United States Lime & Minerals (United States Lime & Minerals) EBIT

: $88.9 Mil (TTM As of Dec. 2023)

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United States Lime & Minerals's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $19.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $88.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United States Lime & Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was 25.67%. United States Lime & Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United States Lime & Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.79%.

United States Lime & Minerals EBIT Historical Data

The historical data trend for United States Lime & Minerals'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.

United States Lime & Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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31.14

34.32

46.42

54.78

85.42

United States Lime & Minerals 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															12.27	21.41	24.70	23.80	18.97

Competitive Comparison

For the Building Materials subindustry, United States Lime & Minerals'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.

United States Lime & Minerals EV-to-EBIT Distribution

For the Building Materials industry and Basic Materials sector, United States Lime & Minerals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where United States Lime & Minerals's EV-to-EBIT falls into.

United States Lime & Minerals 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 $88.9 Mil.

United States Lime & Minerals (NAS:USLM) EBIT Explanation

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

United States Lime & Minerals'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 )
=	75.88 * ( 1 - 20.49% )	/	( (233.242	+	236.729)	/ 2 )
=	60.332188	/	234.9855
=	25.67 %

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	))
=	424.055	-	14.508	-	( 176.305	-	max(0, 16.002	-	246.394	+	176.305	))
=	233.242

	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	))
=	440.602	-	15.909	-	( 187.964	-	max(0, 17.491	-	254.969	+	187.964	))
=	236.729

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

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

United States Lime & Minerals'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 )
=	75.88	/	( ( (177.071 + max(55.581, 0))	+	(185.068 + max(51.096, 0)) )	/	2 )
=	75.88	/	( ( 232.652	+	236.164 )	/	2 )
=	75.88	/	234.408
=	32.37 %

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)
=	(44.061	+	23.778	+	2.25)	-	(14.508	+	0	+	0)
=	55.581

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.052	+	24.313	+	4.64)	-	(15.909	+	0	+	0)
=	51.096

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:

United States Lime & Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	88.882	/	1534.073
	=	5.79 %

United States Lime & Minerals EBIT Related Terms

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United States Lime & Minerals (United States Lime & Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United States Lime & Minerals Inc (NAS:USLM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ULI:Germany

Address

5429 LBJ Freeway, Suite 230, Dallas, TX, USA, 75240

Website

http://www.uslm.com

United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime, and lime slurry. It supplies primarily to the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), oil and gas services, roof shingle manufacturers and agriculture (including poultry and cattle feed producers) industries. The company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas.

Executives

Timothy Wade Stone	other: Director - Sales & Marketing	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Sandra C Duhe	director	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Timothy W Byrne	director, officer: President & CEO	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Nathan O'neill	officer: Vice President	5429 LBJ FRWY; STE 230, DALLAS TX 75240
Bill Hughes	officer: Senior Vice President	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Hawkins Tom S Jr	director	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75420
John J Gagnon	officer: Vice President	5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Inberdon Enterprises Ltd	10 percent owner	1020 789 WEST PENDER ST, VANCOUVER A1 00000
Edward A Odishaw	director	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
George Michel Doumet	10 percent owner	#2201 - 2077 NELSON STREET, VANCOUVER A1 V6G 2Y2
Richard W Cardin	director	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Ray M Harlin	director
Michael L Wiedemer	officer: VP & CFO	5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
M Michael Owens	officer: Vice President	5429 LBJ FREEWAY STE 230, DALLAS TX 75240
David Leymeister	officer: Vice President	5711 PRESTON OAKS ROAD, #1433, DALLAS TX 75254