Yellow (Yellow) EBIT : $108 Mil (TTM As of Jun. 2023)

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What is Yellow EBIT?

Yellow's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $108 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yellow's annualized ROC % for the quarter that ended in Jun. 2023 was -10.24%. Yellow's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 11.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yellow's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 5.24%.

Yellow EBIT Historical Data

The historical data trend for Yellow'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.

Yellow EBIT Chart

Yellow Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

137.10

2.90

62.80

44.70

189.40

Yellow Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial															99.80	47.00	33.20	-10.30	37.70

Competitive Comparison of Yellow's EBIT

For the Trucking subindustry, Yellow'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.

Yellow's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Yellow's EV-to-EBIT distribution charts can be found below:

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

Yellow 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $108 Mil.

Yellow (OTCPK:YELLQ) EBIT Explanation

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

Yellow's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-152.4 * ( 1 - -38.68% )	/	( (1440.6	+	2686.8)	/ 2 )
=	-211.34832	/	2063.7
=	-10.24 %

where

	Invested Capital		(Q: Mar. 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	))
=	2152.2	-	556.9	-	( 154.7	-	max(0, 639.5	-	805.7	+	154.7	))
=	1440.6

	Invested Capital		(Q: Jun. 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	))
=	2147.6	-	558.8	-	( 112.8	-	max(0, 1916.6	-	818.6	+	112.8	))
=	2686.8

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

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

Yellow's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	150.8	/	( ( (1287 + max(66.9, 0))	+	(1262.8 + max(106.7, 0)) )	/	2 )
=	150.8	/	( ( 1353.9	+	1369.5 )	/	2 )
=	150.8	/	1361.7
=	11.07 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(599.2	+	0	+	51.8)	-	(556.9	+	0	+	27.2)
=	66.9

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(535.1	+	0	+	170.7)	-	(558.8	+	0	+	40.3)
=	106.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	107.6	/	2054.634
	=	5.24 %

Yellow EBIT Related Terms

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Yellow (Yellow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yellow Corp (OTCPK:YELLQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 Commerce Street, Suite 1120, Nashville, TN, USA, 37203

Website

https://www.myyellow.com

Yellow Corp is engaged in offering transportation services. It has a comprehensive less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. The company offers expertise in LTL shipments and flexible supply chain solutions, ensuring customers ship industrial, commercial and retail goods. Its revenue is primarily derived from transporting LTL shipments in the United States and it also offers other services such as truckload services, customer-specific logistics solutions, and other services.

Executives

Mary Nell Browning	director	2200 WILLOWICK ROAD, APT. 15C, HOUSTON TX 77027
Thomas A. Knott	director	103 GRACE HILL ROAD, NEWBURY NH 03255
Daniel L. Olivier	officer: Interim CFO	10990 ROE AVENUE, OVERLAND PARK KS 66211
Mfn Partners, Lp	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Farhad Nanji	10 percent owner	C/O HIGHFIELDS CAPITAL MANAGEMENT LP, 200 CLARENDON STREET, BOSTON MA 02116
Mfn Partners Management, Lp	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Michael Demichele	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Mfn Partners Gp, Llc	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Mfn Partners Management, Llc	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
David H. Webber	director	11500 OUTLOOK STREET, SUITE 400, OVERLAND PARK KS 66224
James E. Hoffman	director	325 INNES WAY, CEDAR RAPIDS IA 52403
Annlea Rumfola	officer: Chief Information Officer	501 COMMERCE STREET, SUITE 1120, NASHVILLE TN 37203
Shaunna D. Jones	director	10990 ROE AVENUE, OVERLAND PARK KS 66211
James R. Faught	officer: Chief Accounting Officer	10990 ROE AVENUE, OVERLAND PARK KS 66211
Javier L. Evans	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901