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Drive Shack (Drive Shack) EBIT

: $-7.9 Mil (TTM As of Sep. 2023)
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Drive Shack's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-7.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Drive Shack's annualized ROC % for the quarter that ended in Sep. 2023 was -0.64%. Drive Shack's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Drive Shack's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.28%.


Drive Shack EBIT Historical Data

The historical data trend for Drive Shack'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.

Drive Shack Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.76 -45.45 -43.68 -19.29 -36.35

Drive Shack Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.05 -11.60 -2.77 6.83 -0.36

Competitive Comparison

For the Leisure subindustry, Drive Shack'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.


Drive Shack EV-to-EBIT Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Drive Shack's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Drive Shack's EV-to-EBIT falls into.



Drive Shack 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.9 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.


Drive Shack  (OTCPK:DSHK) EBIT Explanation

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

Drive Shack's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-3.244 * ( 1 - 2.49% )/( (489.8 + 491.221)/ 2 )
=-3.1632244/490.5105
=-0.64 %

where

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

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

Drive Shack's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.428/( ( (389.555 + max(-72.58, 0)) + (397.383 + max(-69.812, 0)) )/ 2 )
=-1.428/( ( 389.555 + 397.383 )/ 2 )
=-1.428/393.469
=-0.36 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.359 + 3.418 + 15.777) - (41.19 + 23.374 + 36.57)
=-72.58

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.725 + 3.463 + 10.711) - (40.391 + 19.717 + 30.603)
=-69.812

When net working capital is negative, 0 is used.

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

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

Drive Shack's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-7.9/346.557
=-2.28 %

* 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.


Drive Shack EBIT Related Terms

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Drive Shack (Drive Shack) Business Description

Traded in Other Exchanges
Address
10670 N. Central Expressway, Suite 700, Dallas, TX, USA, 75231
Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues, and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.
Executives
Wesley R Edens director 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Hana Khouri officer: President 218 WEST 18TH STREET, 3RD FLOOR, NEW YORK NY 10011
Stuart A Mcfarland director C/O FORTRESS INVESTMENT GROUP, 1345 AVE OF THE AMERICAS 46TH FL, NEW YORK NY 10105
Goodfield Lawrence A. Jr. officer: CFO, CAO & Treasurer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Lee Nichols officer: Chief Financial Officer C/O DRIVE SHACK INC., 218 W. 18TH STREET, 3RD FLOOR, NEW YORK NY 10011
Acacia Research Corp director 767 3RD AVENUE, 6TH FLOOR, NEW YORK NY 10017
Virgis Colbert director 5725 DELPHI DRIVE, TROY MI 48098
Benjamin M Crane director 218 WEST 18TH STREET 3RD FLOOR, NEW YORK NY 10011
Clifford Press director 152 WEST 57TH STREET, NEW YORK NY 10019
David Hammarley officer: Chief Financial Officer 111 WEST 19TH STREET, 8TH FLOOR, NEW YORK NY 10011
Kenneth A May director, officer: CEO & President 13155 NOEL ROAD, SUITE 1600, THREE GALLERIA TOWER, DALLAS TX 75240
William J Clifford director 845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
Alan L. Tyson director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sara A. Yakin officer: Chief Operating Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sarah Watterson officer: CEO & President 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105