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Ferrellgas Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $121 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $221 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ferrellgas Partners LP's annualized ROC % for the quarter that ended in Jan. 2024 was 36.67%. Ferrellgas Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 61.88%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ferrellgas Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 13.07%.
The historical data trend for Ferrellgas 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.
Ferrellgas Partners LP Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 113.40 | 110.81 | 105.24 | 249.93 | 236.31 |
Ferrellgas Partners LP Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
EBIT | Get a 7-Day Free Trial | 122.62 | 97.67 | -4.24 | 6.42 | 121.27 |
For the Oil & Gas Refining & Marketing subindustry, Ferrellgas 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.
For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Ferrellgas Partners LP's EV-to-EBIT falls into.
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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $221 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.
Ferrellgas Partners LP (OTCPK:FGPR) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Ferrellgas Partners LP's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:
ROC % (Q: Jan. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Oct. 2023 ) | + | Invested Capital (Q: Jan. 2024 )) | / count ) |
= | 483.208 * ( 1 - 0.32% ) | / | ( (1298.154 | + | 1328.657) | / 2 ) |
= | 481.6617344 | / | 1313.4055 | |||
= | 36.67 % |
where
Invested Capital | (Q: Oct. 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 | )) |
= | 1472.098 | - | 107.95 | - | ( 65.994 | - | max(0, 248.71 | - | 382.606 | + | 65.994 | )) |
= | 1298.154 |
Invested Capital | (Q: Jan. 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 | )) |
= | 1620.953 | - | 163.931 | - | ( 128.365 | - | max(0, 299.657 | - | 515.332 | + | 128.365 | )) |
= | 1328.657 |
Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Ferrellgas Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jan. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Oct. 2023 | Q: Jan. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 485.076 | / | ( ( (671.821 + max(99.595, 0)) | + | (676.969 + max(119.317, 0)) ) | / | 2 ) |
= | 485.076 | / | ( ( 771.416 | + | 796.286 ) | / | 2 ) |
= | 485.076 | / | 783.851 | ||||
= | 61.88 % |
where Working Capital is:
Working Capital | (Q: Oct. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (154.646 | + | 105.829 | + | 60.279) | - | (107.95 | + | 43.496 | + | 69.713) |
= | 99.595 |
Working Capital | (Q: Jan. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (230.967 | + | 100.253 | + | 59.794) | - | (163.931 | + | 35.322 | + | 72.444) |
= | 119.317 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Ferrellgas Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jan. 2024 ) |
= | 221.12 | / | 1691.606 | |
= | 13.07 % |
* 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.
Thank you for viewing the detailed overview of Ferrellgas Partners LP's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Allen G Jones | officer: VP Legal & General Counsel | C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068 |
Joe Eby | director | 13795 S. MUR-LEN RD, STE. 301, OLATHE MO 66062 |
Michael E Cole | officer: Chief Financial Officer | C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068 |
Dhiraj Cherian | officer: Chief Financial Officer | C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068 |
Edward Newberry | director | C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068 |
Ares Management Holdings L.p. | director | 2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067 |
Craig Snyder | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Management Corp | director | 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Carney Hawks | director | C/O EXTRACTION OIL & GAS, 370 17TH STREET, SUITE 5300, DENVER CO 80202 |
Ares Management Llc | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Voting Llc | director | C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Holdco Llc | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Management Gp Llc | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Partners Holdco Llc | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Brian Herrmann | officer: Interim CFO | ONE LIBERTY PLAZA, LIBERTY MO 64068 |
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