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Waste Connections (TSX:WCN) EBIT : C$2,063 Mil (TTM As of Sep. 2024)


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What is Waste Connections EBIT?

Waste Connections's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$655 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$2,063 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Waste Connections's annualized ROC % for the quarter that ended in Sep. 2024 was 7.75%. Waste Connections's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 22.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Waste Connections's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.65%.


Waste Connections EBIT Historical Data

The historical data trend for Waste Connections'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.

Waste Connections EBIT Chart

Waste Connections 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 1,123.66 533.23 1,194.93 1,699.88 1,687.93

Waste Connections Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 488.72 310.07 496.81 600.77 655.06

Competitive Comparison of Waste Connections's EBIT

For the Waste Management subindustry, Waste Connections'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.


Waste Connections's EV-to-EBIT Distribution in the Waste Management Industry

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

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



Waste Connections 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,063 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.


Waste Connections  (TSX:WCN) EBIT Explanation

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

Waste Connections's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=2591.296 * ( 1 - 23% )/( (25473.744 + 26036.322)/ 2 )
=1995.29792/25755.033
=7.75 %

where

Invested Capital(Q: Jun. 2024 )
=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))
=26452.741 - 1711.885 - ( 107.801 - max(0, 2426.424 - 1693.536+107.801))
=25473.744

Invested Capital(Q: Sep. 2024 )
=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))
=27221.18 - 1725.209 - ( 156.138 - max(0, 2376.013 - 1835.662+156.138))
=26036.322

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Waste Connections's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2620.22/( ( (11227.565 + max(-774.231, 0)) + (11576.248 + max(-632.158, 0)) )/ 2 )
=2620.22/( ( 11227.565 + 11576.248 )/ 2 )
=2620.22/11401.9065
=22.98 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1317.725 + 0 + 268.01) - (1711.885 + 514.795 + 133.286)
=-774.231

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1342.268 + 0 + 337.256) - (1725.209 + 511.328 + 75.145)
=-632.158

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=2062.705/77920.044
=2.65 %

* 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.


Waste Connections EBIT Related Terms

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Waste Connections Business Description

Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.
Executives
Robert Andres Nielsen Senior Officer
Edward E. Guillet Director
Philip Rivard Senior Officer
Mary Anne Whitney Senior Officer
Michael W Harlan Director
James M. Little Senior Officer
Robert Michael Cloninger Senior Officer
Andrea Elisabeth Bertone Director
Patrick J Shea Senior Officer
Eric Olin Hansen Senior Officer
Matthew Stephen Black Senior Officer
William J. Razzouk Director
Susan Rhea Netherton Senior Officer
David G Eddie Senior Officer
Jason Jon Craft Senior Officer