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CVC Capital Partners (XAMS:CVC) Operating Income : €974 Mil (TTM As of Dec. 2024)


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What is CVC Capital Partners Operating Income?

CVC Capital Partners's Operating Income for the six months ended in Dec. 2024 was €658 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was €974 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CVC Capital Partners's Operating Income for the six months ended in Dec. 2024 was €658 Mil. CVC Capital Partners's Revenue for the six months ended in Dec. 2024 was €926 Mil. Therefore, CVC Capital Partners's Operating Margin % for the quarter that ended in Dec. 2024 was 71.06%.

CVC Capital Partners's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT 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 Dec. 2024 was 31.97%. CVC Capital Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 343.88%.


CVC Capital Partners Operating Income Historical Data

The historical data trend for CVC Capital Partners's Operating Income 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 Operating Income Chart

CVC Capital Partners Annual Data
Trend Dec23 Dec24
Operating Income
467.83 973.54

CVC Capital Partners Semi-Annual Data
Jun23 Dec23 Jun24 Dec24
Operating Income 220.78 247.06 315.40 658.14

CVC Capital Partners Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €974 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.


CVC Capital Partners  (XAMS:CVC) Operating Income Explanation

1. Operating Income or EBIT 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 Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1316.286 * ( 1 - -2.56% )/( (3620.575 + 4823.85)/ 2 )
=1349.9829216/4222.2125
=31.97 %

where

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

Invested Capital(Q: Dec. 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))
=5266.754 - 65.207 - ( 618.289 - max(0, 443.949 - 821.646+618.289))
=4823.85

Note: The Operating Income data used here is two times the semi-annual (Dec. 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 Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=500.12/( ( (112.212 + max(-494.226, 0)) + (178.661 + max(-303.241, 0)) )/ 2 )
=500.12/( ( 112.212 + 178.661 )/ 2 )
=500.12/145.4365
=343.88 %

where Working Capital is:

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

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.304 + 0 + 0) - (65.207 + 0 + 280.338)
=-303.241

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

CVC Capital Partners's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=658.143/926.194
=71.06 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


CVC Capital Partners Operating Income Related Terms

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CVC Capital Partners Business Description

Traded in Other Exchanges
Address
Level 1, IFC 1, Esplanade, St Helier, JEY, JE2 3BX
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.

CVC Capital Partners Headlines

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