Good Gamer Entertainment (TSXV:GOOD) EBIT : C$-0.81 Mil (TTM As of Dec. 2023)

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What is Good Gamer Entertainment EBIT?

Good Gamer Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-0.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Good Gamer Entertainment's annualized ROC % for the quarter that ended in Dec. 2023 was -868.22%. Good Gamer Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Good Gamer Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -20.28%.

Good Gamer Entertainment EBIT Historical Data

The historical data trend for Good Gamer Entertainment'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.

Good Gamer Entertainment EBIT Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

EBIT

-2.25

-17.54

-1.83

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial					-0.42	-0.37	-0.52	-0.15	-0.14

Competitive Comparison of Good Gamer Entertainment's EBIT

For the Electronic Gaming & Multimedia subindustry, Good Gamer Entertainment'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.

Good Gamer Entertainment's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Good Gamer Entertainment's EV-to-EBIT distribution charts can be found below:

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

Good Gamer Entertainment 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 C$-0.81 Mil.

Good Gamer Entertainment (TSXV:GOOD) EBIT Explanation

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

Good Gamer Entertainment'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 )
=	-0.56 * ( 1 - 0% )	/	( (0.044	+	0.085)	/ 2 )
=	-0.56	/	0.0645
=	-868.22 %

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	))
=	0.292	-	0.533	-	( 0.239	-	max(0, 0.577	-	0.292	+	0.239	))
=	0.044

	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	))
=	0.298	-	0.607	-	( 0.185	-	max(0, 0.692	-	0.298	+	0.185	))
=	0.085

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

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

Good Gamer Entertainment'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 )
=	-0.568	/	( ( (0 + max(-0.494, 0))	+	(0 + max(-0.507, 0)) )	/	2 )
=	-0.568	/	( ( 0	+	0 )	/	2 )
=	-0.568	/	0
=	%

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)
=	(0.033	+	0	+	0.02)	-	(0.533	+	0	+	0.014)
=	-0.494

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.075	+	0	+	0.038)	-	(0.607	+	0	+	0.013)
=	-0.507

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:

Good Gamer Entertainment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.809	/	3.990
	=	-20.28 %

Good Gamer Entertainment EBIT Related Terms

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Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GGAMF:USA

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.