GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Accel Entertainment Inc (NYSE:ACEL) » Definitions » EBIT

Accel Entertainment (Accel Entertainment) EBIT : $97 Mil (TTM As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Accel Entertainment EBIT?

Accel Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Accel Entertainment's annualized ROC % for the quarter that ended in Mar. 2024 was 9.66%. Accel Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Accel Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.86%.


Accel Entertainment EBIT Historical Data

The historical data trend for Accel 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.

Accel Entertainment EBIT Chart

Accel Entertainment Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -18.71 -3.62 59.28 116.40 98.87

Accel Entertainment 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 23.07 24.33 23.50 27.98 20.84

Competitive Comparison of Accel Entertainment's EBIT

For the Gambling subindustry, Accel 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.


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

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

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



Accel 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $97 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.


Accel Entertainment  (NYSE:ACEL) EBIT Explanation

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

Accel Entertainment'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 )
=102.236 * ( 1 - 39.13% )/( (641.43 + 647.248)/ 2 )
=62.2310532/644.339
=9.66 %

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))
=912.893 - 68.519 - ( 261.611 - max(0, 109.65 - 312.594+261.611))
=641.43

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))
=919.127 - 71.745 - ( 253.919 - max(0, 109.13 - 309.264+253.919))
=647.248

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

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

Accel Entertainment'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 )
=83.372/( ( (260.813 + max(-30.184, 0)) + (271.414 + max(-25.3, 0)) )/ 2 )
=83.372/( ( 260.813 + 271.414 )/ 2 )
=83.372/266.1135
=31.33 %

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)
=(13.467 + 7.681 + 29.835) - (68.519 + 0 + 12.648)
=-30.184

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.737 + 7.841 + 33.767) - (71.745 + 0 + 8.9)
=-25.3

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=96.641/1090.792
=8.86 %

* 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.


Accel Entertainment EBIT Related Terms

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


Accel Entertainment (Accel Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
140 Tower Drive, Burr Ridge, Chicago, IL, USA, 60527
Accel Entertainment Inc is a distributed gaming operator in the United States. It is engaged in the installation, maintenance, and operation of video gaming terminals. The company offers products to restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It operates slot machines and amusement equipment. The company generates a majority of its revenue from net gaming. Net gaming revenue represents net cash received from gaming activities, which is the difference between gaming wins and losses. Net gaming revenue includes the amounts earned by location partners and is recognized at the time of gaming play.
Executives
David W. Ruttenberg director 140 TOWER DRIVE, BURR RIDGE IL 60527
Karl Mr. Peterson director, officer: President & CEO 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Derek Harmer officer: Secretary 140 TOWER DRIVE, BURR RIDGE IL 60527
Andrew H. Rubenstein director, officer: CEO, President 140 TOWER DRIVE, BURR RIDGE IL 60527
Gordon Rubenstein director 140 TOWER DRIVE, BURR RIDGE IL 60527
Christen Kozlik officer: Chief Accounting Officer 140 TOWER DR., BURR RIDGE IL 60527
Mathew Scot Ellis officer: Chief Financial Officer C/O ACCEL ENTERTAINMENT, INC., 140 TOWER DR., BURR RIDGE IL 60527
Brian M. Carroll officer: Chief Financial Officer 140 TOWER DRIVE, BURR RIDGE IL 60527
Dee M Robinson director 140 TOWER DRIVE, BURR RIDGE IL 60527
Michael Joseph Marino officer: Chief Commerical Officer 140 TOWER DRIVE, BURR RIDGE IL 60527
Ryan Hammer officer: President, Gaming Operations 140 TOWER DRIVE, BURR RIDGE IL 60527
Clairvest Group Inc 10 percent owner 22 ST. CLAIRE AVE., SUITE 1700 M4T 253, TORONTO ONTARIO
Brian Sampias officer: Controller 140 TOWER DRIVE, BURR RIDGE IL 60527
Eden Godsoe director 140 TOWER DRIVE, BURR RIDGE IL 60527
Kenneth Rotman director C/O CLAIRVEST GROUP INC, 22 ST. CLAIR AVENUE EAST, SUITE 1700, TORONTO A6 M4T 2S3