The Mosaic Co (The Mosaic Co) EBIT

: $1,515 Mil (TTM As of Dec. 2023)

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The Mosaic Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $375 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,515 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Mosaic Co's annualized ROC % for the quarter that ended in Dec. 2023 was 6.32%. The Mosaic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Mosaic Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.28%.

The Mosaic Co EBIT Historical Data

The historical data trend for The Mosaic Co'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.

The Mosaic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1,040.10

395.00

2,419.10

4,811.30

1,514.90

The Mosaic Co 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															720.80	596.20	521.90	21.70	375.10

Competitive Comparison

For the Agricultural Inputs subindustry, The Mosaic Co'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.

The Mosaic Co EV-to-EBIT Distribution

For the Agriculture industry and Basic Materials sector, The Mosaic Co's EV-to-EBIT distribution charts can be found below:

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

The Mosaic Co 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 $1,515 Mil.

The Mosaic Co (NYSE:MOS) EBIT Explanation

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

The Mosaic Co'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 )
=	1114 * ( 1 - -13.52% )	/	( (19790	+	20227.2)	/ 2 )
=	1264.6128	/	20008.6
=	6.32 %

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	))
=	22654.4	-	2403.9	-	( 591	-	max(0, 4696.3	-	5156.8	+	591	))
=	19790

	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	))
=	23032.8	-	2456.8	-	( 348.8	-	max(0, 3873.7	-	4745	+	348.8	))
=	20227.2

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

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

The Mosaic Co'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 )
=	1500.4	/	( ( (13363.5 + max(620.6, 0))	+	(13815.2 + max(714.6, 0)) )	/	2 )
=	1500.4	/	( ( 13984.1	+	14529.8 )	/	2 )
=	1500.4	/	14256.95
=	10.52 %

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)
=	(1223.4	+	2453.2	+	328)	-	(2403.9	+	415.7	+	564.4)
=	620.6

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1135.5	+	2523.2	+	334.5)	-	(2456.8	+	261.8	+	560)
=	714.6

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:

The Mosaic Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1514.9	/	13428.561
	=	11.28 %

The Mosaic Co EBIT Related Terms

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The Mosaic Co (The Mosaic Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Mosaic Co (NYSE:MOS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MOS:Mexico 02M:Germany MOSC34:Brazil

Address

101 East Kennedy Boulevard, Suite 2500, Tampa, FL, USA, 33602

Website

https://www.mosaicco.com

Formed in 2004 by the combination of IMC Global and Cargill's fertilizer business, Mosaic is one of the largest phosphate and potash producers in the world. The company's assets include phosphate rock mines in Florida, Brazil, and Peru and potash mines in Saskatchewan, New Mexico, and Brazil. Mosaic also runs a large fertilizer distribution operation in Brazil through its Mosiac Fertilizantes business, which the company acquired from Vale in 2018.

Executives

Philip Eugene Bauer	officer: Sr. VP, Gen Counsel & Corp Sec	101 EAST KENNEDY BOULEVARD, SUITE 2500, TAMPA FL 33602
Teixeira Joao Roberto Goncalves	director	101 EAST KENNEDY BOULEVARD, SUITE 2500, TAMPA FL 33602
Russell A Flugel	officer: Principal Accounting Officer	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
Denise C Johnson	director	C/O CATERPILLAR, INCORPORATED, 901 WEST WASHINGTON, CV41110, EAST PEORIA IL 61630
Gregory L Ebel	director
Precourt Walter F. Iii	officer: Senior VP - Potash Operations	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
Ricard Corrine D.	officer: Senior VP - Human Resources	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
Mark J. Isaacson	officer: VP, Gen. Counsel & Corp. Sec.	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
James Calvin O'rourke	officer: EVP - Operations	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
Yijun Wang	officer: SVP-Global Strategic Marketing	101 EAST KENNEDY BOULEVARD, SUITE 2500, TAMPA FL 33602
S.a. Vale	director	PRAIA DE BOTAFOGO, 186, RIO DE JANEIRO D5 22250-145
Gretchen H Watkins	director	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BOULEVARD, SUITE 2500, TAMPA FL 33602
Benjamin James Pratt	officer: SVP - Gov. & Public Affairs	101 EAST KENNEDY BOULEVARD, SUITE 2500, TAMPA FL 33602
Oscar Bernardes	director	39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Luciano Siani Pires	director	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602