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CrossAmerica Partners LP (CrossAmerica Partners LP) EBIT : $67 Mil (TTM As of Mar. 2024)


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What is CrossAmerica Partners LP EBIT?

CrossAmerica Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CrossAmerica Partners LP's annualized ROC % for the quarter that ended in Mar. 2024 was 1.02%. CrossAmerica Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CrossAmerica Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.88%.


CrossAmerica Partners LP EBIT Historical Data

The historical data trend for CrossAmerica Partners LP'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.

CrossAmerica Partners LP EBIT Chart

CrossAmerica Partners LP 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 43.85 116.10 36.67 96.51 88.86

CrossAmerica Partners LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.37 28.02 24.32 27.15 -12.80

Competitive Comparison of CrossAmerica Partners LP's EBIT

For the Oil & Gas Refining & Marketing subindustry, CrossAmerica Partners LP'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.


CrossAmerica Partners LP's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CrossAmerica Partners LP's EV-to-EBIT distribution charts can be found below:

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



CrossAmerica Partners LP 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 $67 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.


CrossAmerica Partners LP  (NYSE:CAPL) EBIT Explanation

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

CrossAmerica Partners LP'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 )
=15.044 * ( 1 - 24.84% )/( (1120.428 + 1094.278)/ 2 )
=11.3070704/1107.353
=1.02 %

where

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))
=1179.473 - 121.747 - ( 6.278 - max(0, 159.853 - 123.301+6.278))
=1094.278

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

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

CrossAmerica Partners LP'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 )
=-51.184/( ( (853.534 + max(-19.694, 0)) + (838.898 + max(-4.724, 0)) )/ 2 )
=-51.184/( ( 853.534 + 838.898 )/ 2 )
=-51.184/846.216
=-6.05 %

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)
=(31.622 + 52.344 + 19.566) - (113.828 + 0 + 9.398)
=-19.694

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.108 + 58.037 + 22.878) - (121.747 + 0 + 0)
=-4.724

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:

CrossAmerica Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=66.693/1718.928
=3.88 %

* 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.


CrossAmerica Partners LP EBIT Related Terms

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CrossAmerica Partners LP (CrossAmerica Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
645 Hamilton Street, Suite 400, Allentown, PA, USA, 18101
CrossAmerica Partners LP is a US-based limited partnership which is engaged in the wholesale distribution of motor fuel and the ownership and leasing of real estate used in the retail distribution of motor fuel. The company operates through two business segments namely Wholesale and Retail. The Wholesale segment is a key revenue driver, includes the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, DMS, Circle K and through company operated retail sites. The Retail segment includes the sale of convenience merchandise items, the retail sale of motor fuel at company-operated retail sites and the retail sale of motor fuel at retail sites operated by commission agents.
Executives
Topper Joseph V. Jr. director, 10 percent owner 702 WEST HAMILTON STREET, SUITE 203, ALLENTOWN PA 18101
Robert Brecker officer: Executive Vice Pres Operations 107 SACRAMENTO DRIVE, QUAKERTOWN PA 18951
Stephen J Lattig officer: Senior Vice President Retail 6109 COTTONWOOD LANE, BLACKSHEAR GA 31516
Thomas E Kelso director 14921 OLD YORK ROAD, PHOENIX MD 21131
Matthew Evan Naylor officer: Senior Vice President Retail 200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Mickey Kim director 500 S. COUNTRY CLUB ROAD, COLUMBUS IN 47201
2008 Irrevocable Agreement Of Trust Of John B Reilly Jr 10 percent owner 1577 SAUCON VALLEY ROAD, BETHLEHEM PA 18105
Dunne Manning Cap Holdings I Llc 10 percent owner 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Reilly John B. Iii director ONE SAUCON VIEW DRIVE, BETHLEHEM PA 18015
Eric M Javidi officer: Chief Financial Officer 500 TECHNOLOGY DRIVE, 2ND FLOOR, CANONSBURG PA 15317
Maura Topper director 1762 ARDEN LANE, BETHLEHEM PA 18015
Keenan D Lynch director, officer: Corporate Secretary 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Patricia Dunne Topper Trust 10 percent owner 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Dm Partners Management Co. Llc 10 percent owner 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Dunne Manning Partners Llc 10 percent owner 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101