Good Gaming (Good Gaming) EBIT : $-0.97 Mil (TTM As of Mar. 2024)

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What is Good Gaming EBIT?

Good Gaming's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Good Gaming's annualized ROC % for the quarter that ended in Mar. 2024 was -1,448.98%. Good Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Good Gaming's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -50.55%.

Good Gaming EBIT Historical Data

The historical data trend for Good Gaming'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.

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Good Gaming EBIT Chart

Good Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.10

-0.93

0.39

-1.95

-0.98

Good Gaming 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															-0.37	-0.34	-0.28	-	-0.36

Competitive Comparison of Good Gaming's EBIT

For the Gambling subindustry, Good Gaming'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.

Good Gaming's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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

Good Gaming 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 $-0.97 Mil.

Good Gaming (OTCPK:GMER) EBIT Explanation

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

Good Gaming'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 )
=	-1.42 * ( 1 - 0% )	/	( (0.086	+	0.11)	/ 2 )
=	-1.42	/	0.098
=	-1,448.98 %

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	))
=	0.484	-	0.52	-	( 0.304	-	max(0, 0.52	-	0.398	+	0.304	))
=	0.086

	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	))
=	0.333	-	0.716	-	( 0.158	-	max(0, 0.716	-	0.223	+	0.158	))
=	0.11

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

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

Good Gaming'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 )
=	-1.42	/	( ( (0 + max(-0.426, 0))	+	(0 + max(-0.651, 0)) )	/	2 )
=	-1.42	/	( ( 0	+	0 )	/	2 )
=	-1.42	/	0
=	%

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)
=	(0	+	0	+	0.094)	-	(0.52	+	0	+	0)
=	-0.426

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.065)	-	(0.716	+	0	+	0)
=	-0.651

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.968	/	1.915
	=	-50.55 %

Good Gaming EBIT Related Terms

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Good Gaming (Good Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Good Gaming Inc (OTCPK:GMER) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

415 McFarlan Road, Suite 108, Kennett Square, PA, USA, 19348

Website

https://www.good-gaming.com

Good Gaming Inc operates in the gaming industry across multiple segments. The company focuses on hosting multiple games online that subscribers can play for free or for fees depending on player level. It also offers social networking functionality, which helps gamers to interact, track each other and communicate.

Executives

Jordan Axt	director	2130 N. LINCOLN PARK WEST, CHICAGO IL 60614
Tassos D. Recachinas	director, 10 percent owner, officer: President	130 BROOKFIELD AVE., FAIRFIELD CT 06825
Hillwinds Ocean Energy, Llc	10 percent owner, other: Control Person (Entity)	501 KINGS HIGHWAY EAST, SUITE 108, FAIRFIELD CT 06825
Mark S Simon	director, officer: President/CEO/CFO	345 S END AVENUE #7P, NEW YORK NY 10280