SMFL (Smart for Life) EBIT : $-16.49 Mil (TTM As of Dec. 2023)

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What is Smart for Life EBIT?

Smart for Life's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-7.06 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-16.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smart for Life's annualized ROC % for the quarter that ended in Dec. 2023 was -23.40%. Smart for Life's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,165.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smart for Life's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -115.47%.

Smart for Life EBIT Historical Data

The historical data trend for Smart for Life'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.

Smart for Life EBIT Chart

Smart for Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-2.39

-1.92

-5.25

-12.49

-16.49

Smart for Life Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial										-4.75	-2.74	-3.51	-3.17	-7.06

Competitive Comparison of Smart for Life's EBIT

For the Packaged Foods subindustry, Smart for Life'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.

Smart for Life's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Smart for Life's EV-to-EBIT distribution charts can be found below:

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

Smart for Life 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 $-16.49 Mil.

Smart for Life (OTCPK:SMFL) EBIT Explanation

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

Smart for Life'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 )
=	-7 * ( 1 - 0% )	/	( (28.493	+	31.338)	/ 2 )
=	-7	/	29.9155
=	-23.40 %

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	))
=	25.539	-	8.422	-	( 0.009	-	max(0, 13.925	-	2.549	+	0.009	))
=	28.493

	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	))
=	19.659	-	8.045	-	( 0.189	-	max(0, 22.056	-	2.332	+	0.189	))
=	31.338

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

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

Smart for Life'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 )
=	-28.252	/	( ( (2.733 + max(-6.633, 0))	+	(2.116 + max(-9.33, 0)) )	/	2 )
=	-28.252	/	( ( 2.733	+	2.116 )	/	2 )
=	-28.252	/	2.4245
=	-1,165.27 %

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)
=	(0.413	+	1.988	+	0.139)	-	(8.422	+	0.751	+	1.7763568394003E-15)
=	-6.633

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.07	+	1.243	+	0.498)	-	(8.045	+	0.465	+	2.631)
=	-9.33

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-16.485	/	14.277
	=	-115.47 %

Smart for Life EBIT Related Terms

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Smart for Life Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart for Life Inc (OTCPK:SMFL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

990 Biscayne Boulevard, Suite 505, Miami, FL, USA, 33132

Website

https://www.smartforlifecorp.com

Smart for Life Inc is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. It generates revenues by manufacturing and packaging nutraceutical products as a contract manufacturer for customers.

Executives

Trilogy Capital Group, Llc	10 percent owner	10575 NW 37 TERRACE, MIAMI FL 33178
Cervantes Alfonso J. Jr	director, 10 percent owner, officer: Executive Chairman	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Arthur S Reynolds	director
Ronald S. Altbach	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Richard M Cohen	director	C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031
Darren C. Minton	director, 10 percent owner, officer: President	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Ryan F. Zackon	director, officer: Chief Executive Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Alan B. Bergman	officer: Chief Financial Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Robert S. Rein	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Wood Roger Conley	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132