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Southwest Gas Holdings (Southwest Gas Holdings) EBIT : $490 Mil (TTM As of Dec. 2023)


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What is Southwest Gas Holdings EBIT?

Southwest Gas Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $157 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $490 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Southwest Gas Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 4.31%. Southwest Gas Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.63%.


Southwest Gas Holdings EBIT Historical Data

The historical data trend for Southwest Gas Holdings'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.

Southwest Gas Holdings EBIT Chart

Southwest Gas Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 381.90 416.22 366.05 -30.59 489.64

Southwest Gas Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -294.68 153.66 104.38 74.70 156.91

Competitive Comparison of Southwest Gas Holdings's EBIT

For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings'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.


Southwest Gas Holdings's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's EV-to-EBIT distribution charts can be found below:

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



Southwest Gas Holdings 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 $490 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.


Southwest Gas Holdings  (NYSE:SWX) EBIT Explanation

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

Southwest Gas Holdings'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 )
=552.856 * ( 1 - 11.59% )/( (11353.056 + 11320.978)/ 2 )
=488.7799896/11337.017
=4.31 %

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))
=11836.282 - 378.287 - ( 104.939 - max(0, 1052.529 - 1998.485+104.939))
=11353.056

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))
=11869.896 - 442.382 - ( 106.536 - max(0, 1684.847 - 1881.114+106.536))
=11320.978

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

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

Southwest Gas Holdings'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 )
=627.624/( ( (8639.318 + max(891.984, 0)) + (8784.582 + max(665.848, 0)) )/ 2 )
=627.624/( ( 9531.302 + 9450.43 )/ 2 )
=627.624/9490.866
=6.61 %

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)
=(903.365 + 0 + 941.313) - (378.287 + 47.206 + 527.201)
=891.984

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(886.549 + 0 + 793.094) - (442.382 + 48.46 + 522.953)
=665.848

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:

Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=489.635/10564.799
=4.63 %

* 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.


Southwest Gas Holdings EBIT Related Terms

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Southwest Gas Holdings (Southwest Gas Holdings) Business Description

Traded in Other Exchanges
Address
8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89193-8510
Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.
Executives
Paul M Daily officer: Executive Officer C/O SOUTHWEST GAS HOLDINGS, INC., 5241 SPRING MOUNTAIN ROAD, LAS VEGAS NV 89150
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Robert J Stefani officer: SVP/Chief Financial Officer 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Icahn Partners Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Randall P. Gabe officer: SVP/Chief Administrative OFC 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Amy L. Timperley officer: SVP/Chief Reg. & Fin. Planning 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Ruby Sharma director 24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Jose A Cardenas director 8360 S. DURANGO DR., LAS VEGAS NV 89113
Boyd S. Nelson officer: VP/Strategy & Inv Relations 8360 S. DURANGO DR., LAS VEGAS NV 89113
Thomas E. Moran officer: VP/General Counsel/Corp. Sec SOUTHWEST GAS HOLDINGS, INC., 8360 SOUTH DURANGO DRIVE, LAS VEGAS NV 89113
Julie M. Williams officer: SVP/Chief Operations Officer 8360 S. DURANGO DR., LAS VEGAS NV 89113
Lori L Colvin officer: VP/Controller/CAO 8360 S. DURANGO DR., LAS VEGAS NV 89113
Eric Debonis officer: SVP/Operations 8360 S. DURANGO DR., LAS VEGAS NV 89113
Andrew Teno director C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036