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Rayonier (Rayonier) EBIT : $232 Mil (TTM As of Dec. 2023)


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What is Rayonier EBIT?

Rayonier's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $144 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $232 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rayonier's annualized ROC % for the quarter that ended in Dec. 2023 was 16.64%. Rayonier's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 478.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rayonier's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.05%.


Rayonier EBIT Historical Data

The historical data trend for Rayonier'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.

Rayonier EBIT Chart

Rayonier 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 112.33 75.56 270.06 168.39 231.96

Rayonier 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 45.71 20.18 31.75 35.89 144.15

Competitive Comparison of Rayonier's EBIT

For the REIT - Specialty subindustry, Rayonier'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.


Rayonier's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rayonier's EV-to-EBIT distribution charts can be found below:

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



Rayonier 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 $232 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.


Rayonier  (NYSE:RYN) EBIT Explanation

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

Rayonier'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 )
=591.792 * ( 1 - 2.52% )/( (3544.037 + 3388.492)/ 2 )
=576.8788416/3466.2645
=16.64 %

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))
=3707.749 - 55.928 - ( 107.784 - max(0, 110.619 - 222.928+107.784))
=3544.037

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))
=3647.585 - 82.412 - ( 207.696 - max(0, 140.277 - 316.958+207.696))
=3388.492

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

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

Rayonier'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 )
=576.612/( ( (118.744 + max(-5.369, 0)) + (122.483 + max(-42.532, 0)) )/ 2 )
=576.612/( ( 118.744 + 122.483 )/ 2 )
=576.612/120.6135
=478.07 %

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)
=(31.447 + 33.139 + 40.664) - (55.928 + 23.835 + 30.856)
=-5.369

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.652 + 31.017 + 38.076) - (82.412 + 19.012 + 38.853)
=-42.532

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=231.96/5723.079
=4.05 %

* 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.


Rayonier EBIT Related Terms

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Rayonier (Rayonier) Business Description

Traded in Other Exchanges
Address
1 Rayonier Way, Wildlight, FL, USA, 32097
Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.
Executives
David L Nunes director, officer: Chief Executive Officer 1 RAYONIER WAY, WILDLIGHT FL 32097
Shelby L Pyatt officer: VP, Human Resources 1 RAYONIER WAY, YULEE FL 32097
Gregg A Gonsalves director C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Mark Mchugh officer: Chief Financial Officer 1 RAYONIER WAY, YULEE FL 32097
Meridee Moore director
Douglas M Long officer: SVP, Forest Resources 1 RAYONIER WAY, WILDLIGHT FL 32097
April J. Tice officer: V.P. Corp Controller 1 RAYONIER WAY, YULEE FL 32097
Mark R Bridwell officer: VP, GC and Secretary 1 RAYONIER WAY, WILDLIGHT FL 32097
W. Rhett Rogers officer: VP, Portfolio Management 1 RAYONIER WAY, YULEE FL 32097
Matthew Justice Rivers director 1 RAYONIER WAY, WILDLIGHT FL 32097
Blanche L Lincoln director C/O ENTERGY CORPORATION LEGAL DEPARTMENT, 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Dod A Fraser director 1 RAYONIER WAY, YULEE FL 32097
Keith E Bass director 6208 BLAKEFORD DRIVE, WINDERMERE FL 34786
V. Larkin Martin director 1 RAYONIER WAY, YULEE FL 32097
Scott R. Jones director 1 RAYONIER WAY, YULEE FL 32097