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Arrowroot Acquisition (Arrowroot Acquisition) EBIT : $-4.79 Mil (TTM As of Dec. 2023)


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What is Arrowroot Acquisition EBIT?

Arrowroot Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $1.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arrowroot Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -11.73%. Arrowroot 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.


Arrowroot Acquisition EBIT Historical Data

The historical data trend for Arrowroot 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.

Arrowroot Acquisition EBIT Chart

Arrowroot Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
- -3.86 14.27 -5.20

Arrowroot Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.73 -0.83 -5.41 0.38 1.07

Competitive Comparison of Arrowroot Acquisition's EBIT

For the Shell Companies subindustry, Arrowroot 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.


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

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

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



Arrowroot 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 $-4.79 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.


Arrowroot Acquisition  (NAS:ARRWU) EBIT Explanation

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

Arrowroot 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 )
=-6.548 * ( 1 - 6.03% )/( (51.87 + 53.044)/ 2 )
=-6.1531556/52.457
=-11.73 %

where

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

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

Arrowroot 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 )
=4.276/( ( (0 + max(-4.452, 0)) + (0 + max(-7.958, 0)) )/ 2 )
=4.276/( ( 0 + 0 )/ 2 )
=4.276/0
= %

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 + 0.021) - (2.973 + 0 + 1.5)
=-4.452

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.114) - (6.572 + 0 + 1.5)
=-7.958

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-4.786/0.000
= %

* 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.


Arrowroot Acquisition EBIT Related Terms

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Arrowroot Acquisition (Arrowroot Acquisition) Business Description

Traded in Other Exchanges
Address
4553 Glencoe Avenue, Suite 200, Marina Del Rey, CA, USA, 90292
Arrowroot Acquisition Corp is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Peter Kuper director C/O ARROWROOT ACQUISITION CORP., 4553 GLENCOE AVE, SUITE 200, MARINA DEL REY CA 90292
Thomas Olivier 10 percent owner, officer: President and CFO C/O ARROWROOT ACQUISITION CORP., 4553 GLENCOE AVE SUITE 200, MARINA DEL REY CA 90292
Dixon Doll director 2420 SAND HILL RD, STE 200, MENLO PARK CA 94025
Gaurav Dhillon director C/O INFORMATICA CORP, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
Matthew Safaii director, 10 percent owner, officer: Chief Executive Officer C/O ARROWROOT ACQUISITION CORP., 4553 GLENCOE AVE SUITE 200, MARINA DEL REY CA 90292
Arrowroot Acquisition Llc 10 percent owner C/O ARROWROOT ACQUISITION CORP., 4553 GLENCOE AVE SUITE 200, MARINA DEL REY CA 90292
Will Semple director C/O ARROWROOT ACQUISITION CORP., 4553 GLENCOE AVE SUITE 200, MARINA DEL REY CA 90292