Altitude International Holdings (Altitude International Holdings) EBIT : $-7.30 Mil (TTM As of Dec. 2022)

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What is Altitude International Holdings EBIT?

Altitude International Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $-5.72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $-7.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altitude International Holdings's annualized ROC % for the quarter that ended in Dec. 2022 was -21.79%. Altitude International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -38.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Altitude International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -10.54%.

Altitude International Holdings EBIT Historical Data

The historical data trend for Altitude International Holdings'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.

Altitude International Holdings EBIT Chart

Altitude International Holdings Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-0.08

-1.82

-7.30

Altitude International Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial					2.46	-0.29	-0.74	-0.56	-5.72

Competitive Comparison of Altitude International Holdings's EBIT

For the Leisure subindustry, Altitude International Holdings'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.

Altitude International Holdings's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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

Altitude International Holdings 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.30 Mil.

Altitude International Holdings (OTCPK:ALTD) EBIT Explanation

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

Altitude International Holdings's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-23.824 * ( 1 - 0% )	/	( (110.296	+	108.412)	/ 2 )
=	-23.824	/	109.354
=	-21.79 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	104.225	-	1.987	-	( 2.148	-	max(0, 12.184	-	4.126	+	2.148	))
=	110.296

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	101.018	-	4.158	-	( 1.596	-	max(0, 15.026	-	3.474	+	1.596	))
=	108.412

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

Altitude International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-22.872	/	( ( (59.72 + max(-2.409, 0))	+	(60.496 + max(-5.287, 0)) )	/	2 )
=	-22.872	/	( ( 59.72	+	60.496 )	/	2 )
=	-22.872	/	60.108
=	-38.05 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.822	+	0.272	+	0.884)	-	(1.987	+	2.401	+	-0.00099999999999945)
=	-2.409

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.738	+	0.364	+	0.776)	-	(4.158	+	3.007	+	0)
=	-5.287

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	-7.299	/	69.220
	=	-10.54 %

Altitude International Holdings EBIT Related Terms

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Altitude International Holdings (Altitude International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Altitude International Holdings Inc (OTCPK:ALTD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952

Website

https://www.altdintl.com

Altitude International Holdings Inc is a holding company focused on a people-first, global wellness group through its operating subsidiaries which are comprised of multiple scalable related revenue streams that together create a vertically integrated high-performance sports, education, and technology group. It has three revenue streams: Sport Tuition Properties, Academic Tuition Properties, and Sport Technology Properties.

Executives

Keith Lee	10 percent owner	399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Gt Investment Partners, Lp	10 percent owner	18952 MACARTHUR BLVD, SUITE 100, IRVINE CA 92612
Scott Del Mastro	director, 10 percent owner	4500 SE PINE VALLEY STREET, PORT ST., LUCIE FL 34952
Gregory C. Breunich	director, 10 percent owner, officer: CEO, Chairman, and Acting CFO	4500 SE PINE VALLY STREET, PORT ST. LUCIE FL 34952
David P Vincent	director, 10 percent owner	ASHWOOD PINES, CHURCH END, SHERFIELD ON LODDON, HANTS X0 RG27 0JB
Gregory C. Anthony	director, 10 percent owner, officer: CCO and President	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Lesley Visser	director	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Joseph B. Frost	officer: C.O.O.	4210 S. OCEAN BLVD., APT. 2, HIGHLAND BEACH FL 33487
Greg Peter Whyte	director	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Robert Kanuth	director, 10 percent owner, officer: CEO	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Amy Karen Freedman	10 percent owner	308 KENMORE AVE., EDGEWATER MD 21037

Altitude International Holdings (Altitude International Holdings) Headlines

From GuruFocus

Altitude International Holdings Provides Third Quarter 2022 Corporate Update; YTD Revenues Increase 40% to $7.7 Million

By ACCESSWIRE ACCESSWIRE • 11-03-2022