Navios Maritime Holdings (Navios Maritime Holdings) EBIT : $116.7 Mil (TTM As of Sep. 2023)

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What is Navios Maritime Holdings EBIT?

Navios Maritime Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $31.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $116.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Navios Maritime Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 9.06%. Navios Maritime Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 25.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Navios Maritime Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 17.44%.

Navios Maritime Holdings EBIT Historical Data

The historical data trend for Navios Maritime 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.

Navios Maritime Holdings EBIT Chart

Navios Maritime Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-137.43

-53.36

45.96

83.40

-0.59

Navios Maritime Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-54.30	18.75	31.65	34.45	31.82

Competitive Comparison of Navios Maritime Holdings's EBIT

For the Marine Shipping subindustry, Navios Maritime 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.

Navios Maritime Holdings's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Navios Maritime Holdings's EV-to-EBIT distribution charts can be found below:

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

Navios Maritime 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $116.7 Mil.

Navios Maritime Holdings (NYSE:NM) EBIT Explanation

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

Navios Maritime Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	75.876 * ( 1 - -2.67% )	/	( (852.214	+	867.185)	/ 2 )
=	77.9018892	/	859.6995
=	9.06 %

where

	Invested Capital		(Q: Jun. 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	))
=	948.276	-	73.123	-	( 68.69	-	max(0, 112.463	-	135.402	+	68.69	))
=	852.214

	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	))
=	951.313	-	64.012	-	( 58.086	-	max(0, 102.106	-	122.222	+	58.086	))
=	867.185

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

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

Navios Maritime Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	127.26	/	( ( (509.215 + max(-11.05, 0))	+	(506.577 + max(-3.82, 0)) )	/	2 )
=	127.26	/	( ( 509.215	+	506.577 )	/	2 )
=	127.26	/	507.896
=	25.06 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.445	+	10.251	+	14.016)	-	(73.123	+	4.639	+	-1.4210854715202E-14)
=	-11.05

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(34.668	+	11.46	+	18.008)	-	(64.012	+	3.944	+	-1.4210854715202E-14)
=	-3.82

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	116.67	/	668.927
	=	17.44 %

Navios Maritime Holdings EBIT Related Terms

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Navios Maritime Holdings (Navios Maritime Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Navios Maritime Holdings Inc (NYSE:NM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NMpH.PFD:USA NMpG.PFD:USA

Address

90 North Church Street, P.O. Box 309, Strathvale House, Grand Cayman, CYM, KY1-1104

Website

https://www.navios.com

Navios Maritime Holdings Inc is a shipping company which provides transportation, trading, storage, and logistics services for bulk cargoes. It operates a diverse portfolio of Capesize, Panamax, ultra-handymax and handy size bulk carriers. The company has two reportable segments namely the Dry Bulk Vessel Operations segment, the Logistics Business segment. Geographically, the company generates a majority of its revenue from South America.

Executives

North Sound Capital Llc	10 percent owner	20 HORSENECK LANE, GREENWICH CT 06830
Robert Shaw	officer: President	C/O NAVIOS MARITIME HOLDINGS INC., 20 MARSHALL STREET, SUITE 200, SOUTH NORWALK CT 06854
Bruce Hoag	officer: Chief Financial Officer	C/O NAVIOS MARITIME HOLDINGS INC., 20 MARSHALL STREET, SUITE 200, SOUTH NORWALK CT 06854