Cedar Fair LP (FRA:7CF) EBIT : €290 Mil (TTM As of Mar. 2024)

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What is Cedar Fair LP EBIT?

Cedar Fair LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €-121 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €290 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cedar Fair LP's annualized ROC % for the quarter that ended in Mar. 2024 was -17.43%. Cedar Fair LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -30.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cedar Fair LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.27%.

Cedar Fair LP EBIT Historical Data

The historical data trend for Cedar Fair LP'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.

Cedar Fair LP EBIT Chart

Cedar Fair LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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283.97

-474.70

137.66

494.28

288.28

Cedar Fair LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-118.16	96.54	283.25	31.17	-120.69

Competitive Comparison of Cedar Fair LP's EBIT

For the Leisure subindustry, Cedar Fair LP'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.

Cedar Fair LP's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cedar Fair LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cedar Fair LP's EV-to-EBIT falls into.

Cedar Fair LP 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €290 Mil.

Cedar Fair LP (FRA:7CF) EBIT Explanation

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

Cedar Fair LP's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-455.104 * ( 1 - 19.54% )	/	( (2059.735	+	2140.987)	/ 2 )
=	-366.1766784	/	2100.361
=	-17.43 %

where

	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	))
=	2054.569	-	172.628	-	( 60.052	-	max(0, 369.3	-	191.506	+	60.052	))
=	2059.735

	Invested Capital		(Q: Mar. 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	))
=	2083.124	-	157.49	-	( 32.318	-	max(0, 390.325	-	174.972	+	32.318	))
=	2140.987

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

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

Cedar Fair LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-482.768	/	( ( (1574.036 + max(-237.846, 0))	+	(1619.976 + max(-247.671, 0)) )	/	2 )
=	-482.768	/	( ( 1574.036	+	1619.976 )	/	2 )
=	-482.768	/	1597.006
=	-30.23 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(72.913	+	40.437	+	18.104)	-	(172.628	+	168.443	+	28.229)
=	-237.846

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(56.608	+	51.405	+	34.641)	-	(157.49	+	207.637	+	25.198)
=	-247.671

When net working capital is negative, 0 is used.

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

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

Cedar Fair LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	290.267	/	3508.468
	=	8.27 %

Cedar Fair LP EBIT Related Terms

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Cedar Fair LP (FRA:7CF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cedar Fair LP (FRA:7CF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FUN:USA

Address

One Cedar Point Drive, Sandusky, OH, USA, 44870-5259

Website

https://ir.cedarfair.com

Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate a few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.

Cedar Fair LP (FRA:7CF) Headlines

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