Resolute Forest Products (TSX:RFP) EBIT : C$727 Mil (TTM As of Sep. 2022)

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What is Resolute Forest Products EBIT?

Resolute Forest Products's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was C$211 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was C$727 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Resolute Forest Products's annualized ROC % for the quarter that ended in Sep. 2022 was 8.75%. Resolute Forest Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 35.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Resolute Forest Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 31.91%.

Resolute Forest Products EBIT Historical Data

The historical data trend for Resolute Forest Products'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.

Resolute Forest Products EBIT Chart

Resolute Forest Products Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

Get a 7-Day Free Trial

70.23

583.12

55.31

121.69

672.00

Resolute Forest Products Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial															158.39	-120.32	345.62	290.65	210.76

Competitive Comparison of Resolute Forest Products's EBIT

For the Paper & Paper Products subindustry, Resolute Forest Products'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.

Resolute Forest Products's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Resolute Forest Products's EV-to-EBIT distribution charts can be found below:

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

Resolute Forest Products 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$727 Mil.

Resolute Forest Products (TSX:RFP) EBIT Explanation

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

Resolute Forest Products's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	656.28 * ( 1 - 43.14% )	/	( (4218.918	+	4312.499)	/ 2 )
=	373.160808	/	4265.7085
=	8.75 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	5168.975	-	495.515	-	( 454.542	-	max(0, 641.48	-	1765.672	+	454.542	))
=	4218.918

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	5406.297	-	498.879	-	( 594.919	-	max(0, 669.618	-	1948.828	+	594.919	))
=	4312.499

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Resolute Forest Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	843.024	/	( ( (1702.932 + max(614.593, 0))	+	(1772.753 + max(616.262, 0)) )	/	2 )
=	843.024	/	( ( 2317.525	+	2389.015 )	/	2 )
=	843.024	/	2353.27
=	35.82 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(402.046	+	766.96	+	74.263)	-	(495.515	+	0	+	133.161)
=	614.593

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(396.168	+	812.345	+	65.362)	-	(498.879	+	0	+	158.734)
=	616.262

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

Resolute Forest Products's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	726.705	/	2277.378
	=	31.91 %

Resolute Forest Products EBIT Related Terms

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Resolute Forest Products (TSX:RFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Resolute Forest Products Inc (TSX:RFP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1010 De La Gauchetiere Street West, Suite 400, Montreal, QC, CAN, H3B 2N2

Website

https://www.resolutefp.com

Resolute Forest Products Inc is engaged in the forest products industry with a range of products, including market pulp, tissue, wood products, newsprint, and specialty papers. The product range includes market pulp, tissue, wood products, newsprint and specialty papers which are marketed to nearly 50 countries. The company owns or operates pulp, paper, tissue and wood products facilities in the United States and Canada.