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CHS (CHSCP.PFD) EBIT : $1,263.81 Mil (TTM As of Feb. 2019)


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What is CHS EBIT?

CHS's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2019 was $303.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2019 was $1,263.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CHS's annualized ROC % for the quarter that ended in Feb. 2019 was 6.80%. CHS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2019 was 16.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CHS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2019 was 355.55%.


CHS EBIT Historical Data

The historical data trend for CHS'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.

CHS EBIT Chart

CHS Annual Data
Trend Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,278.54 838.83 515.83 61.07 820.43

CHS Quarterly Data
May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19
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 18.45 338.82 215.72 406.14 303.12

Competitive Comparison of CHS's EBIT

For the Farm Products subindustry, CHS'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.


CHS's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CHS's EV-to-EBIT distribution charts can be found below:

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



CHS 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 Feb. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,263.81 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.


CHS  (NAS:CHSCP.PFD) EBIT Explanation

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

CHS's annualized ROC % for the quarter that ended in Feb. 2019 is calculated as:

ROC % (Q: Feb. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2018 ) + Invested Capital (Q: Feb. 2019 ))/ count )
=998.58 * ( 1 - 5.18% )/( (13644.716 + 14205.838)/ 2 )
=946.853556/13925.277
=6.80 %

where

Invested Capital(Q: Nov. 2018 )
=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))
=16853.756 - 2942.888 - ( 266.152 - max(0, 6253.936 - 7187.723+266.152))
=13644.716

Invested Capital(Q: Feb. 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))
=16936.174 - 2363.029 - ( 367.307 - max(0, 6258.252 - 7390.699+367.307))
=14205.838

Note: The Operating Income data used here is four times the quarterly (Feb. 2019) data.

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

CHS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2018  Q: Feb. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1212.496/( ( (5078.307 + max(2293.774, 0)) + (5016.202 + max(2765.065, 0)) )/ 2 )
=1212.496/( ( 7372.081 + 7781.267 )/ 2 )
=1212.496/7576.674
=16.00 %

where Working Capital is:

Working Capital(Q: Nov. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1743.258 + 3184.449 + 1051.027) - (2942.888 + 459.515 + 282.557)
=2293.774

Working Capital(Q: Feb. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1415.994 + 3554.78 + 1241.548) - (2363.029 + 868.508 + 215.72)
=2765.065

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2019) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2019 )
=1263.812/355.450
=355.55 %

* 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.


CHS EBIT Related Terms

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CHS (CHSCP.PFD) Business Description

Traded in Other Exchanges
N/A
Address
5500 Cenex Drive, Inver Grove Heights, MN, USA, 55077
CHS Inc is an integrated agricultural enterprise, that provides grain, food and energy resources to businesses and consumers. Its Energy segment produces and provides wholesale distribution of petroleum products and transportation of those products. Its Ag segment, which is the key revenue driver, purchases and processes or resells grains and oilseeds; serves as a wholesaler and retailer of crop inputs; produces and markets ethanol. Its Nitrogen Production segment consists of equity method investment in CF Nitrogen, which entitles to the purchase of up to a specified quantity of granular urea and UAN annually from CF Nitrogen. Maximum revenue is generated from Ag segment.