GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Adams Resources & Energy Inc (AMEX:AE) » Definitions » EBIT

Adams Resources & Energy (Adams Resources & Energy) EBIT : $4 Mil (TTM As of Dec. 2023)


View and export this data going back to 1984. Start your Free Trial

What is Adams Resources & Energy EBIT?

Adams Resources & Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adams Resources & Energy's annualized ROC % for the quarter that ended in Dec. 2023 was -1.66%. Adams Resources & Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adams Resources & Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.99%.


Adams Resources & Energy EBIT Historical Data

The historical data trend for Adams Resources & 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.

Adams Resources & Energy EBIT Chart

Adams Resources & Energy 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 11.14 -5.09 16.40 6.69 3.87

Adams Resources & 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 -8.07 -2.43 2.35 4.04 -0.10

Competitive Comparison of Adams Resources & Energy's EBIT

For the Oil & Gas Refining & Marketing subindustry, Adams Resources & 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.


Adams Resources & Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Adams Resources & 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 $4 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.


Adams Resources & Energy  (AMEX:AE) EBIT Explanation

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

Adams Resources & 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 )
=-2.704 * ( 1 - 8.67% )/( (155.066 + 141.61)/ 2 )
=-2.4695632/148.338
=-1.66 %

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))
=410.595 - 239.216 - ( 16.313 - max(0, 252.601 - 274.786+16.313))
=155.066

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

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

Adams Resources & 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 )
=-0.392/( ( (117.254 + max(17.494, 0)) + (110.897 + max(-0.037000000000006, 0)) )/ 2 )
=-0.392/( ( 134.748 + 110.897 )/ 2 )
=-0.392/122.8225
=-0.32 %

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)
=(219.263 + 27.65 + 11.05) - (239.216 + 0 + 1.253)
=17.494

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(164.295 + 19.827 + 15.093) - (198.04 + 0 + 1.212)
=-0.037000000000006

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=3.87/96.959
=3.99 %

* 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.


Adams Resources & Energy EBIT Related Terms

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


Adams Resources & Energy (Adams Resources & Energy) Business Description

Traded in Other Exchanges
Address
17 South Briar Hollow Lane, Suite 100, Houston, TX, USA, 77027
Adams Resources & Energy Inc is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals and dry bulk, and oil and gas exploration and production. The company operates through four business segments: Crude oil marketing segment offers crude oil marketing, transportation, and storage; Transportation segment includes tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; Pipeline and storage segment includes pipeline transportation, terminalling, and storage of crude oil; and Logistics and repurposing segment offers interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil, and other chemicals.
Executives
Leggio Michael F Iii officer: Chief Operating Officer 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Dennis E. Dominic director C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Townes G. Pressler officer: Executive Chairman 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Tracy E Ohmart officer: EVP, CFO 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Kevin J. Roycraft officer: President, Service Transport C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Wade M Harrison officer: President, Service Transport C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, HOUSTON TX 77027
Trey T Bosard officer: President, Phoenix Oil, Inc. 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Niemann John O. Jr. director 1415 LOUISIANA ST., STE. 4100, HOUSTON TX 77002
Murray E Brasseux director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
William R Scofield director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Greg L Mills officer: President, GulfMark Energy C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Michelle A Earley director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Geoffrey Griffith officer: President, GulfMark Energy 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Larry E Bell director 17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Richard C Jenner director 17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027