Galaxy Gaming (Galaxy Gaming) EBIT : $7.54 Mil (TTM As of Mar. 2024)

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What is Galaxy Gaming EBIT?

Galaxy Gaming's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $2.53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $7.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Galaxy Gaming's annualized ROC % for the quarter that ended in Mar. 2024 was 41.27%. Galaxy Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 175.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Galaxy Gaming's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.81%.

Galaxy Gaming EBIT Historical Data

The historical data trend for Galaxy Gaming'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.

Galaxy Gaming EBIT Chart

Galaxy Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3.63

-2.13

3.67

5.85

7.34

Galaxy Gaming 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															2.32	2.62	0.89	1.51	2.53

Competitive Comparison of Galaxy Gaming's EBIT

For the Gambling subindustry, Galaxy Gaming'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.

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

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

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

Galaxy Gaming 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 $7.54 Mil.

Galaxy Gaming (OTCPK:GLXZ) EBIT Explanation

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

Galaxy Gaming'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 )
=	9.244 * ( 1 - 11.06% )	/	( (20.198	+	19.643)	/ 2 )
=	8.2216136	/	19.9205
=	41.27 %

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	))
=	40.476	-	3.586	-	( 16.692	-	max(0, 4.876	-	22.156	+	16.692	))
=	20.198

	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	))
=	40.457	-	3.327	-	( 17.487	-	max(0, 4.36	-	22.557	+	17.487	))
=	19.643

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

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

Galaxy Gaming'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 )
=	10.1	/	( ( (4.152 + max(1.63, 0))	+	(4.068 + max(1.66, 0)) )	/	2 )
=	10.1	/	( ( 5.782	+	5.728 )	/	2 )
=	10.1	/	5.755
=	175.50 %

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)
=	(4.174	+	0	+	1.209)	-	(3.586	+	0.167	+	8.8817841970013E-16)
=	1.63

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.005	+	0	+	0.983)	-	(3.327	+	0.001	+	0)
=	1.66

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	7.539	/	76.845
	=	9.81 %

Galaxy Gaming EBIT Related Terms

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Galaxy Gaming (Galaxy Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galaxy Gaming Inc (OTCPK:GLXZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6480 Cameron Street, Suite 305, Las Vegas, NV, USA, 89118

Website

https://www.galaxygaming.com

Galaxy Gaming Inc develops, acquires, assembles, and markets technology and entertainment-based products and services for the gaming industry for placement on casino floors and on legal internet gaming sites. Its products and services are related to licensed casino operators' table game activities and focus on either increasing profitability, productivity, and security or expanding gaming entertainment offerings in the form of proprietary table games, electronically enhanced table game platforms, and fully automated electronic tables and other ancillary equipment. In addition, it licenses intellectual property to legal internet gaming operators. Its products are assembled at headquarters in Las Vegas, Nevada, as well as outsourced for certain sub-assemblies in the United States.

Executives

Hagerty Harry C Iii	officer: CFO	6767 SPENCER STREET, LAS VEGAS NV 89119
Meredith B. Brill	director	52 HILLHURST BLVD, TORONTO A6 M5N 1N6
Cheryl Kondra	director	6480 CAMERON STREET, SUITE 305, LAS VEGAS NV 89118
Mark A Lipparelli	director	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Todd P Cravens	officer: CEO	6767 SPENCER STREET, LAS VEGAS NV 89119
Michael Gavin Isaacs	director	BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
William A Zender	director	296 DOE RUN CIRCLE, HENDERSON NV 89012
Bryan W. Waters	director	240 MONTE VISTA RIDGE ROAD, ORINDA CA 94563
Norman H Desrosiers	director	6987 VINNEDGE LANE, #119, HIGHLAND NV 92346
Triangulum Partners, Llc.	10 percent owner	6767 SPENCER ST, LAS VEGAS NV 89119
Robert B. Saucier	director, 10 percent owner, officer: CEO, CFO	6980 O'BANNON DRIVE, LAS VEGAS NV 89117
Gary Anthony Vecchiarelli	officer: Chief Financial Officer	6980 OBANNON DRIVE, LAS VEGAS NV 89117
Alixandra Saucier Regulatory Trust	other: Affiliated Trust	698O O'BANNON DRIVE, LAS VEGAS NV 89117
William E O'hara	officer: COO	6980 O'BANNON DRIVE, LAS VEGAS NV 89117
Patrick Mcnevin	director	5205 E. LINCOLN DR., PARADISE VALLEY AZ 85253