MGT Capital Investments (MGT Capital Investments) EBIT : $-4.77 Mil (TTM As of Dec. 2023)

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What is MGT Capital Investments EBIT?

MGT Capital Investments's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-4.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MGT Capital Investments's annualized ROC % for the quarter that ended in Dec. 2023 was -19.34%. MGT Capital Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2,073.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MGT Capital Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -239.13%.

MGT Capital Investments EBIT Historical Data

The historical data trend for MGT Capital Investments'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.

MGT Capital Investments EBIT Chart

MGT Capital Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-3.18

-2.66

-0.67

-0.55

-4.77

MGT Capital Investments Quarterly Data
	Mar19	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															12.01	-3.65	2.66	1.10	-4.88

Competitive Comparison of MGT Capital Investments's EBIT

For the Capital Markets subindustry, MGT Capital Investments'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.

MGT Capital Investments's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MGT Capital Investments's EV-to-EBIT distribution charts can be found below:

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

MGT Capital Investments 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 $-4.77 Mil.

MGT Capital Investments (OTCPK:MGTI) EBIT Explanation

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

MGT Capital Investments'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 )
=	-1.456 * ( 1 - 0% )	/	( (5.043	+	10.014)	/ 2 )
=	-1.456	/	7.5285
=	-19.34 %

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	))
=	1.284	-	0.543	-	( 0.024	-	max(0, 4.611	-	0.309	+	0.024	))
=	5.043

	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	))
=	0.932	-	0.663	-	( 0.008	-	max(0, 9.77	-	0.025	+	0.008	))
=	10.014

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

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

MGT Capital Investments'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 )
=	-19.508	/	( ( (0.975 + max(-3.436, 0))	+	(0.907 + max(-8.288, 0)) )	/	2 )
=	-19.508	/	( ( 0.975	+	0.907 )	/	2 )
=	-19.508	/	0.941
=	-2,073.11 %

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)
=	(0.028	+	0	+	0.257)	-	(0.543	+	0	+	3.178)
=	-3.436

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.017	+	0	+	0)	-	(0.663	+	0	+	7.642)
=	-8.288

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:

MGT Capital Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.773	/	1.996
	=	-239.13 %

MGT Capital Investments EBIT Related Terms

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MGT Capital Investments (MGT Capital Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MGT Capital Investments Inc (OTCPK:MGTI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Fayetteville Street, Suite 1110, Raleigh, NC, USA, 27601

Website

https://www.mgtci.com

MGT Capital Investments Inc is a U.S. based Bitcoin miner company that conducts cryptocurrency activities at a company-owned and managed Bitcoin mining facility in LaFayette, Georgia. Located adjacent to a utility substation, the several-acre property has access to about 20 megawatts (MW) of electrical power, half of which is presently utilized by the Company. Business activities are comprised of self-mining operations and leasing space to third parties.

Executives

Stephen Schaeffer	officer: Chief Operating Officer	512 S. MANGUM STREET, SUITE 408, DURHAM NC 27701
Robert Ladd	director, 10 percent owner	C/O LADDCAP VALUE ADVISORS LLC, 650 FIFTH AVENUE, SUITE 600, NEW YORK NY 10019
Robert S Lowrey	officer: CFO, Treasurer, Secretary	512 S MAGNUM STREET, STE 408, DURHAM NC 27701
Nolan K Bushnell	director	5443 BEETHOVEN ST, LOS ANGELES CA 90066
Hugh Robert Holmes	director	500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Iroquois Master Fund Ltd.	10 percent owner	641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Joshua Silverman	10 percent owner	IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Iroquois Capital Management, Llc	10 percent owner	641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK, NY 10022
Michael Onghai	director	122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
J&s Gaming, Inc.	10 percent owner	12 MAY HILL LANE, DIX HILLS NY 11746
Laddcap Value Partners Iii Llc	other: Managing Member	335 MADISON AVENUE, SUITE 1100, NEW YORK NY 10017
Robert Paul Traversa	officer: Chief Financial Officer	C/O MGT CAPITAL INVESTMENTS, INC., 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Neal Wyman	director	KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Peter Venton	director	KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Richard Wolfe Cohen	director	ONE NORTH BROADWAY, SUITE 509, WHITE PLAINS NY 10601