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Grindr (Grindr) EBIT : $1.3 Mil (TTM As of Mar. 2024)


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What is Grindr EBIT?

Grindr's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $0.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grindr's annualized ROC % for the quarter that ended in Mar. 2024 was 26.15%. Grindr's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 37.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grindr's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.07%.


Grindr EBIT Historical Data

The historical data trend for Grindr'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.

Grindr EBIT Chart

Grindr Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
10.11 - 25.00 31.53 -5.74

Grindr Quarterly Data
Dec19 Dec20 Jun21 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 -6.60 21.20 12.82 -33.15 0.46

Competitive Comparison of Grindr's EBIT

For the Software - Application subindustry, Grindr'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.


Grindr's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Grindr's EV-to-EBIT distribution charts can be found below:

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



Grindr 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 $1.3 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.


Grindr  (NYSE:GRND) EBIT Explanation

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

Grindr'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 )
=77.024 * ( 1 - -39.85% )/( (416.004 + 407.747)/ 2 )
=107.718064/411.8755
=26.15 %

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:

Grindr'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 )
=1.836/( ( (4.938 + max(-1.629, 0)) + (4.621 + max(0.30900000000001, 0)) )/ 2 )
=1.836/( ( 4.938 + 4.93 )/ 2 )
=1.836/4.934
=37.21 %

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)
=(33.906 + 0 + 8.701) - (17.482 + 19.181 + 7.573)
=-1.629

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.733 + 0 + 11.134) - (24.612 + 19.07 + 2.876)
=0.30900000000001

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1.324/1934.127
=0.07 %

* 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.


Grindr EBIT Related Terms

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Grindr (Grindr) Business Description

Traded in Other Exchanges
N/A
Address
750 N. San Vincente Boulevard, Suite RE 1400, PO Box 69176750, West Hollywood, CA, USA, 90069
Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.
Executives
George Arison director, officer: Chief Executive Officer 3727 LA DONNA AVENUE, PALO ALTO CA 94306
Zage George Raymond Iii director, 10 percent owner C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 04
Kye Chen officer: Chief Accounting Officer C/O GRINDR INC., 750 N. SAN VICENTE BLVD., SUITE RE 1400, WEST HOLLYWOOD CA 90069
Carman Wong other: Former Director of Grindr Inc. C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Maggie Lower director 5822 NORTH WINTHROP AVENUE, CHICAGO IL 60660
Gary I. Horowitz director 350 WEST 23RD STREET, APT 6A, NEW YORK NY 10011
Daniel Brooks Baer director 1443 Q STREET NW, WASHINGTON DC 20009
Meghan Stabler director 4502 HARVEY PENICK DR, ROUND ROCK TX 78664
Austin J Balance officer: Chief Product Officer 750 N SAN VICENTE BLVD STE RE1400, WEST HOLLYWOOD CA 90069
Lu James Fu Bin director, 10 percent owner C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Ashish Gupta other: Former Director of Grindr Inc. C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Gearon J Michael Jr director, 10 percent owner 3350 RIVERWOOD PARKWAY, SUITE 425, ATLANTA GA 30339
Ben Falloon other: Former Director of Grindr Inc. C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Vandana Mehta-krantz officer: Chief Financial Officer SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
David Christopher Ryan other: Former Director of Grindr Inc. C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401