Galaxy Entertainment Group (Galaxy Entertainment Group) EBIT

: $915 Mil (TTM As of Dec. 2023)

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Galaxy Entertainment Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $524 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $915 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Galaxy Entertainment Group's annualized ROC % for the quarter that ended in Dec. 2023 was 9.73%. Galaxy Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Galaxy Entertainment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.20%.

Galaxy Entertainment Group EBIT Historical Data

The historical data trend for Galaxy 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.

Galaxy Entertainment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

1,717.57

-480.98

203.28

-417.24

916.64

Galaxy Entertainment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT																70.32	-97.01	-319.45	391.49	523.99

Competitive Comparison

For the Resorts & Casinos subindustry, Galaxy 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.

Galaxy Entertainment Group EV-to-EBIT Distribution

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

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

Galaxy 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 semi-annually data reported by the company within the most recent 12 months, which was $915 Mil.

Galaxy Entertainment Group (OTCPK:GXYYY) EBIT Explanation

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

Galaxy 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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	907.646 * ( 1 - 1.39% )	/	( (9139.884	+	9258.145)	/ 2 )
=	895.0297206	/	9199.0145
=	9.73 %

where

	Invested Capital		(Q: Jun. 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	))
=	10677.113	-	886.912	-	( 1864.5	-	max(0, 1448.373	-	2098.69	+	1864.5	))
=	9139.884

	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	))
=	11167.438	-	1054.674	-	( 2195.355	-	max(0, 1604.759	-	2459.378	+	2195.355	))
=	9258.145

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Galaxy 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1047.972	/	( ( (6655.688 + max(-989.287, 0))	+	(6943.124 + max(-1258.104, 0)) )	/	2 )
=	1047.972	/	( ( 6655.688	+	6943.124 )	/	2 )
=	1047.972	/	6799.406
=	15.41 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(87.741	+	27.768	+	25.498)	-	(886.912	+	0	+	243.382)
=	-989.287

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(90.298	+	28.411	+	21.983)	-	(1054.674	+	0	+	344.122)
=	-1258.104

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	915.472	/	17598.433
	=	5.20 %

Galaxy Entertainment Group EBIT Related Terms

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Galaxy Entertainment Group (Galaxy Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galaxy Entertainment Group Ltd (OTCPK:GXYYY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GXYEF:USA 00027:Hong Kong KW9A:Germany

Address

111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG

Website

https://www.galaxyentertainment.com

Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula, and Galaxy Macau phases 1, 2 and 3 in Cotai, with a hotel capacity of approximately 5,564 rooms.

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