Vivendi SE (Vivendi SE) EBIT

: $856 Mil (TTM As of Dec. 2023)

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Vivendi SE's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $412 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $856 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vivendi SE's annualized ROC % for the quarter that ended in Dec. 2023 was 2.00%. Vivendi SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vivendi SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.80%.

Vivendi SE EBIT Historical Data

The historical data trend for Vivendi SE'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.

Vivendi SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

1,766.67

588.81

-340.11

-508.48

859.32

Vivendi SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT																-694.92	725.16	-1,235.17	444.20	412.21

Competitive Comparison

For the Entertainment subindustry, Vivendi SE'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.

Vivendi SE EV-to-EBIT Distribution

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

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

Vivendi SE 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 $856 Mil.

Vivendi SE (OTCPK:VIVHY) EBIT Explanation

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

Vivendi SE'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 )
=	732.824 * ( 1 - 18.39% )	/	( (24892.74	+	34908.396)	/ 2 )
=	598.0576664	/	29900.568
=	2.00 %

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	))
=	32803.9	-	7318.527	-	( 2072.589	-	max(0, 8632.719	-	9225.352	+	2072.589	))
=	24892.74

	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	))
=	41713.195	-	10608.506	-	( 2393.675	-	max(0, 16034.896	-	12231.189	+	2393.675	))
=	34908.396

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:

Vivendi SE'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 )
=	824.428	/	( ( (1665.222 + max(-640.303, 0))	+	(5018.539 + max(-1410.032, 0)) )	/	2 )
=	824.428	/	( ( 1665.222	+	5018.539 )	/	2 )
=	824.428	/	3341.8805
=	24.67 %

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)
=	(5399.783	+	232.936	+	1520.044)	-	(7318.527	+	0	+	474.539)
=	-640.303

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6765.54	+	1121.047	+	1950.927)	-	(10608.506	+	0	+	639.04)
=	-1410.032

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:

Vivendi SE's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	856.418	/	17838.594
	=	4.80 %

Vivendi SE EBIT Related Terms

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Vivendi SE (Vivendi SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Vivendi SE (OTCPK:VIVHY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

VIVEF:USA VIV:Italy VIVp:UK 0IIF:UK VIV:France VVU:Germany VVU:Germany VVU:Germany VVU:Germany VIV:Austria

Address

42, Avenue de Friedland, Cedex 08, Paris, FRA, 75380

Website

https://www.vivendi.com

Vivendi's transformation into a pure-play media firm was completed in 2014, but recent acquisitions and the spinout of Universal Music Group have again changed the firm. The company now operates multiple divisions with one very large core segment: Canal+, a leading producer and distributor of film and TV content in France, produces over 60% of revenue. It also owns Havas, the world's sixth-largest ad agency holding company; Gameloft, a mobile game publisher; and minority stakes in multiple companies in Europe.