The Lottery (The Lottery) EBIT : $354 Mil (TTM As of Dec. 2023)

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What is The Lottery EBIT?

The Lottery's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $222 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $354 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Lottery's annualized ROC % for the quarter that ended in Dec. 2023 was 15.63%. The Lottery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 451.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Lottery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.02%.

The Lottery EBIT Historical Data

The historical data trend for The Lottery'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.

The Lottery EBIT Chart

The Lottery Annual Data

Trend

Jun22

Jun23

EBIT

378.29

341.54

The Lottery Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-	210.73	131.95	221.82

Competitive Comparison of The Lottery's EBIT

For the Gambling subindustry, The Lottery'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.

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

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

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

The Lottery 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 semi-annually data reported by the company within the most recent 12 months, which was $354 Mil.

The Lottery (OTCPK:LTRCF) EBIT Explanation

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

The Lottery'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	463.32 * ( 1 - 17.84% )	/	( (2428.86	+	2443.174)	/ 2 )
=	380.663712	/	2436.017
=	15.63 %

where

	Invested Capital		(Q: Jun. 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	))
=	2933.49	-	593.221	-	( 497.248	-	max(0, 710.336	-	621.745	+	497.248	))
=	2428.86

	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	))
=	3119.88	-	684.672	-	( 611.58	-	max(0, 789.224	-	781.258	+	611.58	))
=	2443.174

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

The Lottery'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	443.642	/	( ( (98.658 + max(-603.826, 0))	+	(98.059 + max(-611.581, 0)) )	/	2 )
=	443.642	/	( ( 98.658	+	98.059 )	/	2 )
=	443.642	/	98.3585
=	451.05 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.087	+	0	+	96.443)	-	(593.221	+	24.295	+	85.84)
=	-603.826

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(77.644	+	0	+	92.034)	-	(684.672	+	17.537	+	79.05)
=	-611.581

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	353.767	/	8800.427
	=	4.02 %

The Lottery EBIT Related Terms

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The Lottery (The Lottery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Lottery Corp Ltd (OTCPK:LTRCF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TLC:Australia

Address

180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000

Website

https://www.thelotterycorporation.com

The Lottery Corp is Australia's largest provider of lottery, Keno and instant scratch products, with long-dated and/or exclusive licences for lottery in all Australian states and territories except Western Australia, and in most states and territories for Keno. The Lottery Corp has a distribution network of over 3,800 franchised retailers selling instant scratch and lottery products through vendors such as newsagents, service stations, pharmacies, and convenience stores, in addition to online sales. Keno is sold in over 3,400 pubs and clubs.

The Lottery (The Lottery) Headlines

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