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Vail Resorts (Vail Resorts) EBIT : $504 Mil (TTM As of Jan. 2024)


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What is Vail Resorts EBIT?

Vail Resorts's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $356 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $504 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vail Resorts's annualized ROC % for the quarter that ended in Jan. 2024 was 18.15%. Vail Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 56.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vail Resorts's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 5.19%.


Vail Resorts EBIT Historical Data

The historical data trend for Vail Resorts'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.

Vail Resorts EBIT Chart

Vail Resorts Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 478.46 223.15 276.58 605.34 526.54

Vail Resorts Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 335.92 506.59 -151.31 -207.48 356.18

Competitive Comparison of Vail Resorts's EBIT

For the Resorts & Casinos subindustry, Vail Resorts'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.


Vail Resorts's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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



Vail Resorts 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $504 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.


Vail Resorts  (NYSE:MTN) EBIT Explanation

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

Vail Resorts's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=1418.84 * ( 1 - 27.57% )/( (5733.501 + 5592.542)/ 2 )
=1027.665812/5663.0215
=18.15 %

where

Invested Capital(Q: Oct. 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))
=5760.016 - 254.857 - ( 728.859 - max(0, 1362.847 - 1134.505+728.859))
=5733.501

Invested Capital(Q: Jan. 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))
=5847.664 - 305.092 - ( 812.163 - max(0, 1228.774 - 1178.804+812.163))
=5592.542

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

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

Vail Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1424.704/( ( (2531.729 + max(-849.21, 0)) + (2539.262 + max(-754.233, 0)) )/ 2 )
=1424.704/( ( 2531.729 + 2539.262 )/ 2 )
=1424.704/2535.4955
=56.19 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(105.546 + 157.707 + 142.393) - (254.857 + 872.418 + 127.581)
=-849.21

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(138.269 + 134.839 + 93.533) - (305.092 + 660.281 + 155.501)
=-754.233

When net working capital is negative, 0 is used.

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

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

Vail Resorts's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=503.981/9716.870
=5.19 %

* 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.


Vail Resorts EBIT Related Terms

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Vail Resorts (Vail Resorts) Business Description

Traded in Other Exchanges
Address
390 Interlocken Crescent, Broomfield, CO, USA, 80021
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
Executives
Hilary Schneider director C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281
William Rock officer: President, Mountain Division C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Angela A Korch officer: EVP & Chief Financial Officer C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Michael Z Barkin officer: EVP & Chief Financial Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
John F Sorte director VAIL RESORTS INC, PO BOX 7, VAIL CO 89658
Robert A Katz director, officer: Chief Exec.Officer & Chairman C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan Bennett officer: SVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Nathan Mark Gronberg officer: VP, Controller & CAO 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Peter A Vaughn director 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
James C. O'donnell officer: EVP, Hospitality, Retail & RE 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
David T Shapiro officer: EVP, General Counsel & Sec. 601 HAWAII ST., EL SEGUNDO CA 90245
Kirsten A. Lynch officer: EVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Gregory Jon Sullivan officer: SVP, Retail & Hospitality 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Patricia A Campbell officer: President-Mountain Division 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan H Siurek officer: VP, Controller & CAO 6200 SPRINT PARKWAY, OVERLAND PARK KS 66251