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Atmos Energy (Atmos Energy) EBIT : $1,212 Mil (TTM As of Dec. 2023)


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What is Atmos Energy EBIT?

Atmos Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $417 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,212 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atmos Energy's annualized ROC % for the quarter that ended in Dec. 2023 was 6.01%. Atmos Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Atmos Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.83%.


Atmos Energy EBIT Historical Data

The historical data trend for Atmos Energy'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.

Atmos Energy EBIT Chart

Atmos Energy Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 753.46 831.27 902.85 954.72 1,136.92

Atmos Energy 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 342.38 440.04 185.42 169.08 416.99

Competitive Comparison of Atmos Energy's EBIT

For the Utilities - Regulated Gas subindustry, Atmos Energy'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.


Atmos Energy's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atmos Energy's EV-to-EBIT distribution charts can be found below:

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



Atmos Energy 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 $1,212 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.


Atmos Energy  (NYSE:ATO) EBIT Explanation

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

Atmos Energy'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 )
=1596.42 * ( 1 - 14.74% )/( (22323.26 + 22989.234)/ 2 )
=1361.107692/22656.247
=6.01 %

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))
=22516.968 - 660.532 - ( 15.404 - max(0, 1352.592 - 885.768+15.404))
=22323.26

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))
=23684.243 - 416.694 - ( 278.315 - max(0, 1170.481 - 1679.717+278.315))
=22989.234

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

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

Atmos Energy'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 )
=1667.964/( ( (19829.949 + max(-336.581, 0)) + (20319.481 + max(242.404, 0)) )/ 2 )
=1667.964/( ( 19829.949 + 20561.885 )/ 2 )
=1667.964/20195.917
=8.26 %

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)
=(198.976 + 280.127 + 247.665) - (660.532 + 88.359 + 314.458)
=-336.581

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(646.401 + 220.944 + 534.057) - (416.694 + 0 + 742.304)
=242.404

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1211.536/25087.169
=4.83 %

* 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.


Atmos Energy EBIT Related Terms

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


Atmos Energy (Atmos Energy) Business Description

Traded in Other Exchanges
Address
5430 LBJ Freeway, Suite 1800, Three Lincoln Centre, Dallas, TX, USA, 75240
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
Executives
Richard M Thomas officer: VICE PRESIDENT & CONTROLLER P O BOX 650205, DALLAS TX 75265-0205
Kim R Cocklin director C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256
Diana J Walters director 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
John S Mcdill officer: SR VP, UTILITY OPERATIONS 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
John C. Ale director 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Christopher T Forsythe officer: Vice President and Controller P O BOX 650205, DALLAS TX 75265
Sean Donohue director P O BOX 650205, DALLAS TX 75265
J Matt Robbins officer: SR VP, Human Resources P O BOX 650205, DALLAS TX 75265-0205
Frank H Yoho director 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Richard A Sampson director PO BOX 650205, DALLAS TX 75265
David J Park officer: SR VP, Utility Operations P O BOX 650205, DALLAS TX 75265-0205
Richard W Douglas director 10670 N CENTRAL EXPRESSWAY, DALLAS TX 75231
Nancy K Quinn director P O BOX 650205, DALLAS TX 75265
Karen E Hartsfield officer: SR VP, GC & CORPORATE SEC'Y P O BOX 650205, DALLAS TX 75265-0205
John K Akers officer: SR VP, Safety & Enterprise Ser P O BOX 650205, DALLAS TX 75265-0205

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