Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) EBIT : $-46.40 Mil (TTM As of Dec. 2023)

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What is Hall Of Fame Resort & Entertainment Co EBIT?

Hall Of Fame Resort & Entertainment Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-14.77 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-46.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hall Of Fame Resort & Entertainment Co's annualized ROC % for the quarter that ended in Dec. 2023 was -6.07%. Hall Of Fame Resort & Entertainment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hall Of Fame Resort & Entertainment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -19.54%.

Hall Of Fame Resort & Entertainment Co EBIT Historical Data

The historical data trend for Hall Of Fame Resort & Entertainment Co'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.

Hall Of Fame Resort & Entertainment Co EBIT Chart

Hall Of Fame Resort & Entertainment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-33.21

-29.40

-84.07

-34.54

-46.40

Hall Of Fame Resort & Entertainment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial														-13.98	-14.90	-8.01	-8.72	-14.77

Competitive Comparison of Hall Of Fame Resort & Entertainment Co's EBIT

For the Entertainment subindustry, Hall Of Fame Resort & Entertainment Co'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.

Hall Of Fame Resort & Entertainment Co's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hall Of Fame Resort & Entertainment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hall Of Fame Resort & Entertainment Co's EV-to-EBIT falls into.

Hall Of Fame Resort & Entertainment Co 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 $-46.40 Mil.

Hall Of Fame Resort & Entertainment Co (NAS:HOFV) EBIT Explanation

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

Hall Of Fame Resort & Entertainment Co'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 )
=	-25.888 * ( 1 - 0% )	/	( (433.423	+	420.089)	/ 2 )
=	-25.888	/	426.756
=	-6.07 %

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	))
=	447.062	-	23.087	-	( 10.058	-	max(0, 30.705	-	21.257	+	10.058	))
=	433.423

	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	))
=	441.897	-	23.119	-	( 5.243	-	max(0, 28.561	-	27.25	+	5.243	))
=	420.089

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

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

Hall Of Fame Resort & Entertainment Co'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 )
=	-59.084	/	( ( (375.447 + max(-19.506, 0))	+	(351.767 + max(-6.554, 0)) )	/	2 )
=	-59.084	/	( ( 375.447	+	351.767 )	/	2 )
=	-59.084	/	363.607
=	-16.25 %

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)
=	(3.747	+	0	+	7.452)	-	(23.087	+	7.618	+	0)
=	-19.506

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.108	+	0	+	20.899)	-	(23.119	+	5.442	+	0)
=	-6.554

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:

Hall Of Fame Resort & Entertainment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-46.4	/	237.446
	=	-19.54 %

Hall Of Fame Resort & Entertainment Co EBIT Related Terms

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Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hall Of Fame Resort & Entertainment Co (NAS:HOFV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2626 Fulton Drive NW, Canton, OH, USA, 44718

Website

https://www.hofreco.com

Hall Of Fame Resort & Entertainment Co operates as a holding company. The firm is a sports, entertainment, and media company. It generates revenues from various streams such as sponsorship agreements, rents, cost recoveries, events, hotel operation, Hall of Fantasy League, and through the sale of media assets.

Executives

Buiten John Van	officer: VP of Accounting/Controller	C/O JAY PHARMA INC., 4851 TAMIAMI TRAIL N, SUITE 200, NAPLES FL 34103
Jerome Bettis	director	2870 PEACHTREE RD NW, SUITE 509, ATLANTA GA 30305
Michael Anthony Crawford	director, officer: President and CEO	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Michael S Levy	officer: President of Operations	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Marcus Lemarr Allen	director	HALL OF FAME RESORT & ENTERTAINMENT CO, 2626 FULTON AVE NW, CANTON OH 44708
Teri Wagner Flynn	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Victor S. Gregovits	officer: EVP of Sales & Marketing	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Benjamin J Lee	officer: Chief Financial Officer	2626 FULTON DRIVE, NW, C/O HALL OF FAME RESORT & ENTERTAIN CO, CANTON OH 44718
Karl Holz	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Mary Owen	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
James J. Dolan	director	C/O TRISTATE CAPITAL HOLDINGS, INC., ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Stuart Lichter	director	631 PASEO DE LA PLAYA, REDONDO BEACH CA 90277
Anthony J. Buzzelli	director	C/O TRISTATE CAPITAL HOLDINGS, INC, ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Kimberly Schaefer	director	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Erica Muhleman	officer: EVP of New Bus. Dev./Marketing	2626 FULTON DRIVE NW, CANTON OH 44718