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Vertex Energy (Vertex Energy) EBIT : $-20 Mil (TTM As of Dec. 2023)


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What is Vertex Energy EBIT?

Vertex Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vertex Energy's annualized ROC % for the quarter that ended in Dec. 2023 was -28.48%. Vertex Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -38.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vertex Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.10%.


Vertex Energy EBIT Historical Data

The historical data trend for Vertex Energy'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.

Vertex Energy EBIT Chart

Vertex Energy 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 -5.35 -11.99 -21.01 56.07 -19.99

Vertex Energy 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 53.41 16.96 -35.95 45.29 -46.29

Competitive Comparison of Vertex Energy's EBIT

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


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

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

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



Vertex Energy 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 $-20 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.


Vertex Energy  (NAS:VTNR) EBIT Explanation

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

Vertex Energy'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 )
=-195.428 * ( 1 - -3.31% )/( (727.096 + 690.709)/ 2 )
=-201.8966668/708.9025
=-28.48 %

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))
=892.678 - 126.56 - ( 75.705 - max(0, 362.095 - 401.117+75.705))
=727.096

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))
=854.624 - 140.71 - ( 76.967 - max(0, 328.826 - 352.031+76.967))
=690.709

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

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

Vertex Energy'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 )
=-185.164/( ( (477.044 + max(9.982, 0)) + (487.004 + max(-14.669, 0)) )/ 2 )
=-185.164/( ( 487.026 + 487.004 )/ 2 )
=-185.164/487.015
=-38.02 %

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)
=(36.816 + 222.685 + 65.911) - (126.56 + 0.62 + 188.25)
=9.982

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.164 + 182.12 + 56.78) - (140.71 + 0.325 + 148.698)
=-14.669

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-19.987/392.240
=-5.10 %

* 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.


Vertex Energy EBIT Related Terms

Thank you for viewing the detailed overview of Vertex Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Vertex Energy (Vertex Energy) Business Description

Traded in Other Exchanges
Address
1331 Gemini Street, Suite 250, Houston, TX, USA, 77058
Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Refining and Marketing, and Recovery. The company generates maximum revenue from the Refining and Marketing segment. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.
Executives
Christopher Allen Stratton director 1331 GEMINI STREET, #250, HOUSTON TX 77058
Alvaro Ruiz officer: Chief Strategy Officer 86 S KNIGHTS CROSSING DR, THE WOODLANDS TX 77382
James Gary Rhame officer: Chief Operating Officer 2601 RYDER COURT, LEAGUE CITY TX 77573
Benjamin P Cowart director, 10 percent owner, officer: CEO AND PRESIDENT 2506 DEEP OAK COURT, HOUSTON TX 77059
Douglas Scott Haugh officer: Chief Commercial Officer 865 DUNHAM STREET, DANIEL ISLAND SC 29492
Karen Kay Maston director 3770 OLYMPIA DRIVE, HOUSTON TX 77019
Odeh Khoury director 6 GREYTON LN, HOUSTON TX 77024
David L Phillips director P.O. BOX 37167, HOUSTON TX 77237
John Noel Strickland officer: COO 2030 ASHTON WAY, BAINBRIDGE GA 39819
Timothy C Harvey director 15 COLONEL WINSTEAD DRIVE, BRENTWOOD TN 37027
James P Gregory director 1225 EYE STREET NW SUITE 900, WASHINGTON DC 22209
David Peel officer: COO 1427 SHELL FISH CT., MT. PLEASANT SC 29466
Dan Borgen director 9500 NEW CENTURY, PASADENA TX 77507
Matthew Lieb officer: CHIEF OPERATING OFFICER 13500 EVENING CREEK DRIVE #440, SAN DIEGO CA 92128
Chris Carlson officer: CFO AND SECRETARY 4418 CEDAR RIDGE TRAIL, HOUSTON TX 77059

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