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Snap (SNAP) EBIT : $-1,272 Mil (TTM As of Dec. 2023)


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What is Snap EBIT?

Snap's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-240 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,272 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Snap's annualized ROC % for the quarter that ended in Dec. 2023 was -29.02%. Snap's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -83.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Snap's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.49%.


Snap EBIT Historical Data

The historical data trend for Snap'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.

Snap EBIT Chart

Snap Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only -1,008.27 -828.96 -456.70 -1,379.24 -1,272.40

Snap 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 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 -278.94 -315.94 -359.87 -356.89 -239.70

Competitive Comparison of Snap's EBIT

For the Internet Content & Information subindustry, Snap'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.


Snap's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Snap's EV-to-EBIT distribution charts can be found below:

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



Snap 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 $-1,272 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.


Snap  (NYSE:SNAP) EBIT Explanation

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

Snap'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 )
=-994.852 * ( 1 - -1.34% )/( (3161.946 + 3787.13)/ 2 )
=-1008.1830168/3474.538
=-29.02 %

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))
=7722.905 - 947.461 - ( 3613.498 - max(0, 1009.572 - 4874.26+3613.498))
=3161.946

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))
=7967.758 - 636.548 - ( 3544.08 - max(0, 1134.118 - 4975.843+3544.08))
=3787.13

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

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

Snap'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 )
=-958.788/( ( (722.001 + max(313.301, 0)) + (927.188 + max(346.966, 0)) )/ 2 )
=-958.788/( ( 1035.302 + 1274.154 )/ 2 )
=-958.788/1154.728
=-83.03 %

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)
=(1116.511 + 0 + 144.251) - (947.461 + 0 + 0)
=313.301

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1278.176 + 0 + 153.587) - (636.548 + 93.706 + 354.543)
=346.966

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-1272.399/19601.613
=-6.49 %

* 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.


Snap EBIT Related Terms

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Snap (SNAP) Business Description

Address
3000 31st Street, Santa Monica, CA, USA, 90405
Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. Snap generates nearly all its revenue from advertising with 70% coming from North America. The firm is headquartered in Venice, California.
Executives
Rebecca Morrow officer: CAO and Controller C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Derek Andersen officer: Chief Financial Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael J. O'sullivan officer: General Counsel C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Eric Young officer: SVP of Engineering 3000 31ST STREET, SANTA MONICA CA 90405
Robert C. Murphy director, officer: Chief Technology Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Evan Spiegel director, officer: Chief Executive Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jerry James Hunter officer: Senior VP, Engineering 3000 31ST STREET, SANTA MONICA CA 90405
Patrick Spence director C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Poppy Thorpe director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jeremi Gorman officer: Chief Business Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Joanna Coles director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Fidel Vargas director 3000 31ST STREET, C/O SNAP INC, SANTA MONICA CA 90405
Jared Grusd officer: Chief Strategy Officer C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405
Elizabeth Jenkins director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael Lynton director 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067