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CCC Intelligent Solutions Holdings (CCC Intelligent Solutions Holdings) EBIT : $-24.6 Mil (TTM As of Mar. 2024)


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What is CCC Intelligent Solutions Holdings EBIT?

CCC Intelligent Solutions Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $11.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-24.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CCC Intelligent Solutions Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 0.14%. CCC Intelligent Solutions Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CCC Intelligent Solutions Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.32%.


CCC Intelligent Solutions Holdings EBIT Historical Data

The historical data trend for CCC Intelligent Solutions 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.

CCC Intelligent Solutions Holdings EBIT Chart

CCC Intelligent Solutions Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-188.16 55.45 -215.93 88.85 -20.97

CCC Intelligent Solutions Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 15.23 -85.61 -4.75 54.16 11.62

Competitive Comparison of CCC Intelligent Solutions Holdings's EBIT

For the Software - Infrastructure subindustry, CCC Intelligent Solutions 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.


CCC Intelligent Solutions Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, CCC Intelligent Solutions Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CCC Intelligent Solutions Holdings's EV-to-EBIT falls into.



CCC Intelligent Solutions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.6 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.


CCC Intelligent Solutions Holdings  (NAS:CCCS) EBIT Explanation

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

CCC Intelligent Solutions Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=31.188 * ( 1 - 87.65% )/( (2821.142 + 2783.803)/ 2 )
=3.851718/2802.4725
=0.14 %

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))
=3051.04 - 34.326 - ( 195.572 - max(0, 152.907 - 349.999+195.572))
=2821.142

Invested Capital(Q: Mar. 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))
=3023.66 - 48.669 - ( 191.188 - max(0, 135.846 - 343.182+191.188))
=2783.803

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

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

CCC Intelligent Solutions Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=46.472/( ( (190.872 + max(14.51, 0)) + (195.311 + max(31.284, 0)) )/ 2 )
=46.472/( ( 205.382 + 226.595 )/ 2 )
=46.472/215.9885
=21.52 %

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)
=(102.365 + 0 + 50.264) - (34.326 + 43.567 + 60.226)
=14.51

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(102.007 + 0 + 49.987) - (48.669 + 45.254 + 26.787)
=31.284

When net working capital is negative, 0 is used.

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

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

CCC Intelligent Solutions Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-24.586/7720.493
=-0.32 %

* 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.


CCC Intelligent Solutions Holdings EBIT Related Terms

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CCC Intelligent Solutions Holdings (CCC Intelligent Solutions Holdings) Business Description

Traded in Other Exchanges
Address
167 North Green Street, 9th Floor, Chicago, IL, USA, 60607
CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.
Executives
Lauren Young director C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent International Corp/ma director, 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Eric Wei director C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Christopher Egan director 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Gp, Llc director, 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Rodney Christo officer: Chief Accounting Officer 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Brian Herb officer: See Remarks 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Eileen Schloss director C/O MEDIDATA SOLUTIONS, INC., 79 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10003
Marc Fredman officer: See Remarks 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Mary Jo Prigge officer: See Remarks
John Page Goodson officer: Chief Technology Officer 14 OAK PARK DRIVE, BEDFORD MA 01730
Michael John Silva officer: See Remarks 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
William Ingram director C/O LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Cypress Investor Holdings, Lp director, 10 percent owner PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Oh Cypress Aggregator, L.p. director ONE STAMFORD PLAZA, 262 TRESSER BOULEVARD, 15TH FLOOR, STAMFORD CT 06901