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Otter Tail (Otter Tail) EBIT : $401 Mil (TTM As of Dec. 2023)


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What is Otter Tail EBIT?

Otter Tail's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $401 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Otter Tail's annualized ROC % for the quarter that ended in Dec. 2023 was 8.70%. Otter Tail's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Otter Tail's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.53%.


Otter Tail EBIT Historical Data

The historical data trend for Otter Tail'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.

Otter Tail EBIT Chart

Otter Tail 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 135.70 150.50 250.59 393.55 401.17

Otter Tail 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 58.03 85.20 111.73 125.88 78.36

Competitive Comparison of Otter Tail's EBIT

For the Utilities - Diversified subindustry, Otter Tail'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.


Otter Tail's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Otter Tail's EV-to-EBIT distribution charts can be found below:

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



Otter Tail 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 $401 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.


Otter Tail  (NAS:OTTR) EBIT Explanation

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

Otter Tail'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 )
=294.22 * ( 1 - 16.25% )/( (2812.415 + 2853.043)/ 2 )
=246.40925/2832.729
=8.70 %

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))
=3187.469 - 185.84 - ( 189.214 - max(0, 310.033 - 556.75+189.214))
=2812.415

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))
=3242.568 - 159.152 - ( 230.373 - max(0, 309.757 - 570.17+230.373))
=2853.043

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

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

Otter Tail'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 )
=313.456/( ( (2387.26 + max(87.568, 0)) + (2418.375 + max(83.576, 0)) )/ 2 )
=313.456/( ( 2474.828 + 2501.951 )/ 2 )
=313.456/2488.3895
=12.60 %

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)
=(171.745 + 142.007 + 32.354) - (185.84 + 0 + 72.698)
=87.568

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(129.257 + 149.701 + 32.953) - (159.152 + 0 + 69.183)
=83.576

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:

Otter Tail's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=401.167/4208.598
=9.53 %

* 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.


Otter Tail EBIT Related Terms

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Otter Tail (Otter Tail) Business Description

Traded in Other Exchanges
Address
215 South Cascade Street, P.O. Box 496, Fergus Falls, MN, USA, 56538-0496
Otter Tail Corp is a U.S. energy company that primarily operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.
Executives
John D Erickson director, officer: President & CEO 215 S CASCADE ST, FERGUS FALLS MN 56537
Mary E Ludford director 215 S CASCADE STREET, FERGUS FALLS MN 56537
Jeanne H Crain director 215 S CASCADE STREET, FERGUS FALLS MN 56537
Michael E Lebeau director 215 S CASCADE STREET, FERGUS FALLS MN 56537
Timothy J O'keefe director 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
John S Abbott officer: Pres Varistar, Sr VP, M/I Plat 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Paul L Knutson officer: VP of Human Resources 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Kevin G Moug officer: CFO & Treasurer 215 S CASCADE ST, FERGUS FALLS MN 56537
Thomas J Webb director ONE ENERGY PLAZA, JACKSON MI 49201
Jennifer O. Smestad officer: VP, Gen Coun & Corp Sec 215 S. CASCADE STREET, FERGUS FALLS MN 56537
George A Koeck officer: Corp Secretary & Gen Counsel 215 S CASCADE ST, FERGUS FALLS MN 56537
Timothy J Rogelstad officer: Sr VP, Elect Plat; Pres OTP 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Steven L Fritze director 370 WBASHA ST NORTH, ST PAUL MN 55102
Arvid R Liebe director 215 S CASCADE ST, FERGUS FALLS MN 56537
Kathryn O Johnson director 215 S CASCADE STREET, FERGUS FALLS MN 56537-2801

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