Teck Resources (Teck Resources) EBIT : $2,915 Mil (TTM As of Dec. 2023)

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What is Teck Resources EBIT?

Teck Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $517 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,915 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Teck Resources's annualized ROC % for the quarter that ended in Dec. 2023 was 3.64%. Teck Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Teck Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.79%.

Teck Resources EBIT Historical Data

The historical data trend for Teck Resources'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.

Teck Resources EBIT Chart

Teck Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-288.56

-802.56

3,646.88

4,817.81

2,939.77

Teck Resources 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															433.57	1,356.43	605.90	435.30	517.29

Competitive Comparison of Teck Resources's EBIT

For the Other Industrial Metals & Mining subindustry, Teck Resources'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.

Teck Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Teck Resources's EV-to-EBIT distribution charts can be found below:

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

Teck Resources 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 $2,915 Mil.

Teck Resources (NYSE:TECK) EBIT Explanation

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

Teck Resources'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 )
=	2370.304 * ( 1 - 42.94% )	/	( (36003.991	+	38394.455)	/ 2 )
=	1352.4954624	/	37199.223
=	3.64 %

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	))
=	40489.986	-	3644.963	-	( 992.536	-	max(0, 4146.774	-	4987.806	+	992.536	))
=	36003.991

	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	))
=	41885.063	-	3063.506	-	( 554.562	-	max(0, 4391.771	-	4818.873	+	554.562	))
=	38394.455

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

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

Teck Resources'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 )
=	2069.172	/	( ( (32507.575 + max(271.23, 0))	+	(33963.178 + max(331.694, 0)) )	/	2 )
=	2069.172	/	( ( 32778.805	+	34294.872 )	/	2 )
=	2069.172	/	33536.8385
=	6.17 %

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)
=	(1282.98	+	2186.091	+	447.122)	-	(3644.963	+	0	+	0)
=	271.23

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1562.314	+	2195.886	+	436.046)	-	(3063.506	+	20.125	+	778.921)
=	331.694

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2914.919	/	33153.315
	=	8.79 %

Teck Resources EBIT Related Terms

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Teck Resources (Teck Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teck Resources Ltd (NYSE:TECK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TCKRF:USA TECK:Mexico TEKB:Germany TECK.B:Canada TECK.A:Canada

Address

550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3

Website

https://www.teck.com

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.