Vahanna Tech Edge Acquisition I (Vahanna Tech Edge Acquisition I) EBIT : $-3.52 Mil (TTM As of Jun. 2023)

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What is Vahanna Tech Edge Acquisition I EBIT?

Vahanna Tech Edge Acquisition I's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-3.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vahanna Tech Edge Acquisition I's annualized ROC % for the quarter that ended in Jun. 2023 was -4.14%. Vahanna Tech Edge Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vahanna Tech Edge Acquisition I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1.25%.

Vahanna Tech Edge Acquisition I EBIT Historical Data

The historical data trend for Vahanna Tech Edge Acquisition I'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.

Vahanna Tech Edge Acquisition I EBIT Chart

Vahanna Tech Edge Acquisition I Annual Data

Trend

Dec21

Dec22

EBIT

-2.00

Vahanna Tech Edge Acquisition I Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial				-0.09	-0.32	-1.17	-2.11	0.08

Competitive Comparison of Vahanna Tech Edge Acquisition I's EBIT

For the Shell Companies subindustry, Vahanna Tech Edge Acquisition I'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.

Vahanna Tech Edge Acquisition I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Vahanna Tech Edge Acquisition I's EV-to-EBIT falls into.

Vahanna Tech Edge Acquisition I 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.52 Mil.

Vahanna Tech Edge Acquisition I (NAS:VHNA) EBIT Explanation

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

Vahanna Tech Edge Acquisition I's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-8.804 * ( 1 - 0% )	/	( (210.271	+	215.43)	/ 2 )
=	-8.804	/	212.8505
=	-4.14 %

where

	Invested Capital		(Q: Mar. 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	))
=	209.561	-	2.635	-	( 0.174	-	max(0, 3.61	-	0.265	+	0.174	))
=	210.271

	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	))
=	213.127	-	4.615	-	( 0.077	-	max(0, 7.15	-	0.232	+	0.077	))
=	215.43

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

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

Vahanna Tech Edge Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.312	/	( ( (0 + max(-2.544, 0))	+	(0 + max(-4.46, 0)) )	/	2 )
=	0.312	/	( ( 0	+	0 )	/	2 )
=	0.312	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.091)	-	(2.635	+	0	+	0)
=	-2.544

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.155)	-	(4.615	+	0	+	0)
=	-4.46

When net working capital is negative, 0 is used.

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

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

Vahanna Tech Edge Acquisition I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-3.519	/	280.597
	=	-1.25 %

Vahanna Tech Edge Acquisition I EBIT Related Terms

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Vahanna Tech Edge Acquisition I (Vahanna Tech Edge Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vahanna Tech Edge Acquisition I Corp (NAS:VHNA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1230 Avenue of the Americas, 16th Floor, New York, NY, USA, 10020

Website

https://www.vahannatech.com

Vahanna Tech Edge Acquisition I Corp is a newly blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Avacara Pte, Ltd.	10 percent owner	14 ROBINSON ROAD, #12-01/02, FAR EAST FINANCE BUILDING, SINGAPORE U0 048545
Steven J. Carlson	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Zoe Ashcroft	director	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 17 LOCKWOOD AVENUE, OLD GREENWICH CT 06870
Ankur Kamboj	officer: Chief Operating Officer	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 17 LOCKWOOD AVENUE, OLD GREENWICH CT 06870
Mohit Pasricha	officer: Chief Financial Officer	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 17 LOCKWOOD AVENUE, OLD GREENWICH CT 06870
Rohan Malhotra	director, officer: Chief Executive Officer	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 17 LOCKWOOD AVENUE, OLD GREENWICH CT 06870
Supurna Vedbrat	director	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 17 LOCKWOOD AVENUE, OLD GREENWICH CT 06870
Xavier Blanchard	officer: See Remarks	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 17 LOCKWOOD AVENUE, OLD GREENWICH CT 06870
Akshaya Bhargava	10 percent owner	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 1230 AVENUE OF THE AMERICAS, 16TH FLOOR, NEW YORK NY 10020
Vinode Ramgopal	10 percent owner	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 1230 AVENUE OF THE AMERICAS, 16TH FLOOR, NEW YORK NY 10020
Ajay Shah	director	2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Abha Kumar	director	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 5 EAST 22ND STREET, APT 4M, NEW YORK NY 10010
Karan Puri	officer: Chief Executive Officer	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 5 EAST 22ND STREET, APT 4M, NEW YORK NY 10010
Vahanna Llc	10 percent owner	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 5 EAST 22ND STREET, APT 4M, NEW YORK NY 10010
Saurav Adhikari	director, officer: Chairman	C/O VAHANNA TECH EDGE ACQUISITION I CORP, 5 EAST 22ND STREET, APT 4M, NEW YORK NY 10010