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TWLVU (Twelve Seas Investment Co II) EBIT : $-1.38 Mil (TTM As of Sep. 2023)


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What is Twelve Seas Investment Co II EBIT?

Twelve Seas Investment Co II's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Twelve Seas Investment Co II's annualized ROC % for the quarter that ended in Sep. 2023 was -1.73%. Twelve Seas Investment Co II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Twelve Seas Investment Co II EBIT Historical Data

The historical data trend for Twelve Seas Investment Co 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.

Twelve Seas Investment Co II EBIT Chart

Twelve Seas Investment Co II Annual Data
Trend Dec20 Dec21 Dec22
EBIT
- -1.07 -1.09

Twelve Seas Investment Co II Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.17 -0.30 -0.61 -0.27 -0.20

Competitive Comparison of Twelve Seas Investment Co II's EBIT

For the Shell Companies subindustry, Twelve Seas Investment Co 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.

Twelve Seas Investment Co II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Twelve Seas Investment Co II's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Twelve Seas Investment Co II's EV-to-EBIT falls into.


Twelve Seas Investment Co 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.38 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.

Twelve Seas Investment Co II  (OTCPK:TWLVU) EBIT Explanation

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

Twelve Seas Investment Co II's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-0.792 * ( 1 - 25.42% )/( (33.659 + 34.577)/ 2 )
=-0.5906736/34.118
=-1.73 %

where

Invested Capital(Q: Jun. 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))
=33.694 - 1.917 - ( 0.393 - max(0, 2.354 - 0.472+0.393))
=33.659

Invested Capital(Q: Sep. 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))
=34.193 - 2.056 - ( 0.279 - max(0, 2.793 - 0.353+0.279))
=34.577

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Twelve Seas Investment Co II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.792/( ( (0 + max(-1.838, 0)) + (0 + max(-1.982, 0)) )/ 2 )
=-0.792/( ( 0 + 0 )/ 2 )
=-0.792/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.079) - (1.917 + 0 + 0)
=-1.838

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.074) - (2.056 + 0 + 0)
=-1.982

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Twelve Seas Investment Co II's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-1.384/0.000
= %

* 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.

Twelve Seas Investment Co II EBIT Related Terms

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Twelve Seas Investment Co II Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Twelve Seas Investment Co II (OTCPK:TWLVU) » Definitions » EBIT
Comparable Companies
ALSA CNDB RMGC FRXB FLFV FDOC BRD CSTA IRRX LGVC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
228 Park Avenue South, Suite 89898, New York, NY, USA, 10003-1502
Website
Twelve Seas Investment Co II is a blank check company.
Executives
Robert Foresman director C/O GLOBAL CONSUMER ACQUISITION CORP, 1370 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK NY 10019
Dimitri Elkin director, 10 percent owner, officer: Chief Executive Officer 25/28 BURLINGTON STREET, LONDON X0 W1S 3AN
Jonathan D Morris director, 10 percent owner, officer: Chief Financial Officer C/O IMAGEWARE SYSTEMS, INC., 13500 EVENING CREEK DRIVE N SUITE 550, SAN DIEGO CA 92128
Neil Richardson director 21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Twelve Seas Sponsor Ii Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Anthony Steains director 2685 NOTTINGHAM AVENUE, LOS ANGELES CA 90027