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FAT Brands (FAT Brands) EBIT : $19.9 Mil (TTM As of Mar. 2024)


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What is FAT Brands EBIT?

FAT Brands's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $19.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FAT Brands's annualized ROC % for the quarter that ended in Mar. 2024 was 0.04%. FAT Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FAT Brands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.34%.


FAT Brands EBIT Historical Data

The historical data trend for FAT Brands'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.

FAT Brands EBIT Chart

FAT Brands Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 8.15 -10.00 -6.06 -12.53 21.17

FAT Brands 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 0.54 18.57 3.77 -1.72 -0.75

Competitive Comparison of FAT Brands's EBIT

For the Restaurants subindustry, FAT Brands'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.


FAT Brands's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, FAT Brands's EV-to-EBIT distribution charts can be found below:

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



FAT Brands 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 $19.9 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.


FAT Brands  (NAS:FAT) EBIT Explanation

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

FAT Brands'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 )
=0.504 * ( 1 - -10.13% )/( (1424.841 + 1417.858)/ 2 )
=0.5550552/1421.3495
=0.04 %

where

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))
=1388.238 - 118.99 - ( 37.044 - max(0, 276.602 - 121.009+37.044))
=1424.841

Invested Capital(Q: Mar. 2024 )
=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))
=1384.695 - 109.35 - ( 39.886 - max(0, 266.375 - 123.862+39.886))
=1417.858

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

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

FAT Brands'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 )
=-3.004/( ( (320.535 + max(-132.772, 0)) + (316.528 + max(-121.981, 0)) )/ 2 )
=-3.004/( ( 320.535 + 316.528 )/ 2 )
=-3.004/318.5315
=-0.94 %

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)
=(21.146 + 9.306 + 53.513) - (118.99 + 2.49 + 95.257)
=-132.772

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.729 + 9.184 + 55.063) - (109.35 + 2.462 + 94.145)
=-121.981

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=19.872/1485.049
=1.34 %

* 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.


FAT Brands EBIT Related Terms

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FAT Brands (FAT Brands) Business Description

Traded in Other Exchanges
Address
9720 Wilshire Boulevard, Suite 500, Beverly Hills, CA, USA, 90212
FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, acquires and manages quick service, fast casual, casual dining and polished casual dining restaurant concepts around the world. The company operates as a franchisor of restaurants, where the company generally does not own or operate the restaurant locations but rather generates revenue by charging franchisees an initial franchise fee as well as ongoing royalties. For some of the company's brands, it also directly owns and operates restaurant locations. The primary sources of revenue are the sale of food and beverages at company restaurants and the collection of royalties, franchise fees and advertising revenue from sales of food and beverages at franchised restaurants.
Executives
Andrew Wiederhorn director, officer: Chief Executive Officer C/O WILSHIRE FINANCIAL SERVICES INC, 1776 SW MADISON STREET, PORTLAND OR 97205
John Stephen Allen director P.O. BOX 2732, GEARHART OR 97138
James G Ellis director C/O QUIKSILVER, INC., 15202 GRAHAM STREET, HUNTINGTON BEACH CA 92649
Fog Cutter Holdings, Llc 10 percent owner 9720 WILSHIRE BLVD, SUITE 500, BEVERLY HILLS CA 90212
Matthew Green director
Peter R Feinstein director
John Cameron Metz director 13153 FABERGE PLACE, PALM BEACH GARDENS FL 33418
Kenneth Kepp director 27929 SW 95TH AVENUE, SUITE 1101, WILSONVILLE OR 97070
Mark Elenowitz director 400 PROFESSIONAL DRIVE, SUITE 310, GAITHERSBURG MD 20879
Tyler Berchtold Child director P.O. BOX 254, ROSS CA 94957
Vidal Paba Maria Carmen director CARRER CAVALLERS NUMBER 56-58, 4TH FLOOR 1ST DOOR, BARCELONA U3 08034
Mason Alan Wiederhorn director 9720 WILSHIRE BLVD., PH, BEVERLY HILLS CA 90212
Lynne Leigh Collier director 8523 FOREST HILLS BLVD, DALLAS TX 75218
John Squire Junger director 16600 PARK LANE CIRCLE, LOS ANGELES CA 90049
Taylor Andrew Wiederhorn officer: Chief Development Officer 9720 WILSHIRE BLVD,, SUITE 500, BEVERLY HILLS CA 90212