Terra Nitrogen Co LP (Terra Nitrogen Co LP) EBIT : $153.4 Mil (TTM As of Dec. 2017)

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What is Terra Nitrogen Co LP EBIT?

Terra Nitrogen Co LP's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2017 was $49.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2017 was $153.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Terra Nitrogen Co LP's annualized ROC % for the quarter that ended in Dec. 2017 was 65.21%. Terra Nitrogen Co LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was 67.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Terra Nitrogen Co LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was 9.78%.

Terra Nitrogen Co LP EBIT Historical Data

The historical data trend for Terra Nitrogen Co LP'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.

Terra Nitrogen Co LP EBIT Chart

Terra Nitrogen Co LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

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502.40

370.00

306.90

209.20

153.40

Terra Nitrogen Co LP Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
EBIT	Get a 7-Day Free Trial															44.10	42.20	39.40	22.70	49.10

Competitive Comparison of Terra Nitrogen Co LP's EBIT

For the Agricultural Inputs subindustry, Terra Nitrogen Co LP'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.

Terra Nitrogen Co LP's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Terra Nitrogen Co LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Terra Nitrogen Co LP's EV-to-EBIT falls into.

Terra Nitrogen Co LP 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $153.4 Mil.

Terra Nitrogen Co LP (NYSE:TNH) EBIT Explanation

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

Terra Nitrogen Co LP's annualized ROC % for the quarter that ended in Dec. 2017 is calculated as:

	ROC % (Q: Dec. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2017 )	+	Invested Capital (Q: Dec. 2017 ))	/ count )
=	196.4 * ( 1 - 0% )	/	( (300.4	+	302)	/ 2 )
=	196.4	/	301.2
=	65.21 %

where

	Invested Capital		(Q: Sep. 2017 )
=	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	))
=	382	-	26.1	-	( 60.8	-	max(0, 28.3	-	83.8	+	60.8	))
=	300.4

	Invested Capital		(Q: Dec. 2017 )
=	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	))
=	403.9	-	31.6	-	( 81.5	-	max(0, 34.8	-	105.1	+	81.5	))
=	302

Note: The Operating Income data used here is four times the quarterly (Dec. 2017) data.

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

Terra Nitrogen Co LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2017		Q: Dec. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	196.4	/	( ( (287.7 + max(-21.6, 0))	+	(290.2 + max(-28.3, 0)) )	/	2 )
=	196.4	/	( ( 287.7	+	290.2 )	/	2 )
=	196.4	/	288.95
=	67.97 %

where Working Capital is:

	Working Capital		(Q: Sep. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.4	+	6	+	0.3)	-	(26.1	+	0	+	2.2)
=	-21.6

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.9	+	5.3	+	0.3)	-	(31.6	+	0	+	3.2)
=	-28.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2017) EBIT data.

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

Terra Nitrogen Co LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2017 )
	=	153.4	/	1568.850
	=	9.78 %

Terra Nitrogen Co LP EBIT Related Terms

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Terra Nitrogen Co LP (Terra Nitrogen Co LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Terra Nitrogen Co LP (NYSE:TNH) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.cfindustries.com

Terra Nitrogen Co LP is a limited partnership company producing nitrogen fertilizer products. Its principal products anhydrous ammonia and urea ammonium nitrate solutions are manufactured at its facility in Verdigris, Oklahoma. The company's operations are conducted through a partnership with Terra Nitrogen, Limited Partnership, and Terra Nitrogen GP Inc.

Executives

Michael A Jackson	director
Anne H Lloyd	director
Susan L Menzel	officer: Sr. VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., FOUR PARKWAY NORTH, DEERFIELD IL 60015
Christopher D Bohn	officer: VP, Supply Chain	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Adam L Hall	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Dennis P. Kelleher	director, officer: Sr Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC, 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Theodore D Sands	director	CITYPLACE ONE SUITE 300, ARCH MINERAL CORP, CREVE COEUR MO 63141
Jablow Spertus Wendy S	officer: VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Anthony J Nocchiero	director, officer: Senior Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Lynn F White	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Philipp P Koch	officer: VP, Supply Chain	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Stephen R Wilson	director, officer: Chairman, President, and CEO	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Douglas C Barnard	officer: VP, GC, and Corp. Secretary	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
W Anthony Will	officer: VP, Manufacturing and Dist.	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Richard A Hoker	officer: VP and Corporate Controller	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015