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Empire Resorts (Empire Resorts) EBIT : $-73.9 Mil (TTM As of Sep. 2019)


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What is Empire Resorts EBIT?

Empire Resorts's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2019 was $-9.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2019 was $-73.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Empire Resorts's annualized ROC % for the quarter that ended in Sep. 2019 was -4.42%. Empire Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was -5.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Empire Resorts's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was -22.00%.


Empire Resorts EBIT Historical Data

The historical data trend for Empire Resorts'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.

Empire Resorts EBIT Chart

Empire Resorts Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.78 -33.96 -23.67 -27.08 -88.75

Empire Resorts Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 -17.96 -25.02 -20.31 -18.86 -9.68

Competitive Comparison of Empire Resorts's EBIT

For the Resorts & Casinos subindustry, Empire Resorts'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.


Empire Resorts's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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



Empire Resorts 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-73.9 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.


Empire Resorts  (NAS:NYNY) EBIT Explanation

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

Empire Resorts's annualized ROC % for the quarter that ended in Sep. 2019 is calculated as:

ROC % (Q: Sep. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2019 ) + Invested Capital (Q: Sep. 2019 ))/ count )
=-38.624 * ( 1 - 0% )/( (873.548 + 872.452)/ 2 )
=-38.624/873
=-4.42 %

where

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

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

Empire Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2019  Q: Sep. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-38.728/( ( (750.786 + max(-27.753, 0)) + (742.95 + max(-28.181, 0)) )/ 2 )
=-38.728/( ( 750.786 + 742.95 )/ 2 )
=-38.728/746.868
=-5.19 %

where Working Capital is:

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.001 + 1.159 + 7.039) - (38.628 + 2.322 + 6.002)
=-27.753

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.323 + 1.12 + 8.315) - (40.33 + 3.525 + 6.084)
=-28.181

When net working capital is negative, 0 is used.

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

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

Empire Resorts's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2019 )
=-73.862/335.750
=-22.00 %

* 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.


Empire Resorts EBIT Related Terms

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Empire Resorts (Empire Resorts) Business Description

Traded in Other Exchanges
N/A
Address
c/o Monticello Casino and Raceway, 204 State Route 17B, P.O. Box 5013, Monticello, NY, USA, 12701
Empire Resorts Inc is a United State based holding company which operates casinos. It engaged in the hospitality and gaming industries. The company's subsidiary, Monticello Raceway Management, Inc., owns and operates the Monticello Casino and Raceway in Monticello, New York. The facility includes over 1,000 slot machines and electronic table games, as well as dining and live entertainment.
Executives
Kok Thay Lim 10 percent owner 22ND FLOOR, WISMA GENTING, JALAN SULTAN ISMAIL, KUALA LUMPUR N8 50250
Emanuel R Pearlman director, officer: Executive Chairman 250 EAST 79TH STREET, NEW YORK NY 10075
Paul Debary director C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
Richard L Robbins director C/O VITAL SIGNS INC, 20 CAMPUS ROAD, TOTWA NJ 07512
Robert Alan Berman 10 percent owner C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
David Patrick Hanlon director, officer: CEO and President
Arthur Sonnenblick director 888 SEVENTH AVE, NEW YORK NY 10019