Horizon North Logistics private (Horizon North Logistics private) EBIT : $-103.4 Mil (TTM As of Mar. 2020)

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What is Horizon North Logistics private EBIT?

Horizon North Logistics private's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2020 was $-18.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2020 was $-103.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horizon North Logistics private's annualized ROC % for the quarter that ended in Mar. 2020 was -20.12%. Horizon North Logistics private's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was -28.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Horizon North Logistics private's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was -4.14%.

Horizon North Logistics private EBIT Historical Data

The historical data trend for Horizon North Logistics private'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.

Horizon North Logistics private EBIT Chart

Horizon North Logistics private Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

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3.58

-16.62

-4.72

-5.56

-80.71

Horizon North Logistics private Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
EBIT	Get a 7-Day Free Trial															4.73	-13.33	-2.20	-69.78	-18.14

Competitive Comparison of Horizon North Logistics private's EBIT

For the Specialty Business Services subindustry, Horizon North Logistics private'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.

Horizon North Logistics private's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Horizon North Logistics private's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Horizon North Logistics private's EV-to-EBIT falls into.

Horizon North Logistics private 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 Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-103.4 Mil.

Horizon North Logistics private (OTCPK:HZNOF) EBIT Explanation

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

Horizon North Logistics private's annualized ROC % for the quarter that ended in Mar. 2020 is calculated as:

	ROC % (Q: Mar. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Mar. 2020 ))	/ count )
=	-72.256 * ( 1 - 17.13% )	/	( (306.94	+	288.298)	/ 2 )
=	-59.8785472	/	297.619
=	-20.12 %

where

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	368.223	-	61.283	-	( 0	-	max(0, 72.577	-	106.436	+	0	))
=	306.94

	Invested Capital		(Q: Mar. 2020 )
=	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	))
=	340.996	-	52.698	-	( 0	-	max(0, 74.433	-	116.982	+	0	))
=	288.298

Note: The Operating Income data used here is four times the quarterly (Mar. 2020) data.

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

Horizon North Logistics private's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2019		Q: Mar. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-72.556	/	( ( (241.134 + max(-22.74, 0))	+	(208.233 + max(57.541, 0)) )	/	2 )
=	-72.556	/	( ( 241.134	+	265.774 )	/	2 )
=	-72.556	/	253.454
=	-28.63 %

where Working Capital is:

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(27.546	+	15.786	+	1.773)	-	(61.283	+	2.151	+	4.411)
=	-22.74

	Working Capital		(Q: Mar. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(96.999	+	17.04	+	2.194)	-	(52.698	+	2.13	+	3.864)
=	57.541

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

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

Horizon North Logistics private's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2020 )
	=	-103.442	/	2500.633
	=	-4.14 %

Horizon North Logistics private EBIT Related Terms

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Horizon North Logistics private (Horizon North Logistics private) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Horizon North Logistics Inc private (OTCPK:HZNOF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

240-4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 4H4

Website

http://www.horizonnorth.ca

Horizon North Logistics Inc is a Canadian company which provides a range of industrial services and modular construction solutions. The operating segments of the company are Camps and Catering, Rentals and Logistics, and Modular Solutions. Camps and Catering segment includes camp management services, access solutions, and maintenance and utility services as well as handles catering operations. The Rentals and Logistics include all rental operations, mat rental operations, relocatable structures rental operations, transportation operations, and associated services. Its Modular Solutions comprised of all modular manufacturing and installation operations for commercial and residential end markets. Most of the company's revenue comes from Camps and Catering segment.

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