Smart Fit is the largest gym company in Latin America, with a network of units in 15 countries. Its main business model is the operation of gyms, mostly under the Smart Fit brand, in addition to other flags such as Bio Ritmo and a portfolio of studios. The network consists of both its own units, which make up most of its operations, and franchises. The company's operations are geographically concentrated in Brazil, Mexico and several other Latin American countries. In addition to gyms, the company expands its ecosystem through TotalPass, a B2B corporate benefit that brings together partner gyms, and digital platforms such as Queima Diária. Thus, Smart Fit operates both in the B2C market with its gyms and digital products, and in the B2B market through its corporate benefits aggregator.
The EBITDA margin is a measure of a company's operating profit desconsidering D&A costs as a percentage of its revenue.
The EBIT margin is a measure of a company's operating profit considering D&A costs as a percentage of its revenue.
The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue. It is the ratio of net profits to revenues for a company or business segment.
Many companies have a high D&A in relation to the company's operating profit (EBITDA) and although this indicator does not have an effective cash effect, it ends up influencing the accounting net income, so analyzing this relationship can help to understand when D&A has a relevant impact to the company's results.
Shows the amount spent on investments in Capex in relation to Net Revenue for the period. The company can use these investments to try to increase its revenue in the future.
Indicates a comparison between investments in fixed/intangible assets and the depreciation and amortization of some company assets. It serves to let managers know that the company's assets are devaluing periodically, and whether CAPEX has followed the same pace or not.
It shows the percentage of operating cash flow that the company uses in Capex (investments in fixed and intangible assets). When your result is greater than 100%, it demonstrates that there are expenses greater than what the company produces in its operations.
Return on equity (ROE) is the measure of a company's net income divided by its shareholders' equity and is a gauge of a corporation's profitability and how efficiently it generates those profits.
Return on invested capital (ROIC) is a calculation used to assess a company's efficiency in allocating capital to profitable investments. The formula for calculating ROIC in Morningstar involves dividing Net Income by the average of invested capital.
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