Horizon Space Acquisition I (Horizon Space Acquisition I) EBIT : $-0.59 Mil (TTM As of Mar. 2024)

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What is Horizon Space Acquisition I EBIT?

Horizon Space Acquisition I's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was $-0.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horizon Space Acquisition I's annualized ROC % for the quarter that ended in Mar. 2024 was -0.23%. Horizon Space Acquisition I'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.

Horizon Space Acquisition I EBIT Historical Data

The historical data trend for Horizon Space Acquisition I'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.

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Horizon Space Acquisition I EBIT Chart

Horizon Space Acquisition I Annual Data

Trend

Dec22

Dec23

EBIT

-0.56

Horizon Space Acquisition I Semi-Annual Data
	Aug22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial			-0.12	-0.07	-0.14	-0.23	-0.15

Competitive Comparison of Horizon Space Acquisition I's EBIT

For the Shell Companies subindustry, Horizon Space Acquisition I'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.

Horizon Space Acquisition I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Horizon Space Acquisition I 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.59 Mil.

Horizon Space Acquisition I (NAS:HSPOU) EBIT Explanation

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

Horizon Space Acquisition I'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 )
=	-0.148 * ( 1 - 0% )	/	( (68.227	+	60.644)	/ 2 )
=	-0.148	/	64.4355
=	-0.23 %

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	))
=	68.246	-	0.134	-	( 0.283	-	max(0, 0.414	-	0.299	+	0.283	))
=	68.227

	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	))
=	60.318	-	0.136	-	( 0.093	-	max(0, 0.616	-	0.154	+	0.093	))
=	60.644

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

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

Horizon Space Acquisition I'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 )
=	-0.148	/	( ( (0 + max(-0.118, 0))	+	(0 + max(-0.075, 0)) )	/	2 )
=	-0.148	/	( ( 0	+	0 )	/	2 )
=	-0.148	/	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	+	0.016)	-	(0.134	+	0	+	-5.5511151231258E-17)
=	-0.118

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.061)	-	(0.136	+	0	+	0)
=	-0.075

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.591	/	0.000
	=	%

Horizon Space Acquisition I EBIT Related Terms

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Horizon Space Acquisition I (Horizon Space Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Horizon Space Acquisition I Corp (NAS:HSPOU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HSPO:USA

Address

1412 Broadway, 21st Floor, Suite 21V, New York, NY, USA, 10018

Website

Horizon Space Acquisition I Corp is a blank check company.

Horizon Space Acquisition I (Horizon Space Acquisition I) Headlines

From GuruFocus

Horizon Space Acquisition I Corp. Announces Closing of $69 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 12-28-2022

Horizon Space Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants, and Rights, Commencing on January 26, 2023

By ACCESSWIRE ACCESSWIRE • 01-24-2023