Emerald Holding (Emerald Holding) EBIT

: $40.4 Mil (TTM As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

Emerald Holding's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $23.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $40.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emerald Holding's annualized ROC % for the quarter that ended in Dec. 2023 was -15.15%. Emerald Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 821.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Emerald Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.69%.

Emerald Holding EBIT Historical Data

The historical data trend for Emerald Holding'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.

Emerald Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-24.70

-670.60

-65.10

182.50

40.40

Emerald Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																28.30	17.80	-1.10	0.50	23.20

Competitive Comparison

For the Advertising Agencies subindustry, Emerald Holding'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.

Emerald Holding EV-to-EBIT Distribution

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

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

Emerald Holding 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 $40.4 Mil.

Emerald Holding (NYSE:EEX) EBIT Explanation

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

Emerald Holding'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 )
=	90.8 * ( 1 - 257.02% )	/	( (946	+	935.6)	/ 2 )
=	-142.57416	/	940.8
=	-15.15 %

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	))
=	1081	-	38.2	-	( 200.3	-	max(0, 231.5	-	328.3	+	200.3	))
=	946

	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	))
=	1053.9	-	37.5	-	( 204.2	-	max(0, 230.1	-	310.9	+	204.2	))
=	935.6

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

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

Emerald Holding'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 )
=	92.8	/	( ( (12.3 + max(-95, 0))	+	(10.3 + max(-115.2, 0)) )	/	2 )
=	92.8	/	( ( 12.3	+	10.3 )	/	2 )
=	92.8	/	11.3
=	821.24 %

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)
=	(78.6	+	0	+	49.4)	-	(38.2	+	175.8	+	9)
=	-95

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(85.2	+	0	+	21.5)	-	(37.5	+	174.3	+	10.1)
=	-115.2

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:

Emerald Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	40.4	/	603.792
	=	6.69 %

Emerald Holding EBIT Related Terms

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

Emerald Holding (Emerald Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emerald Holding Inc (NYSE:EEX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EM7:Germany

Address

100 Broadway, 14th Floor, New York, NY, USA, 10005

Website

http://www.emeraldexpositions.com

Emerald Holding Inc is an operator of B2B trade shows in the United States by NSF. It operates trade shows, which serve a large and broad set of global exhibitors and attendees, across multiple attractive, fragmented sectors that represent significant portions of the U.S. economy. The company operates trade shows in several broadly-defined industry sectors namely, Gift, Home and General Merchandise, Sports Design and Construction, Technology, Jewelry, Other Trade Shows, Other Events, and Other Marketing Services amongst other. It operates in three segments: Commerce; Design, Creative, and Technology; and All others.

Executives

Danielle Puceta	officer: EVP, Content & Commerce	100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
Issa Jouaneh	officer: President, Connections	100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
Brian Field	officer: Chief Operating Officer	EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
David Saul Levin	director	EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
William Charles	officer: Chief Information Officer	EMERALD EXPOSITIONS EVENTS, INC., 31910 DEL OBISPO STREET, SUITE 200, SAN JUAN CAPISTRANO CA 92675
Stacey Sayetta	officer: General Counsel	EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
Mitchell Gendel	officer: General Counsel	EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
David B. Doft	officer: CFO & Treasurer	EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
Herve Sedky	officer: CEO & President	EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005
Lynda M Clarizio	director	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Onex Corp	10 percent owner	161 BAY STREET, P O BOX 700, TORONTO ONTARIO CANA A6
Onex Partners V Gp Ltd	10 percent owner	C/O ONEX CORPORATION, 161 BAY STREET, TORONTO A6 M51 2S1
Onex Partners Canadian Gp Inc.	10 percent owner	C/O ONEX CORPORATION, 161 BAY STREET, TORONTO A6 M51 2S1
Opv Gem Aggregator Lp	10 percent owner	C/O ONEX CORPORATION, 161 BAY STREET, TORONTO A6 M51 2S1
Onex Advisor Subco Iii Llc	10 percent owner	ONEX CORPORATION 712 FIFTH AVENUE, NEW YORK NY 10019