Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) EBIT

: $11.49 Mil (TTM As of Dec. 2023)

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Cross Timbers Royalty Trust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $2.40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $11.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cross Timbers Royalty Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 355.37%. Cross Timbers Royalty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cross Timbers Royalty Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.92%.

Cross Timbers Royalty Trust EBIT Historical Data

The historical data trend for Cross Timbers Royalty Trust'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 5.23 [6] => 4.67 [7] => 6.67 [8] => 11.73 [9] => 11.48 )

Cross Timbers Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

5.23

4.67

6.67

11.73

11.48

Cross Timbers Royalty Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																2.75	3.63	3.02	2.44	2.40

Competitive Comparison

For the Oil & Gas E&P subindustry, Cross Timbers Royalty Trust'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.

Cross Timbers Royalty Trust EV-to-EBIT Distribution

For the Oil & Gas industry and Energy sector, Cross Timbers Royalty Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cross Timbers Royalty Trust's EV-to-EBIT falls into.

Cross Timbers Royalty Trust 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 $11.49 Mil.

Cross Timbers Royalty Trust (NYSE:CRT) EBIT Explanation

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

Cross Timbers Royalty Trust'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 )
=	9.604 * ( 1 - 0% )	/	( (2.733	+	2.672)	/ 2 )
=	9.604	/	2.7025
=	355.37 %

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	))
=	4.277	-	0.544	-	( 1.539	-	max(0, 0.544	-	1.544	+	1.539	))
=	2.733

	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	))
=	4.529	-	0.857	-	( 1.852	-	max(0, 0.857	-	1.857	+	1.852	))
=	2.672

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

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

Cross Timbers Royalty Trust'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 )
=	9.604	/	( ( (0 + max(-0.545, 0))	+	(0 + max(-0.857, 0)) )	/	2 )
=	9.604	/	( ( 0	+	0 )	/	2 )
=	9.604	/	0
=	%

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	+	0	+	-0.00099999999999989)	-	(0.544	+	0	+	0)
=	-0.545

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.857	+	0	+	0)
=	-0.857

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:

Cross Timbers Royalty Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	11.485	/	76.988
	=	14.92 %

Cross Timbers Royalty Trust EBIT Related Terms

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Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Timbers Royalty Trust (NYSE:CRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Corporate Argent Trust Company, 2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219

Website

http://www.crt-crosstimbers.com

Cross Timbers Royalty Trust is a United States based trust. Its principal asset is the net profits interests. The net profits interests are derived from producing royalty, overriding royalty interests, and working interests properties. The underlying properties of the trust include producing properties in Texas, Oklahoma, and New Mexico.

Executives

Gary D. Simpson	officer: Sr VP Investor Rel & Finance, other: Advisory Dir - XTO Energy Inc.	810 HOUSTON STREET, FORT WORTH TX 76102
Timothy L Petrus	other: Exec VP - XTO Energy Inc.	810 HOUSTON STREET, FORT WORTH TX 76102
Phillip R Kevil	other: Director-XTO Energy Inc.	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Vennerberg Vaughn O Ii	other: Exec. VP - Admin., XTO Energy
Bob R Simpson	other: Dir/CEO/Chair, XTO Energy	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Bennie G Kniffen	other: Sr. VP-Controller, XTO Energy
Steffen E Palko	Dir, Pres. and Vice Chairman, other: Dir/Pres/Vice Chair-XTO Energy
Louis G Baldwin	other: Executive VP-CFO, XTO Energy
Keith A Hutton	other: Exec. VP-Operation, XTO Energy	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Lane G Collins	other: Director, XTO Energy
Jack P Randall	other: Director, XTO Energy Inc.
Adams William H Iii	other: Director, XTO Energy Inc.	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Scott G Sherman	other: Director XTO Energy Inc.
Herbert D Simons	other: Director, XTO Energy Inc.