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TortoiseEcofin Acquisition III (TortoiseEcofin Acquisition III) EBIT : $14.30 Mil (TTM As of Mar. 2024)


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What is TortoiseEcofin Acquisition III EBIT?

TortoiseEcofin Acquisition III's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $14.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TortoiseEcofin Acquisition III's annualized ROC % for the quarter that ended in Mar. 2024 was -1.55%. TortoiseEcofin Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TortoiseEcofin Acquisition III's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.39%.

TortoiseEcofin Acquisition III EBIT Historical Data

The historical data trend for TortoiseEcofin Acquisition III'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.

TortoiseEcofin Acquisition III EBIT Chart

TortoiseEcofin Acquisition III Annual Data
Trend Dec21 Dec22 Dec23
EBIT
- 14.22 12.87

TortoiseEcofin Acquisition III Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.91 -0.69 -1.26 15.18 1.07

Competitive Comparison of TortoiseEcofin Acquisition III's EBIT

For the Shell Companies subindustry, TortoiseEcofin Acquisition III'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.

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

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

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


TortoiseEcofin Acquisition III 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.30 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.

TortoiseEcofin Acquisition III  (NYSE:TRTL) EBIT Explanation

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

TortoiseEcofin Acquisition III's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-2.852 * ( 1 - 0% )/( (183.278 + 185.548)/ 2 )
=-2.852/184.413
=-1.55 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=183.776 - 1.519 - ( 0.469 - max(0, 1.519 - 0.498+0.469))
=183.278

Invested Capital(Q: Mar. 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))
=185.73 - 1.895 - ( 0.166 - max(0, 1.895 - 0.182+0.166))
=185.548

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

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

TortoiseEcofin Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4.28/( ( (0 + max(-1.49, 0)) + (0 + max(-1.879, 0)) )/ 2 )
=4.28/( ( 0 + 0 )/ 2 )
=4.28/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.029) - (1.519 + 0 + 0)
=-1.49

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.016) - (1.895 + 0 + 0)
=-1.879

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=14.302/265.443
=5.39 %

* 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.

TortoiseEcofin Acquisition III EBIT Related Terms

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TortoiseEcofin Acquisition III (TortoiseEcofin Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TortoiseEcofin Acquisition Corp III (NYSE:TRTL) » Definitions » EBIT
Comparable Companies
HCVI CCVI SLAM NETD CXAC NFNT APGB KCGI SAGA DWAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT LSE:ADMR CNDA
Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Overland Park, KS, USA, 66211
Website
https://www.tortoisespac.com
TortoiseEcofin Acquisition Corp III is a blank check company.
Executives
Andrew B Lipsher director C/O VOLTA INDUSTRIES, INC., 155 DE HARO STREET, SAN FRANCISCO CA 94103
Hennessy Capital Growth Partners Fund I Spv V, Llc 10 percent owner 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Hennessy Capital Growth Partners Fund I, Lp 10 percent owner 3415 N. PINES WAY, SUITE 204, WILSON WY 83014
Matthew Schindel director 195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Tortoiseecofin Sponsor Iii Llc 10 percent owner 5100 W. 115TH PLACE, LEAWOOD KS 66211
Thomas D Hennessy director, 10 percent owner 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Jack Leeney director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Greg A Walker director 999 CORPORATE BOULEVARD, SUITE 300, LINTHICUM HEIGHTS MD 21090
Darrell Jr. Brock officer: Vice President 725 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10022
Juan J. Daboub director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Stephen S. Pang director, officer: President and CFO 5100 W. 115TH PLACE, LEAWOOD KS 66211
Evan J. Zimmer officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Mary Beth Mandanas director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Steven C. Schnitzer officer: VP, Gen. Counsel and Secretary 725 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10022
William J. Clinton director 5100 W. 115TH PLACE, LEAWOOD KS 66211