Esports Entertainment Group (Esports Entertainment Group) EBIT : $-35.37 Mil (TTM As of Dec. 2023)

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What is Esports Entertainment Group EBIT?

Esports Entertainment Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-17.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-35.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Esports Entertainment Group's annualized ROC % for the quarter that ended in Dec. 2023 was -123.36%. Esports Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -112,714.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Esports Entertainment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -249.68%.

Esports Entertainment Group EBIT Historical Data

The historical data trend for Esports 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.

Esports Entertainment Group EBIT Chart

Esports Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.49

-7.20

-29.49

-101.48

-29.80

Esports Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-13.16	-12.73	-0.80	-4.80	-17.05

Competitive Comparison of Esports Entertainment Group's EBIT

For the Gambling subindustry, Esports 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.

Esports Entertainment Group's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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

Esports 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35.37 Mil.

Esports Entertainment Group (OTCPK:GMBL) EBIT Explanation

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

Esports Entertainment Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-14.196 * ( 1 - 0% )	/	( (18.49	+	4.525)	/ 2 )
=	-14.196	/	11.5075
=	-123.36 %

where

	Invested Capital		(Q: Sep. 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	))
=	18.89	-	8.322	-	( 0.303	-	max(0, 10.16	-	2.238	+	0.303	))
=	18.49

	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	))
=	7.604	-	8.488	-	( 1.102	-	max(0, 10.076	-	4.667	+	1.102	))
=	4.525

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Esports Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-68.192	/	( ( (0.078 + max(-9.487, 0))	+	(0.043 + max(-7.201, 0)) )	/	2 )
=	-68.192	/	( ( 0.078	+	0.043 )	/	2 )
=	-68.192	/	0.0605
=	-112,714.05 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.113	+	0	+	0.49)	-	(8.322	+	1.768	+	0)
=	-9.487

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.073	+	0	+	2.752)	-	(8.488	+	1.539	+	-0.00099999999999945)
=	-7.201

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-35.374	/	14.168
	=	-249.68 %

Esports Entertainment Group EBIT Related Terms

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Esports Entertainment Group (Esports Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Esports Entertainment Group Inc (OTCPK:GMBL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 6, Triq Paceville, St. Julians, Birkirkara, MLT, STJ 3109

Website

https://www.esportsentertainmentgroup.com

Esports Entertainment Group Inc is a full-service esports and online betting company. It focuses on three verticals: Games, iGaming, and Technology. EEG Games provides a wide array of services and infrastructure for businesses to engage esports and gaming communities around the world including Esports Gaming League (EGL), which hosts a community of more than 350,000 gamers on its proprietary tournament platform EGL.tv. EEG iGaming includes a number of award-winning brands covering traditional online sports book wagering needs as well as a multinational casino operator.

Executives

Robert Soper	director	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Michael J Villani	officer: Interim CFO and Controller	84 FESTIVAL CT., WHITE PLAINS NY 10603
Alex Igelman	officer: Chief Executive Officer	800 STEELES AVE W, SUITE B10245, THORNHILL A6 L4J 7L2
Jennifer Shera Pace	officer: Chief People Officer	FLAT 6, BLOCK D, IL-PJAZZA,, BIRBAL STREET, BALZAN O1 BZN9015
Grant Johnson	director, 10 percent owner, officer: Pres./Sec./Treas.	C/O SWISS MEDICA, 53 YONGE STREET, TORONTO A6 A1 M5E 1J3
Lydia Roy	officer: Secretary	9595 HIGHLAND POINTE PASS, DELRAY BEACH FL 33446
Mark Andrew Nielsen	director, officer: Director	5271 E SAGEWOOD DRIVE, BOISE ID 83716
Lefevre Adrien	officer: Chief Compliance Officer	170, PATER HOUSE,, LEVEL 1, PSAILA STREET, BIRKIRKARA O1 9077
Stuart James Tilly	officer: Chief Legal Officer	170 PATER HOUSE,, PSAILA STREET, BIRKIRKARA O1 BKR 9077
Warwick Winston Bartlett	director	ROSE COTTAGE,, 28 BOWLING GREEN ROAD, CASTLETOWN Y8 IM9 1EB
Daniel Michael Marks	officer: Chief Financial Officer	170 PETER HOUSE, PSAILA STREET, BIRKIKARA O1 BKR 9077
Damian Mathews	director	170 PETER HOUSE, PSAILA STREET, BIRKIRKARA O1 BRK 9077
James S Cardwell	officer: Interim CFO	CLINTON SQUARE, 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
John Clyde Brackens	officer: Chief Information Officer	66 EASTVILLE AVE, EASTVILLE SUBDIVISION, FILINVEST EAST HOMES, CAINTA, RIZAL R6 1900
Shawn Erickson	10 percent owner	280 NELSON STREET, SUITE 448, VANCOUVER A1 V6E 2E2