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Bowlero (Bowlero) EBIT : $119 Mil (TTM As of Dec. 2023)


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What is Bowlero EBIT?

Bowlero's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $119 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bowlero's annualized ROC % for the quarter that ended in Dec. 2023 was 6.82%. Bowlero's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bowlero's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.92%.


Bowlero EBIT Historical Data

The historical data trend for Bowlero'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.

Bowlero EBIT Chart

Bowlero Annual Data
Trend Jun20 Jun21 Jun22 Jun23
EBIT
-1.99 -38.64 63.84 108.66

Bowlero Quarterly Data
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 30.34 -3.62 91.48 45.99 -14.62

Competitive Comparison of Bowlero's EBIT

For the Leisure subindustry, Bowlero'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.


Bowlero's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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



Bowlero 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 $119 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.


Bowlero  (NYSE:BOWL) EBIT Explanation

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

Bowlero'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 )
=198.108 * ( 1 - -4.29% )/( (3003.568 + 3058.638)/ 2 )
=206.6068332/3031.103
=6.82 %

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))
=2987.396 - 98.611 - ( 40.088 - max(0, 193.603 - 78.82+40.088))
=3003.568

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))
=3192.162 - 91.288 - ( 189.955 - max(0, 195.133 - 237.369+189.955))
=3058.638

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

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

Bowlero'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 )
=-58.496/( ( (1863.356 + max(-119.082, 0)) + (1888.558 + max(-106.753, 0)) )/ 2 )
=-58.496/( ( 1863.356 + 1888.558 )/ 2 )
=-58.496/1875.957
=-3.12 %

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)
=(4.087 + 13.183 + 21.462) - (98.611 + 31.555 + 27.648)
=-119.082

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.875 + 14.166 + 26.373) - (91.288 + 37.764 + 25.115)
=-106.753

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=119.214/4077.094
=2.92 %

* 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.


Bowlero EBIT Related Terms

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Bowlero (Bowlero) Business Description

Traded in Other Exchanges
N/A
Address
7313 Bell Creek Road, Mechanicsville, VA, USA, 23111
Bowlero Corp is a operator of bowling entertainment centers. It operate traditional bowling centers and more upscale entertainment concepts with lounge seating, arcades, enhanced food and beverage offerings, and more robust customer service for individuals and group events, as well as hosting and overseeing professional and non-professional bowling tournaments and related broadcasting.
Executives
John Alan Young director C/O BOWLERO CORP., 7313 BELL CREEK ROAD, MECHANICSVILLE VA 23111
Robert M. Lavan officer: Chief Financial Officer 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
A-b Parent Llc director, 10 percent owner C/O ATAIROS GROUP INC, 40 MORRIS AVE, BRYN MAWR PA 19010
Jeffrey C Kostelni officer: Chief Accounting Officer C/O BOWLERO CORP., 7313 BELL CREEK ROAD, MECHANICSVILLE VA 23111
Brett I. Parker officer: Chief Financial Officer C/O BOWLERO CORP., 7313 BELL CREEK ROAD, MECHANICSVILLE VA 23111
Thomas F. Shannon director, officer: Chief Executive Officer C/O BOWLERO CORP., 222 WEST 44TH STREET, NEW YORK NY 10036
Alberto Perlman director C/O BOWLERO CORP., 7313 BELL CREEK ROAD, MECHANICSVILLE VA 23111
George A. Barrios director C/O 1241 EAST MAIN STREET, STAMFORD CT 06902
Michelle D Wilson director C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902
Apollo Spac Fund I, L.p. 10 percent owner 27 HOSPITAL ROAD, GEORGE TOW E9 KY1-9008
Cobalt Group, Llc director C/O BOWLERO CORPORATION, 7313 BELL CREEK ROAD, MECHANICSVILLE VA 23111
Cobalt Recreation Llc director C/O BOWLERO CORPORATION, 7313 BELL CREEK ROAD, MECHANICSVILLE VA 23111
Nicole M. Weinberger officer: Chief Customer Off. & CEO, PBA C/O BOWLERO CORP., 222 W. 44TH STREET, NEW YORK NY 10036
Rachael A. Wagner director, 10 percent owner C/O BOWLERO CORP., 222 WEST 44TH STREET, NEW YORK NY 10036
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019