Ace Global Business Acquisition (Ace Global Business Acquisition) EBIT : $-1.46 Mil (TTM As of Dec. 2023)

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What is Ace Global Business Acquisition EBIT?

Ace Global Business Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ace Global Business Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -5.20%. Ace Global Business Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

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

Ace Global Business Acquisition EBIT Historical Data

The historical data trend for Ace Global Business 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.

Ace Global Business Acquisition EBIT Chart

Ace Global Business Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-1.02

-0.84

-1.46

Ace Global Business Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial								-0.20	-0.59	-0.19	-0.35	-0.33

Competitive Comparison of Ace Global Business Acquisition's EBIT

For the Shell Companies subindustry, Ace Global Business 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.

Ace Global Business Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Ace Global Business 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.46 Mil.

Ace Global Business Acquisition (NAS:ACBAU) EBIT Explanation

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

Ace Global Business Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.336 * ( 1 - 0% )	/	( (25.343	+	26.044)	/ 2 )
=	-1.336	/	25.6935
=	-5.20 %

where

	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	))
=	22.946	-	2.106	-	( 0.059	-	max(0, 4.622	-	0.119	+	0.059	))
=	25.343

	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	))
=	23.399	-	2.39	-	( 0.069	-	max(0, 5.104	-	0.069	+	0.069	))
=	26.044

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

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

Ace Global Business Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.336	/	( ( (0 + max(-2.046, 0))	+	(0 + max(-2.39, 0)) )	/	2 )
=	-1.336	/	( ( 0	+	0 )	/	2 )
=	-1.336	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.06)	-	(2.106	+	0	+	0)
=	-2.046

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2.39	+	0	+	0)
=	-2.39

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.462	/	0.000
	=	%

Ace Global Business Acquisition EBIT Related Terms

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Ace Global Business Acquisition (Ace Global Business Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ace Global Business Acquisition Ltd (NAS:ACBAU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ACBA:USA

Address

Tower 2, Lippo Centre, No. 89, Rm. 806, 8/F, Queensway, Admiralty, Hong Kong, HKG

Website

Ace Global Business Acquisition Ltd is a newly organized blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Yan Yannie Xu	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Tan Nicholas Xue-wei	officer: Chief Financial Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Leslie Chow	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Ace Global Investment Ltd	10 percent owner	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Robert Yeung Morris	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Eugene Tu Wong	director, officer: Chief Executive Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000