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First Tidal Acquisition (TSXV:AAA.P) EBIT : C$-0.05 Mil (TTM As of Nov. 2023)


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What is First Tidal Acquisition EBIT?

First Tidal Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2023 was C$-0.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was C$-0.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Tidal Acquisition's annualized ROC % for the quarter that ended in Nov. 2023 was %. First Tidal Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Tidal Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -188.00%.


First Tidal Acquisition EBIT Historical Data

The historical data trend for First Tidal 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.

First Tidal Acquisition EBIT Chart

First Tidal Acquisition Annual Data
Trend Feb21 Feb22 Feb23
EBIT
- -0.10 -0.06

First Tidal Acquisition Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - -0.02 -0.01 -0.01 -0.01

Competitive Comparison of First Tidal Acquisition's EBIT

For the Shell Companies subindustry, First Tidal 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.


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

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

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



First Tidal 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.05 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.


First Tidal Acquisition  (TSXV:AAA.P) EBIT Explanation

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

First Tidal Acquisition's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

ROC % (Q: Nov. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2023 ) + Invested Capital (Q: Nov. 2023 ))/ count )
=-0.024 * ( 1 - 0% )/( (0 + 0)/ 2 )
=-0.024/0
= %

where

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

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

First Tidal Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.024/( ( (0 + max(-0.007, 0)) + (0 + max(-0.003, 0)) )/ 2 )
=-0.024/( ( 0 + 0 )/ 2 )
=-0.024/0
= %

where Working Capital is:

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.007 + 0 + 0)
=-0.007

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.003 + 0 + 0)
=-0.003

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Nov. 2023 )
=-0.047/0.025
=-188.00 %

* 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.


First Tidal Acquisition EBIT Related Terms

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First Tidal Acquisition (TSXV:AAA.P) Business Description

Traded in Other Exchanges
N/A
Address
1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1
Website
First Tidal Acquisition Corp is a capital pool company.

First Tidal Acquisition (TSXV:AAA.P) Headlines

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