Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) EBIT : R$1,449 Mil (TTM As of Dec. 2023)

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What is Smartfit Escola DE Ginastica E Danca EBIT?

Smartfit Escola DE Ginastica E Danca's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was R$303 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$1,449 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smartfit Escola DE Ginastica E Danca's annualized ROC % for the quarter that ended in Dec. 2023 was 54.65%. Smartfit Escola DE Ginastica E Danca's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smartfit Escola DE Ginastica E Danca's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.19%.

Smartfit Escola DE Ginastica E Danca EBIT Historical Data

The historical data trend for Smartfit Escola DE Ginastica E Danca'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.

Smartfit Escola DE Ginastica E Danca EBIT Chart

Smartfit Escola DE Ginastica E Danca Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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132.17

-265.78

-182.63

615.47

1,395.36

Smartfit Escola DE Ginastica E Danca Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															234.86	304.41	520.63	320.98	302.69

Competitive Comparison of Smartfit Escola DE Ginastica E Danca's EBIT

For the Leisure subindustry, Smartfit Escola DE Ginastica E Danca'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.

Smartfit Escola DE Ginastica E Danca's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Smartfit Escola DE Ginastica E Danca's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Smartfit Escola DE Ginastica E Danca's EV-to-EBIT falls into.

Smartfit Escola DE Ginastica E Danca 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,449 Mil.

Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) EBIT Explanation

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

Smartfit Escola DE Ginastica E Danca's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	885.56 * ( 1 - -647.68% )	/	( (11721.809	+	12510.329)	/ 2 )
=	6621.155008	/	12116.069
=	54.65 %

where

	Invested Capital		(Q: Sep. 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	))
=	13195.348	-	370.915	-	( 2767.011	-	max(0, 2368.698	-	3471.322	+	2767.011	))
=	11721.809

	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	))
=	14230.177	-	617.946	-	( 2613.313	-	max(0, 2244.232	-	3346.134	+	2613.313	))
=	12510.329

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

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

Smartfit Escola DE Ginastica E Danca's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1210.768	/	( ( (7266.586 + max(-647.373, 0))	+	(7799.573 + max(-407.789, 0)) )	/	2 )
=	1210.768	/	( ( 7266.586	+	7799.573 )	/	2 )
=	1210.768	/	7533.0795
=	16.07 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(350.075	+	0	+	7.268)	-	(370.915	+	0	+	633.801)
=	-647.373

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(349.007	+	0	+	350.852)	-	(617.946	+	0	+	489.702)
=	-407.789

When net working capital is negative, 0 is used.

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

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

Smartfit Escola DE Ginastica E Danca's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1448.705	/	20145.930
	=	7.19 %

Smartfit Escola DE Ginastica E Danca EBIT Related Terms

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Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Smartfit Escola DE Ginastica E Danca SA (BSP:SMFT3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Lelio Gama 104 - 38 Floor, 2nd Floor, Rio de Janeiro, RJ, BRA, 20031080

Website

https://www.smartfit.com.br

Smartfit Escola DE Ginastica E Danca SA is a fitness club. The company provides physical conditioning services through gymnasiums, bodybuilding, dancing and swimming. Facilities offered by the company include SmartBox, free weight, gym classes, bicycles, smart bike, fitness equipment, and a running machine, among others. The Company is present in fourteen countries, namely Brazil, Mexico, Colombia, Chile, Peru, Argentina, Paraguay, Panama, Costa Rica, Dominican Republic, Ecuador, Guatemala, El Salvador, and Honduras, operating in the HVLP segment with the brand Smart Fit, in the Premium segment with the brand Bio Ritmo, and in the digital fitness segment.

Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Headlines

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