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World Kinect (World Kinect) EBIT : $202 Mil (TTM As of Dec. 2023)


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What is World Kinect EBIT?

World Kinect's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $202 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. World Kinect's annualized ROC % for the quarter that ended in Dec. 2023 was 2.24%. World Kinect's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. World Kinect's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.72%.


World Kinect EBIT Historical Data

The historical data trend for World Kinect'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.

World Kinect EBIT Chart

World Kinect 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 317.30 210.30 147.20 262.50 202.20

World Kinect 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 65.40 62.60 75.20 77.90 -13.40

Competitive Comparison of World Kinect's EBIT

For the Oil & Gas Refining & Marketing subindustry, World Kinect'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.


World Kinect's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



World Kinect 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 $202 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.


World Kinect  (NYSE:WKC) EBIT Explanation

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

World Kinect'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 )
=97.2 * ( 1 - 25.32% )/( (3246.7 + 3228.4)/ 2 )
=72.58896/3237.55
=2.24 %

where

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

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

World Kinect'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 )
=-53.6/( ( (509.8 + max(204.5, 0)) + (515.4 + max(228.6, 0)) )/ 2 )
=-53.6/( ( 714.3 + 744 )/ 2 )
=-53.6/729.15
=-7.35 %

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)
=(2882.2 + 654.2 + 719.3) - (3900.8 + 0 + 150.4)
=204.5

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2735.5 + 664.6 + 799.4) - (3842.6 + 0 + 128.3)
=228.6

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:

World Kinect's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=202.3/2082.189
=9.72 %

* 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.


World Kinect EBIT Related Terms

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World Kinect (World Kinect) Business Description

Traded in Other Exchanges
Address
9800 Northwest 41st Street, Miami, FL, USA, 33178
World Kinect Corp is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. It sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions.
Executives
Jill Smart director C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Ken Bakshi director 63 STONEBRIDGE ROAD, MONTCLAIR NJ 07042
Michael Crosby officer: EVP, Global Land 9800 N.W. 41ST STREET, MIAMI FL 33178
Jose-miguel Tejada officer: SVP, Chief Accounting Officer C/O WORLD FUEL SERVICES CORPORATION, 9800 NW 41ST STREET, MIAMI FL 33178
John L Manley director 15211 MEDICI WAY, NAPLES FL 34110
John Peter Rau officer: EVP, Global Aviation & Marine 9800 N.W. 41ST STREET, MIAMI FL 33178
Robert Alexander Lake officer: EVP, Chf. Legal Officer, CoSec C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178
Jorge L. Benitez director 5201 BLUE LAGOON DRIVE, SUITE 250, MIAMI FL 33126
Paul H Stebbins director, officer: Chairman and CEO C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Sharda Cherwoo director 160 WEST 66TH STREET, APT. 45F, NEW YORK NY 10023
Michael J Kasbar director, officer: President & COO C/ O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Richard A Kassar director C/O WORLD FUEL SERVICES CORP., 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
J Thomas Presby director 198 KEELER ROAD, BRIDGEWATER CT 06752
Stephen K Roddenberry director C/O AKERMAN LLP, 98 SOUTHEAST SEVENTH STREET, MIAMI FL 33131
Jeffrey Paul Smith officer: EVP and COO C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178