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Churchill Capital II (Churchill Capital II) EBIT : $-299.53 Mil (TTM As of Jan. 2024)


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What is Churchill Capital II EBIT?

Churchill Capital II's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $-236.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $-299.53 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Churchill Capital II's annualized ROC % for the quarter that ended in Jan. 2024 was -5.32%. Churchill Capital II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -6,081.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.


Churchill Capital II EBIT Historical Data

The historical data trend for Churchill Capital II'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.

Churchill Capital II EBIT Chart

Churchill Capital II Annual Data
Trend Dec19 Jan20 Jan23 Jan24
EBIT
- -408.03 -777.55 -299.53

Churchill Capital II Quarterly Data
Apr19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jul21 Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
EBIT Get a 7-Day Free Trial 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 -47.13 -31.99 -17.63 -13.71 -236.20

Competitive Comparison of Churchill Capital II's EBIT

For the Education & Training Services subindustry, Churchill Capital II'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.


Churchill Capital II's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Churchill Capital II's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Churchill Capital II's EV-to-EBIT falls into.



Churchill Capital II 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-299.53 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.


Churchill Capital II  (NYSE:CCX.U) EBIT Explanation

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

Churchill Capital II's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=-72.876 * ( 1 - 2.98% )/( (1401.931 + 1257.08)/ 2 )
=-70.7042952/1329.5055
=-5.32 %

where

Invested Capital(Q: Oct. 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))
=1424.971 - 43.544 - ( 129.806 - max(0, 320.601 - 300.097+129.806))
=1401.931

Invested Capital(Q: Jan. 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))
=1273.634 - 44.451 - ( 136.308 - max(0, 413.228 - 385.331+136.308))
=1257.08

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

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

Churchill Capital II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-944.816/( ( (16.387 + max(-99.829, 0)) + (14.683 + max(-112.022, 0)) )/ 2 )
=-944.816/( ( 16.387 + 14.683 )/ 2 )
=-944.816/15.535
=-6,081.85 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110.833 + 0 + 59.458) - (43.544 + 203.588 + 22.988)
=-99.829

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(185.638 + 0 + 61.135) - (44.451 + 282.57 + 31.774)
=-112.022

When net working capital is negative, 0 is used.

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

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

Churchill Capital II's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=-299.533/0.000
= %

* 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.


Churchill Capital II EBIT Related Terms

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Churchill Capital II (Churchill Capital II) Business Description

Traded in Other Exchanges
Address
300 Innovative Way, Suite 201, Nashua, NH, USA, 03062
Skillsoft Corp is a leader in corporate digital learning. The company's segment includes Skillsoft content and Global Knowledge. The Skillsoft business engages in the sale, marketing, and delivery of its content learning solutions, in areas such as Leadership and Business, Technology and Developer and Compliance. Its Global Knowledge business offers training solutions covering information technology and business skills for corporations and their employees.
Executives
Matthew Glitzer officer: CHIEF REVENUE OFFICER 300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062
Jose Torres officer: Chief Accounting Officer 1300 W. 120TH AVENUE, WESTMINSTER CO 80234
Ciara Harrington officer: Interim Chief People Officer C/O SKILLSOFT CORP., 300 INNOVATION WAY, SUITE 201, NASHUA NH 03062-5746
Kristi Hummel officer: Chief People Officer 300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062
Zachary Sims officer: GM Tech & Dev, CEO Codecademy 575 BROADWAY, 5TH FLOOR, NEW YORK NY 10012
Gary W Ferrera officer: Chief Financial Officer 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Mih Learning B.v. director, 10 percent owner SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Naspers Ltd director, 10 percent owner NASPERS CENTRE PO BOX 2271, CAPETOWN 8000, SOUTH AFRICA T3 00000
N.v. Prosus director, 10 percent owner SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Ronald W Hovsepian director C/O ANNTAYLOR STORES CORP, 7 TIMES SQUARE, 15TH FLOOR, NEW YORK NY 10036
Helena Foulkes director ONE CVS DRIVE, WOONSOCKET RI 02895
Richard Walker officer: Chief Strategy & Corp Dev Ofc C/O SERVICESOURCE INTERNATIONAL, INC., 717 17TH STREET, 5TH FLOOR, DENVER CO 80202
Lawrence Charles Illg director SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Eric P Stine officer: Chief Revenue Officer 6363 S. FIDDLER'S GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111
Peter Schmitt director 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019