Renewable Energy Group (Renewable Energy Group) EBIT : $200 Mil (TTM As of Mar. 2022)

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What is Renewable Energy Group EBIT?

Renewable Energy Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $200 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Renewable Energy Group's annualized ROC % for the quarter that ended in Mar. 2022 was 4.50%. Renewable Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 6.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Renewable Energy Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 6.63%.

Renewable Energy Group EBIT Historical Data

The historical data trend for Renewable Energy Group'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.

Renewable Energy Group EBIT Chart

Renewable Energy Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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-78.01

312.52

385.16

136.65

221.29

Renewable Energy Group Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
EBIT	Get a 7-Day Free Trial															41.97	86.04	51.74	41.54	20.38

Competitive Comparison of Renewable Energy Group's EBIT

For the Oil & Gas Refining & Marketing subindustry, Renewable Energy Group'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.

Renewable Energy Group's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Renewable Energy Group's EV-to-EBIT distribution charts can be found below:

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

Renewable Energy Group 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $200 Mil.

Renewable Energy Group (NAS:REGI) EBIT Explanation

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

Renewable Energy Group's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	76.152 * ( 1 - 3.26% )	/	( (1595.399	+	1676.786)	/ 2 )
=	73.6694448	/	1636.0925
=	4.50 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	2558.944	-	175.074	-	( 788.471	-	max(0, 246.613	-	1497.911	+	788.471	))
=	1595.399

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	2628.046	-	267.985	-	( 683.275	-	max(0, 308.092	-	1584.13	+	683.275	))
=	1676.786

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

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

Renewable Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	81.508	/	( ( (729.174 + max(432.118, 0))	+	(781.23 + max(559.114, 0)) )	/	2 )
=	81.508	/	( ( 1161.292	+	1340.344 )	/	2 )
=	81.508	/	1250.818
=	6.52 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(158.187	+	459.333	+	48.185)	-	(175.074	+	16.856	+	41.657)
=	432.118

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(212.584	+	556.255	+	85.15)	-	(267.985	+	26.89	+	0)
=	559.114

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Renewable Energy Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2022 )
	=	199.694	/	3014.191
	=	6.63 %

Renewable Energy Group EBIT Related Terms

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Renewable Energy Group (Renewable Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renewable Energy Group Inc (NAS:REGI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

416 South Bell Avenue, Ames, IA, USA, 50010

Website

https://www.regi.com

Renewable Energy Group Inc is a producer and refiner of biofuels in the oil and gas industry. The company's operations include acquiring feedstock, operating biorefineries, and marketing and distributing renewable fuels. Its operating segments include Biomass-based Diesel, Services, and Corporate and other. The majority of the company's revenue comes from the sale of biomass-based diesel. Geographically, it operates in the United States, Germany and Other Foreign countries of which the United States derived maximum revenue. At its biorefineries, natural fats, oils, and greases are converted into biofuels and renewable chemicals.

Executives

Stacey Orlandi	other: SVP, Manufacturing	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Eric Bowen	officer: VP, Corp Bus Dev and Legal	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Dylan Glenn	director	535 BROAD HOLLOW ROAD, SUITE B51, MELVILLE NY 11747
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Todd Samuels	other: Chief Accounting Officer	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Chad Stone	officer: Chief Financial Officer	REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Cynthia J Warner	director, officer: President and CEO	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Harding Peter John Martin	director	416 S. BELL AVE. AMES IA 50010
Richard Craig Bealmear	officer: Chief Financial Officer	1114 COLFAX STREET EVANSTON IL 60201
Jeffrey Stroburg	director	REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Christopher D. Sorrells	director	REG NEWCO, INC., 416 S. BELL AVENUE, AMES IA 50010
Todd Allen Robinson	officer: InterimChief Financial Officer	RENEWABLE ENERGY, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Walter Z Berger	director	416 SOUTH BELL AVENUE, AMES IA 50010
Gary Haer	officer: VP, Sales and Marketing	416 SOUTH BELL AVENUE C/O RENEWABLE ENERGY GROUP, INC. AMES IA 50010
Michael M Scharf	director	12312 OLIVE BOULEVARD SUITE 400 ST. LOUIS MO 63141