NACCO Industries (NACCO Industries) EBIT

: $-61.7 Mil (TTM As of Dec. 2023)

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NACCO Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-65.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-61.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NACCO Industries's annualized ROC % for the quarter that ended in Dec. 2023 was -10.20%. NACCO Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -82.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NACCO Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -37.04%.

NACCO Industries EBIT Historical Data

The historical data trend for NACCO Industries'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.

NACCO Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

44.27

15.61

58.57

89.76

-61.70

NACCO Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																16.77	4.91	3.83	-5.22	-65.22

Competitive Comparison

For the Thermal Coal subindustry, NACCO Industries'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.

NACCO Industries EV-to-EBIT Distribution

For the Other Energy Sources industry and Energy sector, NACCO Industries's EV-to-EBIT distribution charts can be found below:

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

NACCO Industries 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 $-61.7 Mil.

NACCO Industries (NYSE:NC) EBIT Explanation

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

NACCO Industries'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 )
=	-63.704 * ( 1 - 33.32% )	/	( (413.428	+	419.676)	/ 2 )
=	-42.4778272	/	416.552
=	-10.20 %

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	))
=	580.903	-	39.308	-	( 128.167	-	max(0, 60.87	-	258.147	+	128.167	))
=	413.428

	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	))
=	539.708	-	34.923	-	( 85.109	-	max(0, 69.986	-	231.998	+	85.109	))
=	419.676

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

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

NACCO Industries'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 )
=	-260.888	/	( ( (244.258 + max(66.825, 0))	+	(232.569 + max(90.011, 0)) )	/	2 )
=	-260.888	/	( ( 311.083	+	322.58 )	/	2 )
=	-260.888	/	316.8315
=	-82.34 %

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)
=	(34.743	+	69.216	+	20.157)	-	(39.308	+	1.299	+	16.684)
=	66.825

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(45.289	+	77	+	23.755)	-	(34.923	+	0.878	+	20.232)
=	90.011

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-61.698	/	166.561
	=	-37.04 %

NACCO Industries EBIT Related Terms

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NACCO Industries (NACCO Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » NACCO Industries Inc (NYSE:NC) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

5875 Landerbrook Drive, Suite 220, Cleveland, OH, USA, 44124-4069

Website

https://www.nacco.com

NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments that are coal mining, North American mining (NA mining), and minerals management. The majority of its revenue is from the coal mining segment. That segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NA mining segment provides value-add contract mining and services for producers. Minerals management generates income from royalty-based leases by acquiring and promoting oil, gas, and coal mineral interests. The company is diversifying beyond coal mining due to political and economic pressures associated with carbon emissions.

Executives

Valerie Gentile Sachs	director	5555 DARROW RD, HUDSON OH 44236
Trust F/b/o Paige J. Rankin 8/26/2016	other: Member of a Group	103 MARION AVENUE, LAKE FOREST IL 60045
Paige J. Rankin	other: Member of a Group	103 MARION AVENUE, FOREST LAKE IL 60045
Miles B Haberer	officer: Assoc Gen Counsel & Assist Sec	5340 LEGACY DRIVE, BUILDING 1 SUITE 300, PLANO TX 75024
Butler John C Jr	officer: VP-Corp Dev and Treasurer	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin	other: NMHG Dir and Member of Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Roger F Rankin	other: Member of a group	C/O NACCO INDUSTRIES INC, 5875 LANDERBROOK DRIVE, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al	director, officer: Dir CEO Group Member, other: Dir CEO Group Member	5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Rankin Corbin	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Alison A Rankin	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124