Tech And Energy Transition (Tech And Energy Transition) EBIT : $-1.90 Mil (TTM As of Dec. 2022)

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What is Tech And Energy Transition EBIT?

Tech And Energy Transition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $-0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tech And Energy Transition's annualized ROC % for the quarter that ended in Dec. 2022 was -0.04%. Tech And Energy Transition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tech And Energy Transition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -0.39%.

Tech And Energy Transition EBIT Historical Data

The historical data trend for Tech And Energy Transition'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.

Tech And Energy Transition EBIT Chart

Tech And Energy Transition Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

EBIT

-0.22

-2.86

Tech And Energy Transition Quarterly Data
	Mar19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial								-1.14	-0.97	-0.40	-0.48	-0.05

Competitive Comparison of Tech And Energy Transition's EBIT

For the Shell Companies subindustry, Tech And Energy Transition'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.

Tech And Energy Transition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Tech And Energy Transition's EV-to-EBIT falls into.

Tech And Energy Transition 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.90 Mil.

Tech And Energy Transition (NAS:TETC) EBIT Explanation

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

Tech And Energy Transition's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-0.208 * ( 1 - 17.24% )	/	( (387.353	+	389.878)	/ 2 )
=	-0.1721408	/	388.6155
=	-0.04 %

where

	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	))
=	387.43	-	0.929	-	( 0.409	-	max(0, 1.561	-	0.709	+	0.409	))
=	387.353

	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	))
=	389.835	-	0.581	-	( 0.216	-	max(0, 0.977	-	0.353	+	0.216	))
=	389.878

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

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

Tech And Energy Transition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.208	/	( ( (0 + max(-0.629, 0))	+	(0 + max(-0.445, 0)) )	/	2 )
=	-0.208	/	( ( 0	+	0 )	/	2 )
=	-0.208	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.3)	-	(0.929	+	0	+	0)
=	-0.629

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.137)	-	(0.581	+	0	+	0.001)
=	-0.445

When net working capital is negative, 0 is used.

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

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

Tech And Energy Transition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	-1.903	/	489.611
	=	-0.39 %

Tech And Energy Transition EBIT Related Terms

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Tech And Energy Transition (Tech And Energy Transition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tech And Energy Transition Corp (NAS:TETC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 W 55th Street, New York, NY, USA, 10019

Website

https://www.techenergytransition.com

Tech And Energy Transition Corp is a blank check company.

Tech And Energy Transition (Tech And Energy Transition) Headlines

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