GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Andersons Inc (NAS:ANDE) » Definitions » EBIT

Andersons (Andersons) EBIT : $216 Mil (TTM As of Dec. 2023)


View and export this data going back to 1996. Start your Free Trial

What is Andersons EBIT?

Andersons's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $100 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $216 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Andersons's annualized ROC % for the quarter that ended in Dec. 2023 was 14.24%. Andersons's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 28.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Andersons's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.11%.


Andersons EBIT Historical Data

The historical data trend for Andersons'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.

Andersons EBIT Chart

Andersons Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.23 6.70 198.06 251.43 216.43

Andersons 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 45.19 -48.38 118.37 46.57 99.86

Competitive Comparison of Andersons's EBIT

For the Food Distribution subindustry, Andersons'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.


Andersons's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Andersons's EV-to-EBIT distribution charts can be found below:

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



Andersons 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 $216 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.


Andersons  (NAS:ANDE) EBIT Explanation

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

Andersons'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 )
=340.008 * ( 1 - 14.52% )/( (2158.464 + 1923.392)/ 2 )
=290.6388384/2040.928
=14.24 %

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))
=3588.102 - 1011.583 - ( 418.055 - max(0, 1407.634 - 2527.099+418.055))
=2158.464

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))
=3855.007 - 1287.761 - ( 643.854 - max(0, 1636.331 - 2806.963+643.854))
=1923.392

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

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

Andersons'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 )
=399.448/( ( (737.107 + max(743.083, 0)) + (747.599 + max(597.445, 0)) )/ 2 )
=399.448/( ( 1480.19 + 1345.044 )/ 2 )
=399.448/1412.617
=28.28 %

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)
=(816.686 + 985.292 + 307.066) - (1011.583 + 211.867 + 142.511)
=743.083

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(762.549 + 1166.7 + 233.86) - (1287.761 + 187.054 + 90.849)
=597.445

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=216.43/1948.650
=11.11 %

* 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.


Andersons EBIT Related Terms

Thank you for viewing the detailed overview of Andersons's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Andersons (Andersons) Business Description

Traded in Other Exchanges
Address
1947 Briarfield Boulevard, PO Box 119, Maumee, OH, USA, 43537
Andersons Inc is an agriculture company that conducts business in North America. Its operations are segmented into trade, ethanol, plant nutrient, and rail. The trade group operates grain elevators and generates income through buying and selling grains, fuel, and space leasing. The trade group contributes over half the company's revenue. The ethanol segment buys and sells corn oil and ethanol, offers facility operations, and invests in ethanol plants. The plant nutrient group manufactures, distributes, and sells fertilizer and plant nutrients. The company's rail segment leases, repairs, and sells railway facilities.
Executives
Patrick E. Bowe director, officer: President & CEO P O BOX 119, MAUMEE OH 43537
Michael J Anderson director C/O INTERSTATE BAKERIES CORP, 12 EAST ARMOUR BLVD, KANSAS CITY MO 64111
Brian K. Walz officer: VP-Treasurer P.O. BOX 119, MAUMEE OH 43537
William E. Krueger officer: President, ATG Comm. & Merch. P.O. BOX 119, MAUMEE OH 43537
Sarah Zibbel officer: EVP & Chief HR Officer P.O. BOX 119, MAUMEE OH 43537
Anne G Rex officer: VP, Strategy, Planning and Dev PO BOX 119, MAUMEE OH 43537
Steven K. Campbell director P.O. BOX 119, MAUMEE OH 43537
Gary A. Douglas director P.O. BOX 119, MAUMEE OH 43537
King Robert J Jr director FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Pamela S Hershberger director P.O. BOX 119, MAUMEE OH 43537
Patrick S. Mullin director 1500 KEY TOWER, 127 PUBLIC SQUARE, CLEVELAND OH 44114
Ross W Manire director 150 CARLTON AVENUE, GLEN ELLYN IL 20137
Gerard M Anderson director ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
Catherine M Kilbane director
Michael T. Hoelter officer: Corporate Controller P.O. BOX 119, MAUMEE OH 43537