Matson (Matson) EBIT

: $385 Mil (TTM As of Dec. 2023)

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Matson's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $385 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Matson's annualized ROC % for the quarter that ended in Dec. 2023 was 5.36%. Matson's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Matson's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.17%.

Matson EBIT Historical Data

The historical data trend for Matson'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.

Matson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

130.30

286.40

1,193.90

1,370.30

385.20

Matson Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																101.70	48.70	107.20	142.60	86.70

Competitive Comparison

For the Marine Shipping subindustry, Matson'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.

Matson EV-to-EBIT Distribution

For the Transportation industry and Industrials sector, Matson's EV-to-EBIT distribution charts can be found below:

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

Matson 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 $385 Mil.

Matson (NYSE:MATX) EBIT Explanation

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

Matson'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 )
=	284.8 * ( 1 - 25.98% )	/	( (3933.8	+	3936.8)	/ 2 )
=	210.80896	/	3935.3
=	5.36 %

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	))
=	4292.8	-	293.8	-	( 156.5	-	max(0, 570.6	-	635.8	+	156.5	))
=	3933.8

	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	))
=	4294.6	-	317.8	-	( 134	-	max(0, 562.3	-	602.3	+	134	))
=	3936.8

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

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

Matson'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 )
=	346.8	/	( ( (2364.7 + max(-46, 0))	+	(2379.5 + max(-62.1, 0)) )	/	2 )
=	346.8	/	( ( 2364.7	+	2379.5 )	/	2 )
=	346.8	/	2372.1
=	14.62 %

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)
=	(305.2	+	0	+	52)	-	(293.8	+	0	+	109.4)
=	-46

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(279.4	+	0	+	44.4)	-	(317.8	+	0	+	68.1)
=	-62.1

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	385.2	/	4199.801
	=	9.17 %

Matson EBIT Related Terms

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Matson (Matson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Matson Inc (NYSE:MATX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

68M:Germany

Address

1411 Sand Island Parkway, Honolulu, HI, USA, 96819

Website

https://www.matson.com

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and logistics which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from ocean transportation.

Executives

Grace M Cerocke	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Richard S Kinney	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Laura L Rascon	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Christopher A Scott	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Angoco Vic S Jr	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Matthew J Cox	officer: CFO of wholly-owned subsidiary	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Kuuhaku T Park	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Peter T Heilmann	officer: SVP & Chief Legal Officer	555 12TH STREET, OAKLAND CA 94607
Leonard P Isotoff	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Mark H Fukunaga	director	MATSON, INC., 1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
John P Lauer	officer: Senior Vice President	555 12TH STREET, OAKLAND CA 94607
Kevin L Stuck	officer: VP and Controller	426 N. 44TH STREET, 2ND FL., PHOENIX AZ 85008
Rusty K Rolfe	officer: Senior Vice President, other: President of Matson Logistics	1855 GATEWAY BOULEVARD, CONCORD CA 94520
Jenai S Wall	director	999 BISHOP STREET, HONOLULU HI 96813
Thomas B Fargo	director	P.O. BOX 730, HONOLULU HI 96808