Tuscan Holdings II (Tuscan Holdings II) EBIT : $-1.42 Mil (TTM As of Sep. 2022)

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What is Tuscan Holdings II EBIT?

Tuscan Holdings II's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tuscan Holdings II's annualized ROC % for the quarter that ended in Sep. 2022 was -5.02%. Tuscan Holdings II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tuscan Holdings II's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -1.78%.

Tuscan Holdings II EBIT Historical Data

The historical data trend for Tuscan Holdings II'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.

Tuscan Holdings II EBIT Chart

Tuscan Holdings II Annual Data

Trend

Dec19

Dec20

Dec21

EBIT

-0.62

-1.09

Tuscan Holdings II Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial										-0.22	-0.39	-0.27	-0.38	-0.38

Competitive Comparison of Tuscan Holdings II's EBIT

For the Shell Companies subindustry, Tuscan Holdings II'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.

Tuscan Holdings II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Tuscan Holdings II's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tuscan Holdings II's EV-to-EBIT falls into.

Tuscan Holdings II 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.42 Mil.

Tuscan Holdings II (OTCPK:THCA) EBIT Explanation

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

Tuscan Holdings II's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-1.512 * ( 1 - 0% )	/	( (30.032	+	30.202)	/ 2 )
=	-1.512	/	30.117
=	-5.02 %

where

	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	))
=	27.425	-	0.415	-	( 0.062	-	max(0, 3.114	-	0.092	+	0.062	))
=	30.032

	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	))
=	27.44	-	0.436	-	( 0.172	-	max(0, 3.385	-	0.187	+	0.172	))
=	30.202

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

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

Tuscan Holdings II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.512	/	( ( (0 + max(-0.385, 0))	+	(0 + max(-0.421, 0)) )	/	2 )
=	-1.512	/	( ( 0	+	0 )	/	2 )
=	-1.512	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.03)	-	(0.415	+	0	+	0)
=	-0.385

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.015)	-	(0.436	+	0	+	0)
=	-0.421

When net working capital is negative, 0 is used.

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

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

Tuscan Holdings II's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-1.42	/	79.790
	=	-1.78 %

Tuscan Holdings II EBIT Related Terms

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Tuscan Holdings II (Tuscan Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tuscan Holdings Corp II (OTCPK:THCA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 E. 57th Street, 17th Floor, New York, NY, USA, 10022

Website

Tuscan Holdings Corp II is a blank check company.

Executives

Michael Auerbach	director	158 HESTER STREET, APT 7F, NEW YORK NY 10013
Stephen A Vogel	director, 10 percent owner, officer: Chief Executive Officer	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Richard O. Rieger	officer: Chief Financial Officer	C/O TUSCAN HOLDINGS CORP., 135 E. 57TH ST., 18TH FLOOR, NEW YORK NY 10022
David H Dickstein	director	C/O TUSCAN HOLDINGS CORP. II, 135 E 57TH ST 17TH FL, NEW YORK NY 10022