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Canterbury Park Holding (Canterbury Park Holding) EBIT : $5.38 Mil (TTM As of Mar. 2024)


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What is Canterbury Park Holding EBIT?

Canterbury Park Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1.76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $5.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canterbury Park Holding's annualized ROC % for the quarter that ended in Mar. 2024 was 6.94%. Canterbury Park Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canterbury Park Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.22%.


Canterbury Park Holding EBIT Historical Data

The historical data trend for Canterbury Park Holding'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.

Canterbury Park Holding EBIT Chart

Canterbury Park Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.69 -1.73 17.52 11.04 5.17

Canterbury Park Holding 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 1.55 1.06 1.79 0.76 1.76

Competitive Comparison of Canterbury Park Holding's EBIT

For the Gambling subindustry, Canterbury Park Holding'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.


Canterbury Park Holding's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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



Canterbury Park Holding 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 $5.38 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.


Canterbury Park Holding  (NAS:CPHC) EBIT Explanation

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

Canterbury Park Holding'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 )
=7.048 * ( 1 - 31.08% )/( (68.676 + 71.323)/ 2 )
=4.8574816/69.9995
=6.94 %

where

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

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

Canterbury Park Holding'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 )
=7.048/( ( (43.023 + max(-5.77, 0)) + (44.946 + max(-4.321, 0)) )/ 2 )
=7.048/( ( 43.023 + 44.946 )/ 2 )
=7.048/43.9845
=16.02 %

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)
=(0.484 + 0.249 + 4.552) - (10.781 + 0.275 + -0.00099999999999945)
=-5.77

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.828 + 0.265 + 4.737) - (9.769 + 0.382 + 1.7763568394003E-15)
=-4.321

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:

Canterbury Park Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=5.375/86.358
=6.22 %

* 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.


Canterbury Park Holding EBIT Related Terms

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Canterbury Park Holding (Canterbury Park Holding) Business Description

Traded in Other Exchanges
N/A
Address
1100 Canterbury Road, Shakopee, MN, USA, 55379
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
Executives
Damon E. Schramm director C/O EVINE LIVE INC., 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 553444
Peter Ahn director 1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Sampson Family Real Estate Holdings, Llc 10 percent owner 930 LAKE SUSAN HILLS DR., CHANHASSEN MN 55317
Mark Chronister director 1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Maureen Hooley Bausch director 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
John Stefan Himle director 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Randy James Dehmer officer: CFO/Vice President of Finance 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Dale H Schenian director
Burton F Dahlberg director 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Robert Wolf officer: VP of Finance 1100 CANTERBURY RD., SHAKOPEE MN 55379
Daniel J. Kennedy officer: Senior VP of Operations 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Carin J Offerman director 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Curtis A Sampson director PO BOX 777, S MAIN ST, HECTOR MN 55342
Michael Hochman officer: Vice President - Card Casino 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Randall D Sampson director, 10 percent owner, officer: President, CEO & General Mgr 1100 CANTERBURY ROAD, SHAKOPEE MN 55379

Canterbury Park Holding (Canterbury Park Holding) Headlines