Worldwide Webb Acquisition (Worldwide Webb Acquisition) EBIT : $-7.55 Mil (TTM As of Jun. 2023)

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What is Worldwide Webb Acquisition EBIT?

Worldwide Webb Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-1.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-7.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Worldwide Webb Acquisition's annualized ROC % for the quarter that ended in Jun. 2023 was -4.11%. Worldwide Webb Acquisition'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. Worldwide Webb Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -29.32%.

Worldwide Webb Acquisition EBIT Historical Data

The historical data trend for Worldwide Webb 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.

Worldwide Webb Acquisition EBIT Chart

Worldwide Webb Acquisition Annual Data

Trend

Dec21

Dec22

EBIT

-4.46

Worldwide Webb Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					-0.30	-1.44	-2.36	-2.27	-1.48

Competitive Comparison of Worldwide Webb Acquisition's EBIT

For the Shell Companies subindustry, Worldwide Webb 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.

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

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

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

Worldwide Webb 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.55 Mil.

Worldwide Webb Acquisition (NAS:WWAC) EBIT Explanation

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

Worldwide Webb Acquisition'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 )
=	-5.904 * ( 1 - 0% )	/	( (237.517	+	49.91)	/ 2 )
=	-5.904	/	143.7135
=	-4.11 %

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	))
=	237.368	-	6.115	-	( 0.012	-	max(0, 6.546	-	0.282	+	0.012	))
=	237.517

	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	))
=	49.56	-	7.39	-	( 0.042	-	max(0, 7.938	-	0.198	+	0.042	))
=	49.91

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

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

Worldwide Webb Acquisition'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 )
=	-5.904	/	( ( (0 + max(-5.844, 0))	+	(0 + max(-7.234, 0)) )	/	2 )
=	-5.904	/	( ( 0	+	0 )	/	2 )
=	-5.904	/	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	+	0.27)	-	(6.115	+	0	+	-0.0010000000000003)
=	-5.844

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.156)	-	(7.39	+	0	+	0)
=	-7.234

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-7.553	/	25.759
	=	-29.32 %

Worldwide Webb Acquisition EBIT Related Terms

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Worldwide Webb Acquisition (Worldwide Webb Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Worldwide Webb Acquisition Corp (NAS:WWAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

770 E Technology Way F13-16, Orem, UT, USA, 84097

Website

Worldwide Webb Acquisition Corp is a blank check company.

Executives

Tony Marion Pearce	director, officer: Executive Chairman	123 EAST 200 NORTH, ALPINE UT 84004
Terry Vernon Pearce	director, officer: Executive Vice-Chairman	123 EAST 200 NORTH, ALPINE UT 84004
David V. Crowder	director	C/O GSV CAPITAL CORP., 2956 WOODSIDE ROAD, WOODSIDE CA 94062
Lynne Marie Laube	director	C/O CARDLYTICS, INC., 675 PONCE DE LEON AVENUE NE, SUITE 6000, ATLANTA GA 30308
Tanner Ainge	director	1633 W. INNOVATION WAY, 5TH FLOOR, LEHI UT 84043
Worldwide Webb Acquisition Sponsor, Llc	10 percent owner	770 E TECHNOLOGY WAY F13-16, OREM UT 84097
Daniel S. Webb	director, 10 percent owner, officer: CEO, CFO	770 E TECHNOLOGY WAY F13-16, OREM UT 84097
Davis Smith	director	770 E TECHNOLOGY WAY F13-16, OREM UT 84097

Worldwide Webb Acquisition (Worldwide Webb Acquisition) Headlines

From GuruFocus

Worldwide Webb Acquisition Corp. Announces Postponement of Annual General Meeting

By Business Wire • 10-25-2023

Aeries Technology and Worldwide Webb Acquisition Corp. Announce Filing of Registration Statement on Form S-4 in Connection with their Proposed Business Combination

By Business Wire Business Wire • 05-15-2023

Worldwide Webb Acquisition Corp. Stockholders Approve Business Combination with Aeries Technology

By Business Wire • 11-02-2023

Aeries Technology, Inc to Become Publicly Traded Company Following Close of Business Combination with Worldwide Webb Acquisition Corp.

By Business Wire • 11-07-2023

Worldwide Webb Acquisition Corp. Announces $5 Million PIPE Subscription Agreement Executed

By Business Wire Business Wire • 06-05-2023

Aeries Technology and Worldwide Webb Acquisition Corporation Announce Effectiveness of Registration Statement and October 30, 2023 Annual General Meeting to Approve Business Combination

By Business Wire • 10-17-2023