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NorthStar Gaming Holdings (TSXV:BET) EBIT : C$-24.42 Mil (TTM As of Dec. 2023)


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What is NorthStar Gaming Holdings EBIT?

NorthStar Gaming Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-7.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-24.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NorthStar Gaming Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -351.71%. NorthStar Gaming Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -78,958.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NorthStar Gaming Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -231.99%.

NorthStar Gaming Holdings EBIT Historical Data

The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings EBIT Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23
EBIT
- -24.76

NorthStar Gaming Holdings Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23
EBIT - -8.60 -4.59 -4.03 -7.21

Competitive Comparison of NorthStar Gaming Holdings's EBIT

For the Electronic Gaming & Multimedia subindustry, NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NorthStar Gaming Holdings's EV-to-EBIT distribution charts can be found below:

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


NorthStar Gaming Holdings 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 C$-24.42 Mil.

* 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.

NorthStar Gaming Holdings  (TSXV:BET) EBIT Explanation

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

NorthStar Gaming Holdings'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 )
=-34.828 * ( 1 - 0% )/( (9.931 + 9.874)/ 2 )
=-34.828/9.9025
=-351.71 %

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))
=7.455 - 7.177 - ( 1.248 - max(0, 14.625 - 4.972+1.248))
=9.931

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))
=13.023 - 9.771 - ( 3.91 - max(0, 17.231 - 10.609+3.91))
=9.874

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

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

NorthStar Gaming Holdings'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 )
=-28.82/( ( (0.037 + max(-12.085, 0)) + (0.036 + max(-13.424, 0)) )/ 2 )
=-28.82/( ( 0.037 + 0.036 )/ 2 )
=-28.82/0.0365
=-78,958.90 %

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)
=(0.398 + 0 + 2.142) - (7.177 + 0 + 7.448)
=-12.085

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.55 + 0 + 2.257) - (9.771 + 0 + 7.46)
=-13.424

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:

NorthStar Gaming Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-24.419/10.526
=-231.99 %

* 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.

NorthStar Gaming Holdings EBIT Related Terms

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NorthStar Gaming Holdings (TSXV:BET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NorthStar Gaming Holdings Inc (TSXV:BET) » Definitions » EBIT
Comparable Companies
TSX:EAGR TSX:VRTS XCNQ:VST XCNQ:TIDL XCNQ:GET XCNQ:AIC TSXV:WAGR TSXV:GAME TSXV:BP TSXV:GOOD ATVI ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697
Traded in Other Exchanges
NSBBF:USA
Address
220 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2
Website
https://www.northstargaming.ca
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.
Executives
Corey Goodman Senior Officer

NorthStar Gaming Holdings (TSXV:BET) Headlines

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