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CKX Lands's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.03 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CKX Lands's annualized ROC % for the quarter that ended in Dec. 2023 was 8.73%. CKX Lands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.71%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. CKX Lands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.14%.
The historical data trend for CKX Lands'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.
CKX Lands Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 0.11 | 0.02 | 0.04 | -1.86 | -0.03 |
CKX Lands 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 | -1.45 | -0.49 | 0.10 | - | 0.36 |
For the Oil & Gas E&P subindustry, CKX Lands'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.
For the Oil & Gas industry and Energy sector, CKX Lands's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where CKX Lands's EV-to-EBIT falls into.
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 $-0.03 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.
CKX Lands (AMEX:CKX) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
CKX Lands'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 ) |
= | 1.436 * ( 1 - 41.55% ) | / | ( (9.619 | + | 9.608) | / 2 ) |
= | 0.839342 | / | 9.6135 | |||
= | 8.73 % |
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 | )) |
= | 18.176 | - | 0.023 | - | ( 8.534 | - | max(0, 0.118 | - | 8.747 | + | 8.534 | )) |
= | 9.619 |
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 | )) |
= | 18.813 | - | 0.311 | - | ( 9.072 | - | max(0, 0.495 | - | 9.389 | + | 9.072 | )) |
= | 9.608 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
CKX Lands'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 ) |
= | 1.436 | / | ( ( (9.097 + max(0.094999999999999, 0)) | + | (9.095 + max(-0.178, 0)) ) | / | 2 ) |
= | 1.436 | / | ( ( 9.192 | + | 9.095 ) | / | 2 ) |
= | 1.436 | / | 9.1435 | ||||
= | 15.71 % |
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) |
= | (0.067 | + | 0 | + | 0.146) | - | (0.023 | + | 0.095 | + | 0) |
= | 0.094999999999999 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.105 | + | 0 | + | 0.212) | - | (0.311 | + | 0.185 | + | -0.001) |
= | -0.178 |
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:
CKX Lands's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | -0.028 | / | 20.211 | |
= | -0.14 % |
* 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.
Thank you for viewing the detailed overview of CKX Lands's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Max H. Hart | director | P.O. BOX 1700, OPELOUSAS LA 70571 |
William Gray Stream | director | 2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601 |
Daniel J Englander | director | C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712 |
Scott Adams Stepp | officer: Chief Financial Officer | 2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601 |
Lane T Lamure | director | POST OFFICE BOX 11941, JACKSON WY 83002 |
Ellington Edward Moreland Ii | director | 1232 CYPRESS HARBOR DRIVE, LAKE CHARLES LA 70605 |
Lee W. Boyer | director | 127 W. BROAD ST., 4TH FLOOR, LAKE CHARLES LA 70601 |
Donald Keith Duplechin | director | 131 STATE STREET, LAKE CHARLES LA 70605 |
Ottley Properties, Llc | 10 percent owner | 337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005 |
Minvielle Iv Eugene T | director | P.O. BOX 51684, LAFAYETTE LA 70505 |
Lee Bert Appleberry | director | 315 NORTH WILCREST DRIVE, HOUSTON TX 77079 |
Charles D Viccellio | director, officer: Vice President & Secretary | 4113 BEAU CHENE DRIVE, LAKE CHARLES LA 70605 |
Elizabeth Brooks Hollins | director | 1128 BIRDNEST ROAD, LAKE CHARLES X1 70611 |
Michael B White | 10 percent owner | 337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005 |
Mary W Savoy | director | 1407 ALVIN STREET, LAKE CHARLES LA 70601 |
From GuruFocus
By GF Value GF Value • 05-11-2021
By gurufocus 10qk • 01-06-2010
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