Corus Entertainment (Corus Entertainment) EBIT : $-288 Mil (TTM As of Feb. 2024)

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What is Corus Entertainment EBIT?

Corus Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $-288 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corus Entertainment's annualized ROC % for the quarter that ended in Feb. 2024 was 2.84%. Corus Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 27.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corus Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -35.66%.

Corus Entertainment EBIT Historical Data

The historical data trend for Corus 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.

Corus Entertainment EBIT Chart

Corus Entertainment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

EBIT

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284.72

-335.77

293.88

-65.63

-288.06

Corus Entertainment Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
EBIT	Get a 7-Day Free Trial															11.40	-400.87	41.98	58.03	12.87

Competitive Comparison of Corus Entertainment's EBIT

For the Entertainment subindustry, Corus 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.

Corus Entertainment's EV-to-EBIT Distribution in the Media - Diversified Industry

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

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

Corus 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-288 Mil.

Corus Entertainment (OTCPK:CJREF) EBIT Explanation

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

Corus Entertainment's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	67.836 * ( 1 - 28.07% )	/	( (1732.583	+	1707.717)	/ 2 )
=	48.7944348	/	1720.15
=	2.84 %

where

	Invested Capital		(Q: Nov. 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	))
=	2029.081	-	447.352	-	( 43.287	-	max(0, 476.631	-	325.777	+	43.287	))
=	1732.583

	Invested Capital		(Q: Feb. 2024 )
=	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	))
=	1965.547	-	411.93	-	( 45.559	-	max(0, 434.922	-	280.822	+	45.559	))
=	1707.717

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

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

Corus Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	51.48	/	( ( (190.034 + max(-180.652, 0))	+	(191.05 + max(-195.94, 0)) )	/	2 )
=	51.48	/	( ( 190.034	+	191.05 )	/	2 )
=	51.48	/	190.542
=	27.02 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(260.576	+	0	+	17.055)	-	(447.352	+	0	+	10.931)
=	-180.652

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(209.346	+	0	+	16.635)	-	(411.93	+	0	+	9.991)
=	-195.94

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	-287.986	/	807.565
	=	-35.66 %

Corus Entertainment EBIT Related Terms

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Corus Entertainment (Corus Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corus Entertainment Inc (OTCPK:CJREF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

9CO:Germany CJR.B:Canada

Address

25 Dockside Drive, Corus Quay, Toronto, ON, CAN, M5A 0B5

Website

https://www.corusent.com

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to the music, news, and talk radio markets. Television segment is the key revenue driver for the group. The company generates the vast majority of its revenue in Canada.