GigaMedia (GigaMedia) EBIT : $-3.56 Mil (TTM As of Mar. 2024)

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What is GigaMedia EBIT?

GigaMedia's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GigaMedia's annualized ROC % for the quarter that ended in Mar. 2024 was -49.60%. GigaMedia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -763.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GigaMedia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.49%.

GigaMedia EBIT Historical Data

The historical data trend for GigaMedia'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.

GigaMedia EBIT Chart

GigaMedia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.78

-2.15

-3.97

-3.02

-3.15

GigaMedia 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															-0.70	-0.92	-0.89	-0.64	-1.11

Competitive Comparison of GigaMedia's EBIT

For the Electronic Gaming & Multimedia subindustry, GigaMedia'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.

GigaMedia's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GigaMedia's EV-to-EBIT distribution charts can be found below:

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

GigaMedia 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 $-3.56 Mil.

GigaMedia (NAS:GIGM) EBIT Explanation

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

GigaMedia'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 )
=	-4.456 * ( 1 - 0% )	/	( (9.051	+	8.917)	/ 2 )
=	-4.456	/	8.984
=	-49.60 %

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	))
=	46.497	-	0.703	-	( 38.47	-	max(0, 2.464	-	39.207	+	38.47	))
=	9.051

	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	))
=	45.43	-	0.807	-	( 36.502	-	max(0, 2.231	-	37.937	+	36.502	))
=	8.917

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

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

GigaMedia'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 )
=	-4.456	/	( ( (1.055 + max(-1.729, 0))	+	(0.112 + max(-1.167, 0)) )	/	2 )
=	-4.456	/	( ( 1.055	+	0.112 )	/	2 )
=	-4.456	/	0.5835
=	-763.67 %

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)
=	(0.227	+	0	+	0.508)	-	(0.703	+	0.573	+	1.188)
=	-1.729

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.239	+	0	+	0.825)	-	(0.807	+	0.579	+	0.845)
=	-1.167

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-3.563	/	-23.005
	=	15.49 %

GigaMedia EBIT Related Terms

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GigaMedia (GigaMedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GigaMedia Ltd (NAS:GIGM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GIFN:Germany

Address

Section 2, Tiding Boulevard, Lane 407, 8th Floor, No. 22, Neihu District, Taipei, TWN, 114

Website

http://www.gigamedia.com

GigaMedia Ltd is a publisher of online games. It has only one reportable segment, Digital Entertainment service. Digital Entertainment service business operates a portfolio of online games, mainly targeting online game players across Europe, Asia, including Greater China and Southeast Asia. The company's portfolio of online games includes predominantly PC-based, non-cash gambling or casino casual games, including MahJong and various card and table games. The company's product lines include MahJong, AkaSeka, Yume 100, Fun Vegas, and others. The company operates in Taiwan and Hong Kong.

Executives

Cheng-ming Huang	director, officer: CEO	8F, NO.22, LANE 407, SEC. 2 TIDING BLVD., TAIPEI F5 114
Hwang Collin	director	8F, NO. 22, LANE 407, SECTION 2, TIDING BLVD., TAIPEI F5 114
Criterion Capital Partners Master Fund, L.p.	10 percent owner	STRATHVALE HOUSE-GROUND FLOOR, NORTH CHURCH STREET, GEORGE TOWN E9 00000
Sanjay Motwani	other: N/A	C/O SANSAR CAPITAL MANAGEMENT, L.L.C., 25 WEST 53RD STREET, NEW YORK NY 10019
Sansar Performance, L.p.	other: N/A	C/O SANSAR CAPITAL MANAGEMENT, L.L.C., 25 WEST 53RD STREET, NEW YORK NY 10019
Sansar Capital Master Fund, L.p.	other: N/A	C/O SANSAR CAPITAL MANAGEMENT, L.L.C., 25 WEST 53RD STREET, NEW YORK NY 10019
Sansar Capital Special Opportunity Master Fund, L.p.	other: N/A	25 W 53RD STREET, 14TH FLOOR, NEW YORK NY 10019
Sansar Capital Management, L.l.c.	other: N/A	25 W 53RD STREET, 14TH FLOOR, NEW YORK NY 10019