Gaxos.AI (Gaxos.AI) EBIT : $-3.47 Mil (TTM As of Mar. 2024)

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What is Gaxos.AI EBIT?

Gaxos.AI's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gaxos.AI's annualized ROC % for the quarter that ended in Mar. 2024 was -3,104.83%. Gaxos.AI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gaxos.AI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 282.40%.

Gaxos.AI EBIT Historical Data

The historical data trend for Gaxos.AI'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.

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Gaxos.AI EBIT Chart

Gaxos.AI Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-1.42

-3.96

Gaxos.AI Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial				-1.54	-0.72	-0.87	-0.83	-1.04

Competitive Comparison of Gaxos.AI's EBIT

For the Electronic Gaming & Multimedia subindustry, Gaxos.AI'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.

Gaxos.AI's EV-to-EBIT Distribution in the Interactive Media Industry

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

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

Gaxos.AI 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 $-3.47 Mil.

Gaxos.AI (NAS:GXAI) EBIT Explanation

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

Gaxos.AI'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 )
=	-4.176 * ( 1 - 0% )	/	( (0.053	+	0.216)	/ 2 )
=	-4.176	/	0.1345
=	-3,104.83 %

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	))
=	3.696	-	0.27	-	( 3.617	-	max(0, 0.27	-	3.643	+	3.617	))
=	0.053

	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	))
=	5.981	-	0.514	-	( 5.404	-	max(0, 0.514	-	5.765	+	5.404	))
=	0.216

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

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

Gaxos.AI'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 )
=	-4.176	/	( ( (0 + max(-0.244, 0))	+	(0 + max(-0.153, 0)) )	/	2 )
=	-4.176	/	( ( 0	+	0 )	/	2 )
=	-4.176	/	0
=	%

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	+	0	+	0.026)	-	(0.27	+	0	+	0)
=	-0.244

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.361)	-	(0.514	+	0	+	0)
=	-0.153

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:

Gaxos.AI's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-3.465	/	-1.227
	=	282.40 %

Gaxos.AI EBIT Related Terms

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Gaxos.AI (Gaxos.AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gaxos.AI Inc (NAS:GXAI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Eisenhower Parkway, Suite 300, Roseland, NJ, USA, 07068

Website

https://www.nftgco.com

Gaxos.AI Inc formerly NFT Gaming Co Inc is developing a digital gaming platform that will offer its proprietary games as well as games developed and published by third parties. It is developing a gaming platform, called Gaxos, founded with a vision to develop, design, acquire, and manage conventional games and to combine these games with unconventional game mechanisms, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, levels, and virtual lands.

Executives

Vadim Mats	director, officer: Chief Executive Officer	285 GRAND AVENUE, ENGLEWOOD NJ 07631
Steven A Shorr	officer: Chief Financial Officer	33 MAIDEN LANE, 5TH FLOOR, NEW YORK NY 10038
Scott Grayson	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Adam Holzer	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Alex Kisin	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068