BRZH (Breeze Holdings Acquisition) EBIT : $-2.46 Mil (TTM As of Jun. 2024)

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What is Breeze Holdings Acquisition EBIT?

Breeze Holdings Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $-0.54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-2.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Breeze Holdings Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 was -10.35%. Breeze Holdings Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Breeze Holdings Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.15%.

Breeze Holdings Acquisition EBIT Historical Data

The historical data trend for Breeze Holdings 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.

Breeze Holdings Acquisition EBIT Chart

Breeze Holdings Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-1.72

-2.32

-2.07

Breeze Holdings Acquisition Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial												-0.30	-0.37	-0.51	-1.05	-0.54

Competitive Comparison of Breeze Holdings Acquisition's EBIT

For the Shell Companies subindustry, Breeze Holdings 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.

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

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

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

Breeze Holdings 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.46 Mil.

Breeze Holdings Acquisition (OTCPK:BRZH) EBIT Explanation

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

Breeze Holdings Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-2.148 * ( 1 - 0.04% )	/	( (21.853	+	19.622)	/ 2 )
=	-2.1471408	/	20.7375
=	-10.35 %

where

	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	))
=	13.507	-	0.64	-	( 0.004	-	max(0, 9.224	-	0.238	+	0.004	))
=	21.853

	Invested Capital		(Q: Jun. 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	))
=	10.692	-	0.653	-	( 0.04	-	max(0, 9.894	-	0.311	+	0.04	))
=	19.622

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.148	/	( ( (0 + max(-0.425, 0))	+	(0 + max(-0.437, 0)) )	/	2 )
=	-2.148	/	( ( 0	+	0 )	/	2 )
=	-2.148	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.215)	-	(0.64	+	0	+	0)
=	-0.425

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.217)	-	(0.653	+	0	+	0.00099999999999945)
=	-0.437

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-2.461	/	59.232
	=	-4.15 %

Breeze Holdings Acquisition EBIT Related Terms

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Breeze Holdings Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Breeze Holdings Acquisition Corp (OTCPK:BRZH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

955 West John Carpenter Freeway, Suite 100-929, Irving, TX, USA, 75039

Website

Breeze Holdings Acquisition Corp is a blank check company.

Executives

James L Williams	director	C/O EMERGISOFT CORPORATION, 2225 AVENUE J, ARLINGTON TX 76006
Albert Mclelland	director	9114 LA STRADA CT., DALLAS TX 75220
Bill Stark	director	5324 DAVIS BLVD, NORTH RICHLAND HILLS IL 76180
Daniel Linn Hunt	director	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
Robert Lee Thomas	director	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
J Douglas Ramsey	director, 10 percent owner, officer: CEO and CFO	5016 AUBURNDALE AVE, COLLEYVILLE TX 76034
Charles C. Ross	officer: COO	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
Russell D. Griffin	director, officer: President	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
Breeze Sponsor, Llc	10 percent owner	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180