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Direct Selling Acquisition (Direct Selling Acquisition) EBIT : $-5.94 Mil (TTM As of Mar. 2024)


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What is Direct Selling Acquisition EBIT?

Direct Selling Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.94 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Direct Selling Acquisition's annualized ROC % for the quarter that ended in Mar. 2024 was -10.69%. Direct Selling Acquisition'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. Direct Selling Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.95%.


Direct Selling Acquisition EBIT Historical Data

The historical data trend for Direct Selling Acquisition'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.

Direct Selling Acquisition EBIT Chart

Direct Selling Acquisition Annual Data
Trend Dec21 Dec22 Dec23
EBIT
- -1.83 -4.69

Direct Selling Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.46 -2.34 -0.39 -1.51 -1.72

Competitive Comparison of Direct Selling Acquisition's EBIT

For the Shell Companies subindustry, Direct Selling Acquisition'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.


Direct Selling Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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



Direct Selling Acquisition 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 $-5.94 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.


Direct Selling Acquisition  (OTCPK:DSAQ) EBIT Explanation

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

Direct Selling Acquisition'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 )
=-6.86 * ( 1 - -7.26% )/( (68.763 + 68.955)/ 2 )
=-7.358036/68.859
=-10.69 %

where

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

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

Direct Selling Acquisition'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 )
=-6.86/( ( (0 + max(-4.991, 0)) + (0 + max(-6.624, 0)) )/ 2 )
=-6.86/( ( 0 + 0 )/ 2 )
=-6.86/0
= %

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 + 0.0049999999999999) - (4.996 + 0 + -1.7763568394003E-15)
=-4.991

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.254) - (6.878 + 0 + 0)
=-6.624

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:

Direct Selling Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-5.944/99.827
=-5.95 %

* 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.


Direct Selling Acquisition EBIT Related Terms

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Direct Selling Acquisition (Direct Selling Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
5800 Democracy Drive, Plano, TX, USA, 75024
Direct Selling Acquisition Corp is a blank check company.
Executives
Himanshu Gulati 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Lp 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, NEW YORK NY 10001
Antara Capital Master Fund Lp 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Fund Gp Llc 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Gp Llc 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Total Return Spac Master Fund Lp 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, SUITE C, NEW YORK NY 10001
Antara Capital Total Return Spac Fund Gp Llc 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, SUITE C, NEW YORK NY 10001
Wayne Lee Moorehead director, officer: Chief Strategy Officer 123 EAST 200 NORTH, ALPINE UT 84004
Addison John A. Jr. director 3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Dave Wentz director, officer: Chief Executive Officer 308 W 300, S #203, SALT LAKE CITY UT 84101
Bradford Richardson director 3838 WEST PARKWAY BLVD, SALT LAKE CITY UT 84120
Travis Ogden director C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Mike Lohner director, officer: Chief Financial Officer C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Heather Chastain director C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Dsac Partners Llc 10 percent owner C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024