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TETE (Technology & Telecommunication Acquisition) EBIT : $-1.63 Mil (TTM As of Aug. 2024)


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What is Technology & Telecommunication Acquisition EBIT?

Technology & Telecommunication Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2024 was $-0.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was $-1.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Technology & Telecommunication Acquisition's annualized ROC % for the quarter that ended in Aug. 2024 was -2.27%. Technology & Telecommunication Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Technology & Telecommunication Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -2.12%.


Technology & Telecommunication Acquisition EBIT Historical Data

The historical data trend for Technology & Telecommunication 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.

Technology & Telecommunication Acquisition EBIT Chart

Technology & Telecommunication Acquisition Annual Data
Trend Nov21 Nov22 Nov23
EBIT
- -0.50 -1.84

Technology & Telecommunication Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.31 -1.05 -0.22 -0.15 -0.21

Competitive Comparison of Technology & Telecommunication Acquisition's EBIT

For the Shell Companies subindustry, Technology & Telecommunication 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.


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

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

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



Technology & Telecommunication 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.63 Mil.

* 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.


Technology & Telecommunication Acquisition  (NAS:TETE) EBIT Explanation

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

Technology & Telecommunication Acquisition's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=-0.832 * ( 1 - 0% )/( (38.557 + 34.601)/ 2 )
=-0.832/36.579
=-2.27 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.832/( ( (0 + max(-1.182, 0)) + (0 + max(-1.227, 0)) )/ 2 )
=-0.832/( ( 0 + 0 )/ 2 )
=-0.832/0
= %

where Working Capital is:

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.052) - (1.234 + 0 + 0)
=-1.182

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.061) - (1.288 + 0 + 0)
=-1.227

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2024 )
=-1.632/76.865
=-2.12 %

* 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.


Technology & Telecommunication Acquisition EBIT Related Terms

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Technology & Telecommunication Acquisition Business Description

Traded in Other Exchanges
N/A
Address
C3-2-23A, Jalan 1/152, Taman OUG Parklane, Off Jalan Kelang Lama, Kuala Lumpur, MYS, 58200
Technology & Telecommunication Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Chow Wing Loke officer: Chief Financial Officer NO. 6, JALAN KENANGA SD9/5J, BANDAR SRI DAMANSARA, KUALA LUMPUR N8 52200
Virginia Jaqveline Chan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Technology & Telecommunication Llc 10 percent owner 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Raghuvir Ramanadhan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Kiat Wai Du director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Tek Che Ng director, 10 percent owner, officer: Chief Executive Officer 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130