Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) EBIT : $271 Mil (TTM As of Dec. 2023)

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What is Calumet Specialty Products Partners LP EBIT?

Calumet Specialty Products Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $271 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Calumet Specialty Products Partners LP's annualized ROC % for the quarter that ended in Dec. 2023 was -1.34%. Calumet Specialty Products Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Calumet Specialty Products Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.38%.

Calumet Specialty Products Partners LP EBIT Historical Data

The historical data trend for Calumet Specialty Products Partners LP'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.

Calumet Specialty Products Partners LP EBIT Chart

Calumet Specialty Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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91.50

-22.00

-109.10

6.00

271.40

Calumet Specialty Products Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-36.60	68.50	32.20	159.10	11.60

Competitive Comparison of Calumet Specialty Products Partners LP's EBIT

For the Oil & Gas E&P subindustry, Calumet Specialty Products Partners LP'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.

Calumet Specialty Products Partners LP's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Calumet Specialty Products Partners LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Calumet Specialty Products Partners LP's EV-to-EBIT falls into.

Calumet Specialty Products Partners LP 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $271 Mil.

Calumet Specialty Products Partners LP (NAS:CLMT) EBIT Explanation

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

Calumet Specialty Products Partners LP's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-36 * ( 1 - -0.43% )	/	( (2795.4	+	2598)	/ 2 )
=	-36.1548	/	2696.7
=	-1.34 %

where

	Invested Capital		(Q: Sep. 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	))
=	2804.8	-	466.2	-	( 13.7	-	max(0, 1320.2	-	863.4	+	13.7	))
=	2795.4

	Invested Capital		(Q: Dec. 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	))
=	2751.3	-	471.3	-	( 7.9	-	max(0, 1112.7	-	794.7	+	7.9	))
=	2598

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

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

Calumet Specialty Products Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	46.4	/	( ( (1526.9 + max(-328.7, 0))	+	(1620.7 + max(-228.4, 0)) )	/	2 )
=	46.4	/	( ( 1526.9	+	1620.7 )	/	2 )
=	46.4	/	1573.8
=	2.95 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(285	+	447.7	+	54.2)	-	(466.2	+	0	+	649.4)
=	-328.7

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(252.4	+	439.4	+	61.2)	-	(471.3	+	0	+	510.1)
=	-228.4

When net working capital is negative, 0 is used.

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

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

Calumet Specialty Products Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	271.4	/	3237.162
	=	8.38 %

Calumet Specialty Products Partners LP EBIT Related Terms

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Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calumet Specialty Products Partners LP (NAS:CLMT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, USA, 46214

Website

https://www.calumetspecialty.com

Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments namely Specialty Products and Solutions segment manufacture and market solvents, waxes, customized lubricating oils, white oils, petrolatum's, gels, esters, and other products. In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands. The Montana/Renewables segment is comprised of two businesses - renewable diesel and specialty asphalt. The Corporate segment primarily consists of general and administrative expenses not allocated to the Specialty Products and Solutions, Performance Brands or Montana/Renewables segments.

Executives

Stephen P Mawer	director	2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
John G. Boss	director	260 HUDSON RIVER ROAD, WATERFORD NY 12188
Ryan Willman	officer: Chief Accounting Officer	2780 WATERFRONT PKWY E. DR., STE. 200, INDIANAPOLIS IN 46214
Scott Obermeier	officer: EVP - Commercial	2780 WATERFRONT PARKWAY, E. DRIVE, INDIANAPOLIS IN 46214
Daniel J Sajkowski	director	5400 WEST 86TH STREET, INDIANAPOLIS IN 46268
James S Carter	director	2780 WATERFRONT PKWY. E. DRIVE, SUITE 200, INDIANPOLIS IN 46214
Louis Todd Borgmann	officer: SVP and Interim CFO	2780 WATERFRONT PARKWAY, E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Karen A. Twitchell	director	9 COURTLANDT PLACE, HOUSTON TX 77006
Marc Lawn	officer: EVP - Performance Brands	2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Paul C Raymond	director	HERCULES PLAZA, 1313 N MARKET STREET, WILMINGTON DE 19894
Vincent Donargo	officer: Chief Accounting Officer	ONE CELADON DRIVE, 9503 E. 33RD STREET, INDIANAPOLIS IN 46235
H. Keith Jennings	officer: Chief Financial Officer	2000 ST. JAMES PLACE, HOUSTON TX 77056
A Anderson William	officer: VP - Sales and Marketing	2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214
Daniel L Sheets	director	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
David West Griffin	officer: EVP and CFO	2780 WATERFRONT PARKWAY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214