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California Water Service Group (California Water Service Group) EBIT : $210.2 Mil (TTM As of Dec. 2023)


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What is California Water Service Group EBIT?

California Water Service Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $32.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $210.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. California Water Service Group's annualized ROC % for the quarter that ended in Dec. 2023 was 1.95%. California Water Service Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. California Water Service Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.18%.


California Water Service Group EBIT Historical Data

The historical data trend for California Water Service Group'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.

California Water Service Group EBIT Chart

California Water Service Group 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 122.01 150.71 148.29 145.98 94.41

California Water Service Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -14.20 23.92 52.13 32.56 101.59

Competitive Comparison of California Water Service Group's EBIT

For the Utilities - Regulated Water subindustry, California Water Service Group'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.


California Water Service Group's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, California Water Service Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where California Water Service Group's EV-to-EBIT falls into.



California Water Service Group 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 $210.2 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.


California Water Service Group  (NYSE:CWT) EBIT Explanation

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

California Water Service Group'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 )
=55.484 * ( 1 - -48.05% )/( (3882.36 + 4546.698)/ 2 )
=82.144062/4214.529
=1.95 %

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))
=4041.361 - 237.859 - ( 34.735 - max(0, 381.14 - 302.282+34.735))
=3882.36

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))
=4595.533 - 182.889 - ( 39.591 - max(0, 430.339 - 296.285+39.591))
=4546.698

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

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

California Water Service Group'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 )
=130.252/( ( (3248.324 + max(-83.069, 0)) + (3752.522 + max(-57.18, 0)) )/ 2 )
=130.252/( ( 3248.324 + 3752.522 )/ 2 )
=130.252/3500.423
=3.72 %

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)
=(78.561 + 15.454 + 87.233) - (237.859 + 0 + 26.458)
=-83.069

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(65.74 + 16.17 + 109.615) - (182.889 + 13.488 + 52.328)
=-57.18

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:

California Water Service Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=210.2/4058.615
=5.18 %

* 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.


California Water Service Group EBIT Related Terms

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California Water Service Group (California Water Service Group) Business Description

Traded in Other Exchanges
Address
1720 North First Street, San Jose, CA, USA, 95112
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
Executives
Thomas M Krummel director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N. FIRST STREET, SAN JOSE CA 95118
Michelle R Mortensen officer: Corporate Secretary 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Jeffrey Kightlinger director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Charles R. Patton director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
David B Healey officer: VP, CEO and Treasurer C/O CALIFORNIA WATER SERVICE COMPANY, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Robert J Kuta officer: VP, Engineering 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Shelly Marian Esque director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Yvonne Aida Maldonado director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Carol M Pottenger director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Gregory E Aliff director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Peter C Nelson director C/O CALIFORNIA WATER SERVICE GROUP, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Lester A Snow director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N FIRST STREET, SAN JOSE CA 95112
Patricia K Wagner director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Scott L Morris director 1411 E MISSION AVE, SPOKANE WA 99202
Shawn C Bunting officer: VP Corporate Council 1720 NORTH FIRST STREET, SAN JOSE CA 95112