Elliott Opportunity II (Elliott Opportunity II) EBIT : $-1.15 Mil (TTM As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Elliott Opportunity II EBIT?

Elliott Opportunity II's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-0.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-1.15 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elliott Opportunity II's annualized ROC % for the quarter that ended in Mar. 2023 was -0.25%. Elliott Opportunity II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was %.

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

Elliott Opportunity II EBIT Historical Data

The historical data trend for Elliott Opportunity II'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.

Elliott Opportunity II EBIT Chart

Elliott Opportunity II Annual Data

Trend

Dec21

Dec22

EBIT

-1.19

Elliott Opportunity II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial				-0.43	-0.37	-0.31	-0.08	-0.39

Competitive Comparison of Elliott Opportunity II's EBIT

For the Shell Companies subindustry, Elliott Opportunity II'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.

Elliott Opportunity II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Elliott Opportunity II's EV-to-EBIT falls into.

Elliott Opportunity II 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.15 Mil.

Elliott Opportunity II (OTCPK:EOCWF) EBIT Explanation

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

Elliott Opportunity II's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-1.548 * ( 1 - 0% )	/	( (618.545	+	625.163)	/ 2 )
=	-1.548	/	621.854
=	-0.25 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	619.33	-	1.296	-	( 0.356	-	max(0, 1.296	-	0.785	+	0.356	))
=	618.545

	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	))
=	625.659	-	1.393	-	( 0.217	-	max(0, 1.393	-	0.496	+	0.217	))
=	625.163

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

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

Elliott Opportunity II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.548	/	( ( (0 + max(-0.867, 0))	+	(0 + max(-1.114, 0)) )	/	2 )
=	-1.548	/	( ( 0	+	0 )	/	2 )
=	-1.548	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.429)	-	(1.296	+	0	+	0)
=	-0.867

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.279)	-	(1.393	+	0	+	0)
=	-1.114

When net working capital is negative, 0 is used.

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

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

Elliott Opportunity II's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-1.152	/	0.000
	=	%

Elliott Opportunity II EBIT Related Terms

Thank you for viewing the detailed overview of Elliott Opportunity II's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.