Omega Alpha SPAC (Omega Alpha SPAC) EBIT : $-0.82 Mil (TTM As of Sep. 2022)

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What is Omega Alpha SPAC EBIT?

Omega Alpha SPAC's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-0.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Omega Alpha SPAC's annualized ROC % for the quarter that ended in Sep. 2022 was -0.57%. Omega Alpha SPAC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -509.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Omega Alpha SPAC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -0.45%.

Omega Alpha SPAC EBIT Historical Data

The historical data trend for Omega Alpha SPAC'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.

Omega Alpha SPAC EBIT Chart

Omega Alpha SPAC Annual Data

Trend

Dec20

Dec21

EBIT

-0.85

Omega Alpha SPAC Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial			-0.17	-0.18	-0.28	-0.16	-0.20

Competitive Comparison of Omega Alpha SPAC's EBIT

For the Shell Companies subindustry, Omega Alpha SPAC'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.

Omega Alpha SPAC's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Omega Alpha SPAC's EV-to-EBIT falls into.

Omega Alpha SPAC 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.82 Mil.

Omega Alpha SPAC (NAS:OMEG) EBIT Explanation

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

Omega Alpha SPAC's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-0.784 * ( 1 - 0% )	/	( (138.43	+	138.889)	/ 2 )
=	-0.784	/	138.6595
=	-0.57 %

where

	Invested Capital		(Q: Jun. 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	))
=	138.633	-	0.008	-	( 0.195	-	max(0, 0.008	-	0.432	+	0.195	))
=	138.43

	Invested Capital		(Q: Sep. 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	))
=	139.081	-	0.043	-	( 0.149	-	max(0, 0.043	-	0.271	+	0.149	))
=	138.889

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Omega Alpha SPAC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.784	/	( ( (0 + max(0.229, 0))	+	(0 + max(0.079, 0)) )	/	2 )
=	-0.784	/	( ( 0.229	+	0.079 )	/	2 )
=	-0.784	/	0.154
=	-509.09 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.237)	-	(0.008	+	0	+	0)
=	0.229

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.122)	-	(0.043	+	0	+	0)
=	0.079

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

Omega Alpha SPAC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-0.815	/	179.136
	=	-0.45 %

Omega Alpha SPAC EBIT Related Terms

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Omega Alpha SPAC (Omega Alpha SPAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Omega Alpha SPAC (NAS:OMEG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Boylston Street, Suite 1111, Boston, MA, USA, 02199

Website

Omega Alpha SPAC is a blank check company.

Executives

Otello Stampacchia	director, 10 percent owner, officer: Chief Executive Officer	888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199
Alpha Management Omega	10 percent owner	888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02119
Joseph P Slattery	director	C/O TRANSENTERIX, INC., 635 DAVIS DRIVE, SUITE 300, MORRISVILLE NC 27560
Martin Babler	director	C/O INFINITY PHARMACEUTICALS, INC., 780 MEMORIAL DRIVE, CAMBRIDGE MA 02139
Daniel Lynch	director
Vincent Ossipow	officer: Chief Scientific Officer	CH. DES VIGNES 1, COMMUGNY V8 1291
Van De Winkel Jan	director	C/O HOOKIPA PHARMA INC., 430 EAST 29TH STREET 14TH FLOOR, NEW YORK NY 10016
Omega Fund Vi, L.p.	10 percent owner	888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199
Omega Fund Vi Gp Manager, Ltd.	10 percent owner	888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02199
Omega Fund Vi Gp, L.p.	10 percent owner	888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02199
Michelle Doig	director, officer: President	C/O OMEGA ALPHA SPAC, 888 BOYLSTON STREET SUITE 1111, BOSTON MA 02199
Francesco Draetta	officer: Chief Financial Officer	C/O OMEGA ALPHA SPAC, 888 BOYLSTON STREET SUITE 1111, BOSTON MA 02199
Alexandra Pearsall	10 percent owner	C/O OMEGA ALPHA SPAC, 888 BOYLSTON STREET, SUITE 1111, BOSTON MA 02199

Omega Alpha SPAC (Omega Alpha SPAC) Headlines

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Omega Alpha Spac (OMEG) CEO Otello Stampacchia Bought $5 million of Shares

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