Cartica Acquisition (Cartica Acquisition) EBIT : $-3.95 Mil (TTM As of Mar. 2024)

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What is Cartica Acquisition EBIT?

Cartica Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-2.41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cartica Acquisition's annualized ROC % for the quarter that ended in Mar. 2024 was -20.49%. Cartica Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cartica Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.40%.

Cartica Acquisition EBIT Historical Data

The historical data trend for Cartica 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.

Cartica Acquisition EBIT Chart

Cartica Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-2.20

-2.04

Cartica Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								-0.50	-0.66	-0.26	-0.63	-2.41

Competitive Comparison of Cartica Acquisition's EBIT

For the Shell Companies subindustry, Cartica 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.

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

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

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

Cartica 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.95 Mil.

Cartica Acquisition (NAS:CITE) EBIT Explanation

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

Cartica Acquisition's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-9.636 * ( 1 - 0% )	/	( (46.555	+	47.502)	/ 2 )
=	-9.636	/	47.0285
=	-20.49 %

where

	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	))
=	46.403	-	0.571	-	( 0.008	-	max(0, 0.821	-	0.098	+	0.008	))
=	46.555

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	47.038	-	2.667	-	( 0.035	-	max(0, 3.28	-	0.149	+	0.035	))
=	47.502

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Cartica Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.636	/	( ( (0 + max(-0.481, 0))	+	(0 + max(-2.552, 0)) )	/	2 )
=	-9.636	/	( ( 0	+	0 )	/	2 )
=	-9.636	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.09)	-	(0.571	+	0	+	0)
=	-0.481

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.114)	-	(2.667	+	0	+	-0.00099999999999989)
=	-2.552

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-3.953	/	89.852
	=	-4.40 %

Cartica Acquisition EBIT Related Terms

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Cartica Acquisition (Cartica Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Cartica Acquisition Corp (NAS:CITE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1775 I Street NW, Suite 900, Washington, DC, USA, 20006

Website

https://www.carticaspac.com

Cartica Acquisition Corp is a blank check company.

Executives

John F Levy	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Kishore Kondragunta	director	3524 SILVERSIDE ROAD, SUITE 35B, WILMINGTON DE 19810
Suresh Guduru	director, 10 percent owner, officer: Chief Executive Officer	3524 SILVERSIDE ROAD, SUITE 35B, WILMINGTON DE 19810
Kyle I. Parent	director	3524 SILVERSIDE ROAD, SUITE 35B3524, WILMINGTON DE 19801
Rana Gujral	director	3524 SILVERSIDE ROAD, SUITE 35B, WILMINGTON DE 19810
Suresh Singamsetty	director	3524 SILVERSIDE ROAD, SUITE 35B, WILMINGTON DE 19810
Asif Ramji	director	3399 PEACHTREE ROAD NE, SUITE 1900, ATLANTA GA 30326
Parul Bhandari	director	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
Cartica Acquisition Partners, Llc	10 percent owner	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
Steven J. Quamme	director	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
Farida Khambata	director	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
Sanjeev Goel	director, officer: Chief Executive Officer	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
C. Brian Coad	officer: COO and CFO	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
Keki M. Mistry	director	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006
Subramanian Ramadorai	director	1775 I STREET NW, SUITE 910, WASHINGTON DC 20006

Cartica Acquisition (Cartica Acquisition) Headlines

From GuruFocus

Cartica Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing February 25, 2022

By PRNewswire PRNewswire • 02-22-2022

Cartica Acquisition Corp Announces New Date for Extraordinary General Meeting in lieu of an Annual Meeting

By PRNewswire PRNewswire • 06-16-2023