Nevada Gold & Casinos (Nevada Gold & Casinos) EBIT : $1.73 Mil (TTM As of Jan. 2019)

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What is Nevada Gold & Casinos EBIT?

Nevada Gold & Casinos's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2019 was $0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2019 was $1.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nevada Gold & Casinos's annualized ROC % for the quarter that ended in Jan. 2019 was 2.88%. Nevada Gold & Casinos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2019 was 8.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nevada Gold & Casinos's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2019 was 3.82%.

Nevada Gold & Casinos EBIT Historical Data

The historical data trend for Nevada Gold & Casinos'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.

Nevada Gold & Casinos EBIT Chart

Nevada Gold & Casinos Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

EBIT

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2.09

3.40

3.25

2.10

2.81

Nevada Gold & Casinos Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
EBIT	Get a 7-Day Free Trial															0.72	0.78	0.23	0.53	0.19

Competitive Comparison of Nevada Gold & Casinos's EBIT

For the Resorts & Casinos subindustry, Nevada Gold & Casinos'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.

Nevada Gold & Casinos's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Nevada Gold & Casinos's EV-to-EBIT falls into.

Nevada Gold & Casinos 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 Jan. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.73 Mil.

Nevada Gold & Casinos (AMEX:UWN) EBIT Explanation

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

Nevada Gold & Casinos's annualized ROC % for the quarter that ended in Jan. 2019 is calculated as:

	ROC % (Q: Jan. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2018 )	+	Invested Capital (Q: Jan. 2019 ))	/ count )
=	0.996 * ( 1 - 21.82% )	/	( (33.302	+	20.807)	/ 2 )
=	0.7786728	/	27.0545
=	2.88 %

where

	Invested Capital		(Q: Oct. 2018 )
=	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	))
=	49.114	-	6.027	-	( 9.785	-	max(0, 6.953	-	28.073	+	9.785	))
=	33.302

	Invested Capital		(Q: Jan. 2019 )
=	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	))
=	42.93	-	5.555	-	( 17.088	-	max(0, 5.555	-	22.123	+	17.088	))
=	20.807

Note: The Operating Income data used here is four times the quarterly (Jan. 2019) data.

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

Nevada Gold & Casinos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2018		Q: Jan. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.752	/	( ( (3.143 + max(11.335, 0))	+	(3.06 + max(-0.52, 0)) )	/	2 )
=	0.752	/	( ( 14.478	+	3.06 )	/	2 )
=	0.752	/	8.769
=	8.58 %

where Working Capital is:

	Working Capital		(Q: Oct. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.291	+	0.345	+	17.652)	-	(6.027	+	0	+	0.926)
=	11.335

	Working Capital		(Q: Jan. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.67	+	0.356	+	4.009)	-	(5.555	+	0	+	0)
=	-0.52

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2019) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Nevada Gold & Casinos's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2019 )
	=	1.725	/	45.130
	=	3.82 %

Nevada Gold & Casinos EBIT Related Terms

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Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Nevada Gold & Casinos Inc (AMEX:UWN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 East Warm Springs Road, Suite 102, Las Vegas, NV, USA, 89119

Website

http://www.nevadagold.com

Nevada Gold & Casinos Inc is a gaming company involved in financing, developing, owning and operating gaming properties and projects. It operates with Washington, South Dakota, Nevada and Corporate segments. The Washington Gold segment consists of the Washington mini-casinos. The South Dakota Gold segment includes slot route operation in South Dakota. The Nevada segment consists of club fortune casino and corporate segment includes the vacant land in Colorado and its taxes and maintenance expenses. The firm has approximately 540 slot machines, seven table games and a poker room, two bars, an entertainment lounge, a William Hill sports book, a cafe, a snack bar, and a gift shop. Nevada derives the majority of revenue from casino operation and rests from others.

Executives

Michael P Shaunnessy	officer: President/CEO	50 BRIAR HOLLOW LANE, STE 500W, HOUSTON TX 77027
James Meier	officer: CFO	4670 SOUTH FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Wayne H White	director
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner
Wynnefield Capital Management Llc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes	10 percent owner
Wynnefield Capital, Inc. Profit Sharing Plan	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Inc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Channel Partnership Ii L P	10 percent owner	450 SEVENTH AVENUE SUITE 509, NEW YORK NY 10123