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Victory Capital Holdings (Victory Capital Holdings) EBIT : $352.7 Mil (TTM As of Dec. 2023)


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What is Victory Capital Holdings EBIT?

Victory Capital Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $93.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $352.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Victory Capital Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 11.58%. Victory Capital Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,840.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Victory Capital Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.61%.


Victory Capital Holdings EBIT Historical Data

The historical data trend for Victory Capital Holdings'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.

Victory Capital Holdings EBIT Chart

Victory Capital Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 159.09 312.56 372.96 396.94 352.67

Victory Capital Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 82.20 79.57 93.42 85.85 93.83

Competitive Comparison of Victory Capital Holdings's EBIT

For the Asset Management subindustry, Victory Capital Holdings'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.


Victory Capital Holdings's EV-to-EBIT Distribution in the Asset Management Industry

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

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



Victory Capital Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $352.7 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.


Victory Capital Holdings  (NAS:VCTR) EBIT Explanation

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

Victory Capital Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=362.884 * ( 1 - 24.91% )/( (2382.186 + 2325.714)/ 2 )
=272.4895956/2353.95
=11.58 %

where

Invested Capital(Q: Sep. 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))
=2591.805 - 309.188 - ( 107.987 - max(0, 309.188 - 209.619+107.987))
=2382.186

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))
=2542.616 - 273.677 - ( 123.547 - max(0, 273.677 - 216.902+123.547))
=2325.714

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

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

Victory Capital Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=375.308/( ( (21.203 + max(-216.664, 0)) + (19.578 + max(-181.766, 0)) )/ 2 )
=375.308/( ( 21.203 + 19.578 )/ 2 )
=375.308/20.3905
=1,840.60 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(86.066 + 0 + 6.458) - (309.188 + 0 + 0)
=-216.664

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(86.126 + 0 + 5.785) - (273.677 + 0 + 0)
=-181.766

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=352.672/4095.892
=8.61 %

* 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.


Victory Capital Holdings EBIT Related Terms

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Victory Capital Holdings (Victory Capital Holdings) Business Description

Traded in Other Exchanges
Address
15935 La Cantera Parkway, San Antonio, TX, USA, 78256
Victory Capital Holdings Inc is an independent investment management firm. The company operates its business through franchises and solutions platform. It provides centralized distribution, marketing, and operations infrastructure to the company's franchises and solutions platform. The company operates through one business segment that is Investment management services and products to institutional, intermediary, retirement platforms, and individual investors. The franchises and solutions platform manages a variety of investment strategies for its customers. It derives revenues from asset-based fees from investment management products and services to individuals and institutions.
Executives
David Craig Brown officer: Chairman and CEO 4900 TIEDEMAN ROAD, BROOKLYN OH 44144
Kelly Stevenson Cliff officer: See Remarks 4900 TIEDMAN ROAD, BROOKLYN OH 44144
Mary M. Jackson director 7799 LEESBURG PIKE, SUITE 300 NORTH, FALLS CHURCH VA 22043
James B Hawkes director 255 STATE STREET, BOSTON MA 02109
Delaney Robert V. Jr. director 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065
Crestview Partners Ii Gp, L.p. director, 10 percent owner 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Milton R. Berlinski director, 10 percent owner C/O REVERENCE, 477 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Richard M Demartini director BANK OF AMERICA CORP, 9 WEST 57TH STREET NY1-301-48-02, NEW YORK NY 10019
Michael Dennis Policarpo officer: See Remarks 4900 TIEDMAN ROAD, BROOKLYN OH 44144
Nina Gupta officer: See Remarks 4900 TIEDEMAN ROAD, BROOKLYN OH 44144
Alan Rappaport director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Lawrence Davanzo director 1299 OCEAN AVENUE, SUITE 700, SANTA MONICA CA 90401
Terence Francis Sullivan officer: CFO and Head of Strategy 4900 TIEDMAN ROAD, BROOKLYN OH 44144
Rcp Lake Co-invest, L.p. director, 10 percent owner C/O REVERENCE CAPITAL PARTNERS LLC, 399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Hurst Robert J/ny director C/O GOLDMAN SACHS GROUP INC, 85 BROAD STREET, NEW YORK NY 10004

Victory Capital Holdings (Victory Capital Holdings) Headlines