X1 Entertainment Group (XCNQ:XONE) EBIT : C$-0.02 Mil (TTM As of Feb. 2024)

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What is X1 Entertainment Group EBIT?

X1 Entertainment Group's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was C$-0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. X1 Entertainment Group's annualized ROC % for the quarter that ended in Feb. 2024 was -116.14%. X1 Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. X1 Entertainment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -0.31%.

X1 Entertainment Group EBIT Historical Data

The historical data trend for X1 Entertainment Group'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.

X1 Entertainment Group EBIT Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

EBIT

-1.43

-2.34

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
EBIT	Get a 7-Day Free Trial						-1.13	-0.43	0.71	-0.13	-0.17

Competitive Comparison of X1 Entertainment Group's EBIT

For the Entertainment subindustry, X1 Entertainment Group'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.

X1 Entertainment Group's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, X1 Entertainment Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where X1 Entertainment Group's EV-to-EBIT falls into.

X1 Entertainment Group 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.02 Mil.

X1 Entertainment Group (XCNQ:XONE) EBIT Explanation

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

X1 Entertainment Group's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	-0.572 * ( 1 - 0% )	/	( (0.453	+	0.532)	/ 2 )
=	-0.572	/	0.4925
=	-116.14 %

where

	Invested Capital		(Q: Nov. 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	))
=	0.225	-	0.382	-	( 0.178	-	max(0, 0.835	-	0.225	+	0.178	))
=	0.453

	Invested Capital		(Q: Feb. 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	))
=	0.492	-	0.293	-	( 0.381	-	max(0, 0.759	-	0.426	+	0.381	))
=	0.532

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

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

X1 Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.66	/	( ( (0 + max(-0.335, 0))	+	(0 + max(-0.248, 0)) )	/	2 )
=	-0.66	/	( ( 0	+	0 )	/	2 )
=	-0.66	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.015	+	0	+	0.032)	-	(0.382	+	0	+	0)
=	-0.335

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.017	+	0	+	0.028)	-	(0.293	+	0	+	0)
=	-0.248

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

X1 Entertainment Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	-0.017	/	5.499
	=	-0.31 %

X1 Entertainment Group EBIT Related Terms

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X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.

Executives

Adam Giddens

Director, Senior Officer