Churchill Capital V (Churchill Capital V) EBIT : $9.56 Mil (TTM As of Jun. 2023)

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What is Churchill Capital V EBIT?

Churchill Capital V's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $1.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $9.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Churchill Capital V's annualized ROC % for the quarter that ended in Jun. 2023 was -1.09%. Churchill Capital V's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Churchill Capital V's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.34%.

Churchill Capital V EBIT Historical Data

The historical data trend for Churchill Capital V'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 V EBIT Chart

Churchill Capital V Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

2.19

25.52

Churchill Capital V Quarterly Data
	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial								6.59	7.57	3.16	-2.61	1.45

Competitive Comparison of Churchill Capital V's EBIT

For the Shell Companies subindustry, Churchill Capital V'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 V's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Churchill Capital V's EV-to-EBIT distribution charts can be found below:

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

Churchill Capital V 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.56 Mil.

Churchill Capital V (NYSE:CCV) EBIT Explanation

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

Churchill Capital V's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-2.412 * ( 1 - 32.04% )	/	( (149.935	+	151.843)	/ 2 )
=	-1.6391952	/	150.889
=	-1.09 %

where

	Invested Capital		(Q: Mar. 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	))
=	152.053	-	6.467	-	( 1.675	-	max(0, 6.467	-	2.118	+	1.675	))
=	149.935

	Invested Capital		(Q: Jun. 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	))
=	152.179	-	5.061	-	( 0.041	-	max(0, 5.061	-	0.336	+	0.041	))
=	151.843

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

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

Churchill Capital V's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.78	/	( ( (0 + max(-6.024, 0))	+	(0 + max(-4.766, 0)) )	/	2 )
=	5.78	/	( ( 0	+	0 )	/	2 )
=	5.78	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.443)	-	(6.467	+	0	+	0)
=	-6.024

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.295)	-	(5.061	+	0	+	0)
=	-4.766

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	9.563	/	285.996
	=	3.34 %

Churchill Capital V EBIT Related Terms

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Churchill Capital V (Churchill Capital V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Churchill Capital Corp V (NYSE:CCV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

640 Fifth Avenue, 12th Floor, New York, NY, USA, 10019

Website

https://v.churchillcapitalcorp.com

Churchill Capital Corp V is a blank check company.

Executives

Magnetar Financial Llc	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Magnetar Capital Partners Lp	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Supernova Management Llc	10 percent owner	1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
David J. Snyderman	10 percent owner	C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Alan Schrager	director	C/O OHA INVESTMENT CORPORATION, 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Michael Stuart Klein	director, 10 percent owner, officer: See Remarks	C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mark D Klein	director	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Karen G Mills	director	C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Glenn R August	director	C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Dena J. Brumpton	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
M. Klein Associates, Inc.	10 percent owner	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Lee Jay Taragin	officer: Chief Financial Officer	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
William J. Bynum	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Churchill Sponsor V Llc	10 percent owner	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019

Churchill Capital V (Churchill Capital V) Headlines

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