CVC Capital Partners (WBO:CVC) EBIT : € Mil (TTM As of Jun. 2024)

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What is CVC Capital Partners EBIT?

CVC Capital Partners's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €109 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CVC Capital Partners's annualized ROC % for the quarter that ended in Jun. 2024 was 17.63%. CVC Capital Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 185.98%.

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

CVC Capital Partners EBIT Historical Data

The historical data trend for CVC Capital Partners'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.

CVC Capital Partners EBIT Chart

CVC Capital Partners Annual Data

Trend

Dec23

EBIT

552.77

CVC Capital Partners Semi-Annual Data
	Jun23	Dec23	Jun24
EBIT	170.02	382.75	108.58

Competitive Comparison of CVC Capital Partners's EBIT

For the Asset Management subindustry, CVC Capital Partners'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.

CVC Capital Partners's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CVC Capital Partners's EV-to-EBIT distribution charts can be found below:

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

CVC Capital Partners 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was € Mil.

CVC Capital Partners (WBO:CVC) EBIT Explanation

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

CVC Capital Partners's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	630.798 * ( 1 - 7.03% )	/	( (3032.871	+	3620.575)	/ 2 )
=	586.4529006	/	3326.723
=	17.63 %

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	))
=	3789.012	-	296.909	-	( 629.373	-	max(0, 356.732	-	815.964	+	629.373	))
=	3032.871

	Invested Capital		(Q: Jun. 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	))
=	4108.582	-	247.75	-	( 817.017	-	max(0, 768.982	-	1009.239	+	817.017	))
=	3620.575

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

CVC Capital Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	217.158	/	( ( (121.315 + max(-110.318, 0))	+	(112.212 + max(-494.226, 0)) )	/	2 )
=	217.158	/	( ( 121.315	+	112.212 )	/	2 )
=	217.158	/	116.7635
=	185.98 %

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)
=	(186.591	+	0	+	0)	-	(296.909	+	0	+	5.6843418860808E-14)
=	-110.318

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(192.222	+	0	+	0)	-	(247.75	+	0	+	438.698)
=	-494.226

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=		/	22008.292
	=	%

CVC Capital Partners EBIT Related Terms

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CVC Capital Partners Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CVCCF:USA CVC:Netherlands CVCa:UK Z1W:Germany

Address

Level 1, IFC 1, Esplanade, St Helier, JEY, JE2 3BX

Website

https://www.cvc.com

Citibank established CVC Capital Partners in 1981 as its European venture capital business. Spun out as a wholly independent entity in 1993, CVC, in due course, transformed into a manager of private equity, private credit, real estate, and infrastructure funds. CVC invests most of its funds in Europe and the United States, with a smaller exposure to Asia.