Tiga Acquisition (Tiga Acquisition) EBIT : $-9.24 Mil (TTM As of Sep. 2022)

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What is Tiga Acquisition EBIT?

Tiga Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-4.73 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-9.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tiga Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 was -6.53%. Tiga Acquisition'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. Tiga Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -2.29%.

Tiga Acquisition EBIT Historical Data

The historical data trend for Tiga 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.

Tiga Acquisition EBIT Chart

Tiga Acquisition Annual Data

Trend

Dec20

Dec21

EBIT

-1.76

Tiga Acquisition Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial				-0.67	-0.26	-1.21	-3.04	-4.73

Competitive Comparison of Tiga Acquisition's EBIT

For the Shell Companies subindustry, Tiga 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.

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

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

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

Tiga 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.24 Mil.

Tiga Acquisition (NYSE:TINV) EBIT Explanation

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

Tiga Acquisition'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 )
=	-18.928 * ( 1 - 0% )	/	( (289.222	+	290.622)	/ 2 )
=	-18.928	/	289.922
=	-6.53 %

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	))
=	287.815	-	3.254	-	( 0.166	-	max(0, 4.934	-	0.273	+	0.166	))
=	289.222

	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	))
=	288.989	-	7.761	-	( 0.1	-	max(0, 9.541	-	0.147	+	0.1	))
=	290.622

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

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

Tiga Acquisition'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 )
=	-18.928	/	( ( (0 + max(-3.147, 0))	+	(0 + max(-7.714, 0)) )	/	2 )
=	-18.928	/	( ( 0	+	0 )	/	2 )
=	-18.928	/	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	+	0.107)	-	(3.254	+	0	+	0)
=	-3.147

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.047)	-	(7.761	+	0	+	0)
=	-7.714

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-9.236	/	402.915
	=	-2.29 %

Tiga Acquisition EBIT Related Terms

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Tiga Acquisition (Tiga Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tiga Acquisition Corp (NYSE:TINV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ocean Financial Centre, Level 40, 10 Collyer Quay, Singapore, SGP, 049315

Website

https://www.tiga-corp.com

Tiga Acquisition Corp is a blank check company.

Executives

David Christopher Ryan	director	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401
Tiga Sponsor Llc	10 percent owner	C/O TIGA ACQUISITION CORP., 250 NORTH BRIDGE ROAD, #24-00 RAFFLES, SINGAPORE U0 179101
Peter Chambers	officer: Chief Operating Officer	C/O TIGA ACQUISITION CORP., 250 NORTH BRIDGE ROAD, #24-00 RAFFLES, SINGAPORE U0 179101
Diana Luo	officer: Chief Financial Officer	C/O TIGA ACQUISITION CORP., 250 NORTH BRIDGE ROAD, #24-00 RAFFLES, SINGAPORE U0 179101
Ben Falloon	director	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Carman Wong	director	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Zage George Raymond Iii	director, 10 percent owner, officer: Chief Executive Officer	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 04
Ashish Gupta	director, 10 percent owner	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315