y. Abrams	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Janice Bryant Howroyd	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Grace Vandecruze	officer: Chief Financial Officer	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Shoulderup Technology Sponsor, Llc	10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144