Inspired Entertainment (Inspired Entertainment) EBIT : $43.7 Mil (TTM As of Dec. 2023)

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What is Inspired Entertainment EBIT?

Inspired Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $10.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $43.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inspired Entertainment's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Inspired Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 43.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Inspired Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.43%.

Inspired Entertainment EBIT Historical Data

The historical data trend for Inspired Entertainment'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.

Inspired Entertainment EBIT Chart

Inspired Entertainment Annual Data

Trend

Dec14

Dec15

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-10.50

-24.20

3.80

50.20

43.70

Inspired Entertainment 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															12.40	5.50	14.80	13.10	10.30

Competitive Comparison of Inspired Entertainment's EBIT

For the Gambling subindustry, Inspired Entertainment'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.

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

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

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

Inspired Entertainment 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 $43.7 Mil.

Inspired Entertainment (NAS:INSE) EBIT Explanation

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

Inspired Entertainment'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 )
=	37.2 * ( 1 - 100% )	/	( (216.7	+	233.8)	/ 2 )
=	0	/	225.25
=	0.00 %

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	))
=	304.7	-	61.6	-	( 26.4	-	max(0, 77.8	-	133.3	+	26.4	))
=	216.7

	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	))
=	340.9	-	67.1	-	( 40	-	max(0, 100.7	-	152.5	+	40	))
=	233.8

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

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

Inspired Entertainment'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 )
=	41.2	/	( ( (66.9 + max(33.2, 0))	+	(77 + max(11.5, 0)) )	/	2 )
=	41.2	/	( ( 100.1	+	88.5 )	/	2 )
=	41.2	/	94.3
=	43.69 %

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)
=	(29.2	+	39.9	+	37.8)	-	(61.6	+	8.7	+	3.4)
=	33.2

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(39.8	+	32.3	+	15.6)	-	(67.1	+	8.5	+	0.60000000000001)
=	11.5

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	43.7	/	518.085
	=	8.43 %

Inspired Entertainment EBIT Related Terms

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Inspired Entertainment (Inspired Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Inspired Entertainment Inc (NAS:INSE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 West 57th Street, Suite 415, New York, NY, USA, 10107

Website

https://www.inseinc.com

Inspired Entertainment Inc is a gaming technology company based in the United States. Its core business involves the development of Virtual Sports and Server-Based Gaming systems with associated terminals and digital content to regulate betting, gaming, and lottery operators around the world. It operates through four segments namely Gaming; Virtual Sports; Interactive and Leisure. The company generates maximum revenue from the Gaming segment. Its Gaming segment supplies gaming terminals as well as gaming software and games for the terminals provided to betting offices, casinos, gaming halls, and high street adult gaming centers. Geographically, it derives a majority of revenue from the UK.

Executives

Michael R. Chambrello	director	C/O SCIENTIFIC GAMES CORPORATION, 750 LEXINGTON AVENUE, 25TH FLOOR, NEW YORK NY 10022
Andrew C Stone	officer: See Remarks	C/O INSPIRED ENTERTAINMENT, INC., 250 WEST 57TH STREET SUITE 415, NEW YORK NY 10107
Evan Wainhouse Davis	10 percent owner	15 EAST LEVERING MILL ROAD, BALA CYNWYD PA 19004
Katja Tautscher	director	BOREALIS AG, WAGRAMER STRASSE 17 TO 19, VIENNA C4 1220
Desiree G Rogers	director	C/O PINNACLE ENTERTAINMENT, INC., 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Marcus Alexander Hoye	director	RUNWAY EAST BUILDING, 10 FINSBURY SQUARE, LONDON X0 EC2A1AF
Steven M Saferin	director	C/O SCIENTIFIC GAMES INTERNATIONAL, INC., 1500 BLUEGRASS LAKES PARKWAY, ALPHARETTA, GA 30004
Brooks H Pierce	officer: President and COO	C/O SCIENTIFIC GAMES CORPORATION, 750 LEXINGTON AVENUE, NEW YORK, NY 10022
Carys Damon	officer: General Counsel	250 WEST 57TH STREET SUITE 2223, NEW YORK NY 10107
Partners Llp Vitruvian	10 percent owner	105 WIGMORE STREET, LONDON X0 W1U 1QY
Luke Lyon Alvarez	director, officer: Chief Executive Officer	4 PITMAN'S ALLEY, GIBRALTAR J1 GX11 1AA
Hg Vora Capital Management, Llc	10 percent owner	330 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10017
Vip I B L.p.	10 percent owner	105 WIGMORE STREET, LONDON X0 WIV IQY
John M Vandemore	director	6355 S. BUFFALO DRIVE, LAS VEGAS NV 89521
Ira H Raphaelson	director	LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109