Slam (SLAM) EBIT : $-5.01 Mil (TTM As of Mar. 2024)

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What is Slam EBIT?

Slam's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.01 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Slam's annualized ROC % for the quarter that ended in Mar. 2024 was -7.26%. Slam'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. Slam's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.84%.

Slam EBIT Historical Data

The historical data trend for Slam'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.

Slam EBIT Chart

Slam Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-3.40

-3.37

-4.55

Slam Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial									-1.36	-0.69	-0.63	-1.87	-1.81

Competitive Comparison of Slam's EBIT

For the Shell Companies subindustry, Slam'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.

Slam's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Slam 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.01 Mil.

Slam (NAS:SLAM) EBIT Explanation

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

Slam'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 )
=	-7.232 * ( 1 - 0% )	/	( (98.798	+	100.301)	/ 2 )
=	-7.232	/	99.5495
=	-7.26 %

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	))
=	99.137	-	2.975	-	( 0.076	-	max(0, 2.975	-	0.339	+	0.076	))
=	98.798

	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	))
=	100.065	-	4.34	-	( 0.093	-	max(0, 4.669	-	0.093	+	0.093	))
=	100.301

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

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

Slam'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 )
=	-7.232	/	( ( (0 + max(-2.712, 0))	+	(0 + max(-4.669, 0)) )	/	2 )
=	-7.232	/	( ( 0	+	0 )	/	2 )
=	-7.232	/	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	+	0.263)	-	(2.975	+	0	+	0)
=	-2.712

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(4.34	+	0	+	0.329)
=	-4.669

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-5.005	/	272.124
	=	-1.84 %

Slam EBIT Related Terms

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Slam (SLAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Slam Corp (NAS:SLAM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SLAMU:USA

Address

55 Hudson Yards, 47th Floor, Suite C, New York, NY, USA, 10001

Website

https://www.slamcorp.com

Slam Corp is a blank check company.

Executives

Alexandre Zyngier	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Ann Berry	director	C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Barbara M Byrne	director	C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Jagdeep Singh	director	C/O INFINERA CORPORATION, 169 JAVA DRIVE, SUNNYVALE CA 94089
Kelly Laferriere	officer: President	C/O SIX FLAGS INC, 1540 BROADWAY, NEW YORK NY 10036
Desiree Gruber	director	C/O DPCM CAPITAL, INC., 382 NE 191 STREET, #24148, MIAMI FL 33179
Himanshu Gulati	director, officer: Chairman	500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Slam Sponsor, Llc	director, 10 percent owner	500 FIFTH AVENUE, NEW YORK NY 10110
Chetan Bansal	director, officer: Chief Development Officer	C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Alexander Rodriguez	director, officer: Chief Executive Officer	C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Joseph Taeid	officer: Chief Financial Officer	C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Reginald Hudlin	director	C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110

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