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Grom Social Enterprises (Grom Social Enterprises) EBIT : $-12.23 Mil (TTM As of Mar. 2024)


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What is Grom Social Enterprises EBIT?

Grom Social Enterprises's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-12.23 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grom Social Enterprises's annualized ROC % for the quarter that ended in Mar. 2024 was -40.96%. Grom Social Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -298.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grom Social Enterprises's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -224.31%.


Grom Social Enterprises EBIT Historical Data

The historical data trend for Grom Social Enterprises'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.

Grom Social Enterprises EBIT Chart

Grom Social Enterprises Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only -2.85 -4.57 -7.65 -12.97 -13.34

Grom Social Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.75 -2.33 -1.98 -7.27 -0.65

Competitive Comparison of Grom Social Enterprises's EBIT

For the Internet Content & Information subindustry, Grom Social Enterprises'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.


Grom Social Enterprises's EV-to-EBIT Distribution in the Interactive Media Industry

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

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



Grom Social Enterprises 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 $-12.23 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.


Grom Social Enterprises  (NAS:GROM) EBIT Explanation

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

Grom Social Enterprises'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 )
=-7.044 * ( 1 - 0% )/( (16.432 + 17.961)/ 2 )
=-7.044/17.1965
=-40.96 %

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:

Grom Social Enterprises'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 )
=-2.596/( ( (0.911 + max(-2.893, 0)) + (0.828 + max(-1.783, 0)) )/ 2 )
=-2.596/( ( 0.911 + 0.828 )/ 2 )
=-2.596/0.8695
=-298.56 %

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)
=(0.496 + 0.043 + 0.528) - (2.219 + 0.377 + 1.364)
=-2.893

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.275 + 0.045 + 0.689) - (2.27 + 0.437 + 0.085)
=-1.783

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:

Grom Social Enterprises's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-12.225/5.450
=-224.31 %

* 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.


Grom Social Enterprises EBIT Related Terms

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Grom Social Enterprises (Grom Social Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431
Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games.
Executives
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jason Allen Williams officer: CFO, Secretary and Treasurer 1649 NORTHWEST 136TH AVENUE, SUNRISE FL 33323
Robert Stevens director C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD., #6, BOCA RATON FL 33431
Norman Steven Rosenthal director 14 TRAILS END ROAD, WILTON CT 06897-3330
Wayne Dearing officer: President of TD Holdings Ltd. C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
Thomas J. Rutherford director 16205 TALAVERA DE AVILA, TAMPA FL 33613
Melvin Leiner director, 10 percent owner C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE 6, BOCA RATON FL 33431
Darren Marks director, 10 percent owner C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE #6, BOCA RATON FL 33431
Ismael Llera officer: CEO and CFO 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
William Frederick Andrews officer: Chief Operating Officer 4721 NW 27TH AVENUE, BOCA RATON FL 33434

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