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Heritage-Crystal Clean (Heritage-Crystal Clean) EBIT : $109.7 Mil (TTM As of Jun. 2023)


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What is Heritage-Crystal Clean EBIT?

Heritage-Crystal Clean's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $13.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $109.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heritage-Crystal Clean's annualized ROC % for the quarter that ended in Jun. 2023 was 5.66%. Heritage-Crystal Clean's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 12.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 8.49%.


Heritage-Crystal Clean EBIT Historical Data

The historical data trend for Heritage-Crystal Clean'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.

Heritage-Crystal Clean EBIT Chart

Heritage-Crystal Clean Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.54 12.86 18.01 83.00 118.40

Heritage-Crystal Clean 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 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 29.09 33.05 38.71 24.02 13.88

Competitive Comparison of Heritage-Crystal Clean's EBIT

For the Waste Management subindustry, Heritage-Crystal Clean'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.


Heritage-Crystal Clean's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Heritage-Crystal Clean's EV-to-EBIT distribution charts can be found below:

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



Heritage-Crystal Clean 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 $109.7 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.


Heritage-Crystal Clean  (NAS:HCCI) EBIT Explanation

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

Heritage-Crystal Clean'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 )
=55.524 * ( 1 - 27.69% )/( (704.831 + 714.539)/ 2 )
=40.1494044/709.685
=5.66 %

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))
=811.008 - 70.839 - ( 35.338 - max(0, 118.105 - 206.541+35.338))
=704.831

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

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

Heritage-Crystal Clean'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 )
=55.524/( ( (377.265 + max(76.141, 0)) + (388.765 + max(82.448, 0)) )/ 2 )
=55.524/( ( 453.406 + 471.213 )/ 2 )
=55.524/462.3095
=12.01 %

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)
=(102.814 + 47.294 + 10.84) - (70.839 + 3.213 + 10.755)
=76.141

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(99.736 + 47.024 + 14.652) - (65.152 + 3.259 + 10.553)
=82.448

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:

Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=109.662/1291.132
=8.49 %

* 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.


Heritage-Crystal Clean EBIT Related Terms

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Heritage-Crystal Clean (Heritage-Crystal Clean) Business Description

Traded in Other Exchanges
N/A
Address
2000 Center Drive, Suite East C300, Hoffman Estates, IL, USA, 60123
Heritage-Crystal Clean In provides full-service parts cleaning, hazardous and non-hazardous bulk and containerized waste management, used oil collection, re-refining and lubricating base oil product sales, wastewater vacuum services, antifreeze collection, recycling and product sales, industrial and field services, and emergency and spill response services. It operates in two segments, Environmental Services, and Oil Business. The Environmental Services segment offers parts cleaning, containerized waste management, vacuum truck, and antifreeze recycling services, and the Oil Business segment collects used oil and sells recycled fuel oil, as well as engages in the re-refining of used oil into lubricant base oil and by-products.
Executives
Thompson Mary Patricia B director 651 S. STRATFORD DRIVE, SUITE 100, MERIDIAN ID 83642
Willmschen Robert W Jr director C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Fehsenfeld Fred M Jr director 2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214
Carmine Falcone director C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Brian Recatto director 117 THIBODEAUX DRIVE, LAFAYETTE LA 70503
Anthony R Chase director 10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Ellie Bruce officer: VP Sales & Oil C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Mark Devita officer: Chief Financial Officer C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD. SIOTE 375, ELGIN IL 60123
John Lucks officer: Senior VP Sales & Marketing C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Schumacher Paul James Jr. director 10521 HUSSEY LANE, CARMEL IN 46032
Tom Hillstrom officer: VP of Operations C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Gregory Ray officer: COO C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Joseph Chalhoub director, officer: President and CEO C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Charles E Schalliol director 300 NORTH MERIDIAN STREET, SUITE 950, INDIANAPOLIS IN 46204
Group Heritage 10 percent owner 5400 WEST 86TH STREET, P. O. BOX 68123, INDIANAPOLIS IN 46268