GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ballys Corp (NYSE:BALY) » Definitions » EBIT

Ballys (Ballys) EBIT : $-357 Mil (TTM As of Mar. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Ballys EBIT?

Ballys's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-357 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ballys's annualized ROC % for the quarter that ended in Mar. 2024 was -3.79%. Ballys's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -12.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ballys's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.61%.


Ballys EBIT Historical Data

The historical data trend for Ballys'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.

Ballys EBIT Chart

Ballys Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 115.01 -12.18 -1.15 -246.32 91.82

Ballys Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 379.34 12.79 52.76 -353.08 -69.40

Competitive Comparison of Ballys's EBIT

For the Resorts & Casinos subindustry, Ballys'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.


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

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

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



Ballys 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 $-357 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.


Ballys  (NYSE:BALY) EBIT Explanation

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

Ballys'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 )
=-201.96 * ( 1 - -22.02% )/( (6579.31 + 6410.441)/ 2 )
=-246.431592/6494.8755
=-3.79 %

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))
=6861.103 - 584.228 - ( 163.194 - max(0, 874.78 - 572.345+163.194))
=6579.31

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))
=6635.996 - 565.195 - ( 169.356 - max(0, 875.777 - 536.137+169.356))
=6410.441

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

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

Ballys'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 )
=-277.604/( ( (2335.176 + max(-483.088, 0)) + (2245.548 + max(-492.166, 0)) )/ 2 )
=-277.604/( ( 2335.176 + 2245.548 )/ 2 )
=-277.604/2290.362
=-12.12 %

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)
=(70.328 + 14.629 + 232.443) - (584.228 + 0 + 216.26)
=-483.088

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(66.931 + 15.719 + 228.295) - (565.195 + 0 + 237.916)
=-492.166

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-356.92/5401.880
=-6.61 %

* 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.


Ballys EBIT Related Terms

Thank you for viewing the detailed overview of Ballys's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Ballys (Ballys) Business Description

Traded in Other Exchanges
Address
100 Westminster Street, Providence, RI, USA, 02903
Ballys Corp is a gaming, hospitality, and entertainment company with a portfolio of casinos and resorts, and online gaming businesses. It provides its customers with physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo, sportsbook, and free-to-play (F2P) games. The company has three reportable segments; Casinos & Resorts Includes the Company's 15 casino and resort properties and one horse race track, the North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands, and the International Interactive segment includes Gamesys' European and Asian operations.
Executives
Jeffrey W Rollins director
Jaymin B Patel director C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Terrence Downey director 100 TWIN RIVER ROAD, LINCOLN RI 02865
Wanda Y. Wilson director 100 TWIN RIVER ROAD, LINCOLN RI 02865
Lee Kim Barker officer: EVP, Chief Legal Officer C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Tracy S. Harris director C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022
Robeson Reeves director, officer: President, Interactive 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Craig L Eaton officer: EVP, General Counsel, Sec. 100 TWIN RIVER ROAD, LINCOLN RI 02865
George T. Papanier director, officer: President and CEO 100 TWIN RIVER ROAD, LINCOLN RI 02865
Marcus Glover officer: EVP, Chief Financial Officer C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Standard General L.p. director, 10 percent owner 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Noel Hayden 10 percent owner C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU
Marc A Crisafulli officer: EVP Government Relations C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Robert M. Lavan officer: Executive Vice President, CFO 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Stephen H Capp officer: Executive Vice President, CFO C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148