GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cboe Global Markets Inc (BATS:CBOE) » Definitions » EBIT

Cboe Global Markets (Cboe Global Markets) EBIT

: $1,110 Mil (TTM As of Dec. 2023)
View and export this data going back to 2010. Start your Free Trial

Cboe Global Markets's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $301 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,110 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cboe Global Markets's annualized ROC % for the quarter that ended in Dec. 2023 was 12.74%. Cboe Global Markets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 493.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cboe Global Markets's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.62%.


Cboe Global Markets EBIT Historical Data

The historical data trend for Cboe Global Markets'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.

Cboe Global Markets Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 539.20 699.10 804.10 492.90 1,110.00

Cboe Global Markets Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 252.90 265.30 258.50 285.50 300.70

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets'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.


Cboe Global Markets EV-to-EBIT Distribution

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

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



Cboe Global Markets 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 $1,110 Mil.

* 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.


Cboe Global Markets  (BATS:CBOE) EBIT Explanation

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

Cboe Global Markets'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 )
=1174 * ( 1 - 26.26% )/( (7066.5 + 6523.9)/ 2 )
=865.7076/6795.2
=12.74 %

where

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

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

Cboe Global Markets'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 )
=1202.8/( ( (217.5 + max(23.7, 0)) + (245.8 + max(-58.5, 0)) )/ 2 )
=1202.8/( ( 241.2 + 245.8 )/ 2 )
=1202.8/243.5
=493.96 %

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)
=(359.1 + 0 + 1421.3) - (237.6 + 9.1 + 1510)
=23.7

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(337.3 + 0 + 966.8) - (367.7 + 5.9 + 989)
=-58.5

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:

Cboe Global Markets's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1110/19739.414
=5.62 %

* 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.


Cboe Global Markets EBIT Related Terms

Thank you for viewing the detailed overview of Cboe Global Markets's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Cboe Global Markets (Cboe Global Markets) Business Description

Traded in Other Exchanges
Address
433 West Van Buren Street, Chicago, IL, USA, 60607
Cboe Global Markets, Inc is a provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The Company is committed to operating a trusted, inclusive global marketplace, and to providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe, and Asia Pacific.
Executives
Christopher A Isaacson officer: EVP, CIO 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Catherine R Clay officer: EVP, Data and Access Solutions 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Stephanie Foley officer: EVP, CHRO 433 W. VAN BUREN ST., CHICAGO IL 60607
Adam Inzirillo officer: EVP, DATA AND ACCESS SOLUTIONS 433 W. VAN BUREN ST., CHICAGO IL 60607
Dave Howson officer: President, Europe 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Jill R Goodman director 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Edward T Tilly officer: Executive Vice Chairman 433 W. VAN BUREN STREET, CHICAGO IL 60607
John P Sexton officer: EVP, GC and Corp Sec 433 W. VAN BUREN STREET, CHICAGO IL 60607
Joseph P Ratterman director C/O LABONE, INC., 10101 RENNER BOULEVARD, LENEXA KS 66219
Brian N Schell officer: Executive VP, CFO & Treasurer 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Jill Griebenow officer: SVP, CAO 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Ivan K Fong director 3M CENTER, ST. PAUL MN 55144-1000
Janet P Froetscher director CBOE GLOBAL MARKETS, 433 W. VAN BUREN ST., CHICAGO IL 60607
Michael L Richter director 8050 MARSHALL DRIVE, SUITE 120, LENEXA KS 66214
Eric S Crampton officer: Executive VP, CTO 400 SOUTH LASALLE STREET, CHICAGO IL 60605