PYTCY (Playtech) EBIT : $315 Mil (TTM As of Jun. 2024)

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What is Playtech EBIT?

Playtech's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $122 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $315 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Playtech's annualized ROC % for the quarter that ended in Jun. 2024 was 1.12%. Playtech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 54.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Playtech's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 11.52%.

Playtech EBIT Historical Data

The historical data trend for Playtech'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.

Playtech EBIT Chart

Playtech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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155.22

-5.72

737.40

151.27

297.38

Playtech Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															134.67	16.31	103.68	193.02	121.85

Competitive Comparison of Playtech's EBIT

For the Gambling subindustry, Playtech'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.

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

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

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

Playtech 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $315 Mil.

Playtech (OTCPK:PYTCY) EBIT Explanation

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

Playtech's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	306.136 * ( 1 - 89.31% )	/	( (3092.585	+	2760.818)	/ 2 )
=	32.7259384	/	2926.7015
=	1.12 %

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	))
=	3626.827	-	260.305	-	( 562.923	-	max(0, 652.89	-	926.827	+	562.923	))
=	3092.585

	Invested Capital		(Q: Jun. 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	))
=	3633.692	-	496.34	-	( 613.025	-	max(0, 689.989	-	1066.523	+	613.025	))
=	2760.818

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Playtech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	243.702	/	( ( (459.324 + max(-280.589, 0))	+	(439.397 + max(-318.73, 0)) )	/	2 )
=	243.702	/	( ( 459.324	+	439.397 )	/	2 )
=	243.702	/	449.3605
=	54.23 %

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)
=	(225.845	+	7.415	+	111.887)	-	(260.305	+	0	+	365.431)
=	-280.589

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(317.653	+	9.042	+	21.098)	-	(496.34	+	0	+	170.183)
=	-318.73

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	314.872	/	2733.593
	=	11.52 %

Playtech EBIT Related Terms

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Playtech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Playtech PLC (OTCPK:PYTCY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PTECl:UK PTEC:UK

Address

Upper Church Street, Ground Floor, St George’s Court, Douglas, IMN, IM1 1EE

Website

https://www.playtech.com

Playtech PLC specializes in gambling software for various online gambling networks that include online casinos, online bingo, mobile gaming, and online sports betting. The company's open platform software allows customers to build and market casino games that include blackjack, baccarat, slots, and roulette. The company's business segments are gaming B2B and gaming B2C. Gaming B2B is the division that operates casinos, services, sports, bingo, poker, and other B2B gambling. The segment gaming B2C controls Snaitech, Sun Bingo, and other B2C gambling. The company is based on the Isle of Man and generates the majority of its revenue from Italy and the United Kingdom.