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Casella Waste Systems (Casella Waste Systems) EBIT : $86 Mil (TTM As of Dec. 2023)


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What is Casella Waste Systems EBIT?

Casella Waste Systems's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $86 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Casella Waste Systems's annualized ROC % for the quarter that ended in Dec. 2023 was -6.05%. Casella Waste Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Casella Waste Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.34%.


Casella Waste Systems EBIT Historical Data

The historical data trend for Casella Waste Systems'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.

Casella Waste Systems EBIT Chart

Casella Waste Systems Annual Data
Trend Apr14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.88 60.67 79.28 98.69 84.62

Casella Waste Systems 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 19.59 11.30 16.48 39.22 18.73

Competitive Comparison of Casella Waste Systems's EBIT

For the Waste Management subindustry, Casella Waste Systems'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.


Casella Waste Systems's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Casella Waste Systems's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Casella Waste Systems's EV-to-EBIT falls into.



Casella Waste Systems 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 $86 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.


Casella Waste Systems  (NAS:CWST) EBIT Explanation

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

Casella Waste Systems'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 )
=75.068 * ( 1 - 274.47% )/( (2146.109 + 2185.437)/ 2 )
=-130.9711396/2165.773
=-6.05 %

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))
=2498.015 - 191.749 - ( 219.089 - max(0, 253.184 - 413.341+219.089))
=2146.109

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))
=2535.47 - 202.566 - ( 220.912 - max(0, 278.858 - 426.325+220.912))
=2185.437

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

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

Casella Waste Systems'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 )
=74.936/( ( (1038.518 + max(-20.075, 0)) + (1081.397 + max(-31.714, 0)) )/ 2 )
=74.936/( ( 1038.518 + 1081.397 )/ 2 )
=74.936/1059.9575
=7.07 %

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)
=(140.332 + 17.519 + 32.675) - (191.749 + 18.852 + 0)
=-20.075

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(157.324 + 17.859 + 27.141) - (202.566 + 31.472 + 0)
=-31.714

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:

Casella Waste Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=85.734/6417.345
=1.34 %

* 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.


Casella Waste Systems EBIT Related Terms

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Casella Waste Systems (Casella Waste Systems) Business Description

Traded in Other Exchanges
Address
25 Greens Hill Lane, Rutland, VT, USA, 05701
Casella Waste Systems Inc is a solid waste removal company, providing resource management services to residential, commercial, municipal, and industrial customers in the Northeastern United States. The company's reportable segments on Geographical basis include Eastern and Western regions as well as the Resource solution segment. It generates maximum revenue from the Western region segment. The company services include Recycling, Collection, Organics, Energy, Landfills, Special Waste as well as Professional Services.
Executives
Bradford John Helgeson officer: Executive VP and CFO 30 ESSEX PLACE, BASKING RIDGE NJ 07920
Kevin Drohan officer: VP & CHIEF ACCOUNTING OFFICER C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701
Edmond Coletta officer: PRESIDENT & CFO CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701
Paul Ligon officer: SR VP & CHIEF REVENUE OFFICER C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701
William P Hulligan director 25 GREENS HILL LANE, RUTLAND VT 05701
Douglas R Casella director, officer: VICE CHAIRMAN, BD OF DIRECTORS CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LN, RUTLAND VT 05701
John W Casella director, officer: CHIEF EXECUTIVE OFFICER CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LN, RUTLAND VT 05701
Joseph Doody director CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701
Michael Louis Battles director 45 WILLIAM STREET, WELLESLEY MA 02481
Rose M. Kirk director C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701
Gary Sova director CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701
Emily Nagle Green director CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701
Sean Steves officer: Sr VP & COO of SW Ops C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701
Shelley E. Sayward officer: SENIOR VP & GENERAL COUNSEL C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701
Michael K Burke director C/O LANDAUER, INC., 2 SCIENCE ROAD, GLENWOOD IL 60425