How do you calculate slugging percentage and what does it indicate about a player's performance in baseball?

Slugging percentage is calculated by dividing the total number of bases a player has earned by the total number of at-bats. It indicates a player's power and ability to hit for extra bases. A higher slugging percentage suggests that a player is more likely to hit for extra bases, such as doubles, triples, and home runs, making them a more valuable offensive player in Baseball.