GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Canfor Corp (OTCPK:CFPZF) » Definitions » EBIT

Canfor (Canfor) EBIT : $-254 Mil (TTM As of Mar. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Canfor EBIT?

Canfor's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-254 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canfor's annualized ROC % for the quarter that ended in Mar. 2024 was -5.63%. Canfor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -10.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canfor's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -18.83%.


Canfor EBIT Historical Data

The historical data trend for Canfor'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.

Canfor EBIT Chart

Canfor 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 -231.76 602.47 1,505.39 836.07 -336.09

Canfor 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 -142.37 -49.75 -47.30 -93.92 -63.39

Competitive Comparison of Canfor's EBIT

For the Lumber & Wood Production subindustry, Canfor'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.


Canfor's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Canfor's EV-to-EBIT distribution charts can be found below:

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



Canfor 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 $-254 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.


Canfor  (OTCPK:CFPZF) EBIT Explanation

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

Canfor'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 )
=-253.548 * ( 1 - 19.02% )/( (3605.695 + 3690.012)/ 2 )
=-205.3231704/3647.8535
=-5.63 %

where

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))
=4570.215 - 496.869 - ( 467.651 - max(0, 674.717 - 1682.841+467.651))
=3605.695

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))
=4548.242 - 546.986 - ( 311.244 - max(0, 728.502 - 1680.556+311.244))
=3690.012

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

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

Canfor'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 )
=-253.548/( ( (1902.877 + max(518.931, 0)) + (1896.35 + max(630.172, 0)) )/ 2 )
=-253.548/( ( 2421.808 + 2526.522 )/ 2 )
=-253.548/2474.165
=-10.25 %

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)
=(222.048 + 741.503 + 91.457) - (496.869 + 39.207 + 0.00099999999997635)
=518.931

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(292.184 + 829.344 + 94.489) - (546.986 + 38.859 + -1.1368683772162E-13)
=630.172

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-254.356/1351.093
=-18.83 %

* 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.


Canfor EBIT Related Terms

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


Canfor (Canfor) Business Description

Traded in Other Exchanges
Address
100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2
Canfor is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America and Europe, with lumber mills in British Columbia, Alberta, the Southeastern United States, and Sweden. It has two reportable segments: lumber and pulp and paper. The lumber segment includes Canfor's sawmilling and remanufacturing operations and the pulp and paper segment includes the kraft pulp, kraft paper, and bleached chemi-thermomechanical pulp businesses of Canfor Pulp.

Canfor (Canfor) Headlines

From GuruFocus

Canfor Stock Is Estimated To Be Significantly Overvalued

By GF Value GF Value 06-06-2021

5 Undervalued Canadian Stocks for Intelligent Investors

By Benjamin Clark Benjamin Clark 02-23-2017

Canfor Closes VIDA Group of Sweden Acquisition

By PRNewswire PRNewswire 02-28-2019