Diamondhead Casino (Diamondhead Casino) EBIT : $-0.59 Mil (TTM As of Dec. 2023)

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What is Diamondhead Casino EBIT?

Diamondhead Casino's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Diamondhead Casino's annualized ROC % for the quarter that ended in Dec. 2023 was -26.82%. Diamondhead Casino's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Diamondhead Casino's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.93%.

Diamondhead Casino EBIT Historical Data

The historical data trend for Diamondhead Casino'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.

Diamondhead Casino EBIT Chart

Diamondhead Casino Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.68

-1.60

-0.74

-1.00

-0.59

Diamondhead Casino 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															-0.40	-0.22	-0.20	-0.22	0.05

Competitive Comparison of Diamondhead Casino's EBIT

For the Shell Companies subindustry, Diamondhead Casino'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.

Diamondhead Casino's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Diamondhead Casino's EV-to-EBIT distribution charts can be found below:

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

Diamondhead Casino 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 $-0.59 Mil.

Diamondhead Casino (OTCPK:DHCC) EBIT Explanation

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

Diamondhead Casino'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 )
=	-2.84 * ( 1 - 0% )	/	( (10.698	+	10.477)	/ 2 )
=	-2.84	/	10.5875
=	-26.82 %

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	))
=	5.501	-	13.489	-	( 0.025	-	max(0, 18.711	-	0.025	+	0.025	))
=	10.698

	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	))
=	5.814	-	13.588	-	( 0.426	-	max(0, 18.677	-	0.426	+	0.426	))
=	10.477

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

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

Diamondhead Casino'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 )
=	0.188	/	( ( (4.934 + max(-13.489, 0))	+	(4.691 + max(-13.588, 0)) )	/	2 )
=	0.188	/	( ( 4.934	+	4.691 )	/	2 )
=	0.188	/	4.8125
=	3.91 %

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	+	0	+	0)	-	(13.489	+	0	+	-3.5527136788005E-15)
=	-13.489

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(13.588	+	0	+	0)
=	-13.588

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.594	/	10.020
	=	-5.93 %

Diamondhead Casino EBIT Related Terms

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Diamondhead Casino (Diamondhead Casino) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Diamondhead Casino Corp (OTCPK:DHCC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1013 Princess Street, Alexandria, VA, USA, 22314

Website

http://www.europacruises.com

Diamondhead Casino Corporation plans to develop a casino resort in Diamondhead, Mississippi. The company has no current operations in any state.

Executives

Crow Robert S. Iii	director	5910 CORAL SEA AVE., ROCKVILLE MD 20851
Stephanie Michelle Stevens	director	4309 CHASTAIN WALK NE, ATLANTA GA 30342
St Peter John Michael Jr	director	22121 CREEKVIEW DR, GAITHERSBURG MD 20882
Gregory A Harrison	director, officer: VICE PRESIDENT	16209 KIMBERLY GROVE, GAITHERSBURG MD 20878
Blount Martin Conrad	director	1629 K.ST., N.W.,STE.300, 1344 EAST CAPITOL ST., N.W., WASHINGTON DC 20006
Lewis William Austin Iv	director	201 E 87TH STREET, APT 5H, NEW YORK NY 10128
Thomas Gordon Wood	director	ONE HUGHES CENTER DRIVE, LAS VEGAS NV 89109
Carl Dean Stevens	director	1753 HWY 42 SOUTH, FORSYTH GA 31029
Robert L Zimmerman	officer: CFO
Williams Frank E Jr	director	2789-B HARTLAND ROAD, FALLS CHURCH VA 22043
Deborah A Vitale	director, officer: PRESIDENT
Benjamin J Harrell	director
H Steven Norton	director	700 ROZIER ST, ALTON IL 62002
Arnold Sussman	director

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