Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) EBIT : $325 Mil (TTM As of Dec. 2023)

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What is Clear Channel Outdoor Holdings EBIT?

Clear Channel Outdoor Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $127 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $325 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clear Channel Outdoor Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 14.63%. Clear Channel Outdoor Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 23.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clear Channel Outdoor Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.25%.

Clear Channel Outdoor Holdings EBIT Historical Data

The historical data trend for Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings EBIT Chart

Clear Channel Outdoor Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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130.00

-297.97

-45.61

232.90

247.11

Clear Channel Outdoor Holdings 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															125.44	75.17	66.91	56.07	127.00

Competitive Comparison of Clear Channel Outdoor Holdings's EBIT

For the Advertising Agencies subindustry, Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Clear Channel Outdoor Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Clear Channel Outdoor Holdings's EV-to-EBIT falls into.

Clear Channel Outdoor Holdings 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 $325 Mil.

Clear Channel Outdoor Holdings (NYSE:CCO) EBIT Explanation

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

Clear Channel Outdoor Holdings'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 )
=	497.28 * ( 1 - -25.73% )	/	( (4371.848	+	4175.346)	/ 2 )
=	625.230144	/	4273.597
=	14.63 %

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	))
=	4648.929	-	440.057	-	( 313.406	-	max(0, 1033.223	-	870.247	+	313.406	))
=	4371.848

	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	))
=	4722.475	-	473.456	-	( 251.652	-	max(0, 883.728	-	957.401	+	251.652	))
=	4175.346

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

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

Clear Channel Outdoor Holdings'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 )
=	508.004	/	( ( (2084.085 + max(-272.583, 0))	+	(2157.646 + max(39.211, 0)) )	/	2 )
=	508.004	/	( ( 2084.085	+	2196.857 )	/	2 )
=	508.004	/	2140.471
=	23.73 %

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)
=	(441.536	+	0	+	115.305)	-	(440.057	+	72.845	+	316.522)
=	-272.583

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(499.811	+	0	+	205.938)	-	(473.456	+	50.882	+	142.2)
=	39.211

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:

Clear Channel Outdoor Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	325.136	/	7648.552
	=	4.25 %

Clear Channel Outdoor Holdings EBIT Related Terms

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Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Clear Channel Outdoor Holdings Inc (NYSE:CCO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

C7C1:Germany

Address

4830 North Loop 1604 West, Suite 111, San Antonio, TX, USA, 78249

Website

https://www.clearchanneloutdoor.com

Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes America; Airports; Europe-North and Europe-South. The company generates maximum revenue from the America segment. The America segment serves markets throughout the U.S., with over 90% of its revenue generated from billboard displays.

Executives

Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii A (de) Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Justin Cochrane	officer: CEO, UK & Europe	4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Ares Voting Llc	10 percent owner	C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Assf Operating Manager Iv, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Acof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Holdings L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Ares Management Corp	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Asof Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT LLC, LOS ANGELES CA 90067
Assf Iv Aiv B Holdings Iii, L.p.	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067