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Par Pacific Holdings (FRA:61P) EBIT : €410 Mil (TTM As of Mar. 2024)


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What is Par Pacific Holdings EBIT?

Par Pacific Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €410 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Par Pacific Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 0.29%. Par Pacific Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Par Pacific Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 19.98%.


Par Pacific Holdings EBIT Historical Data

The historical data trend for Par Pacific Holdings'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.

Par Pacific Holdings EBIT Chart

Par Pacific Holdings 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 41.36 -295.58 -12.20 408.93 628.84

Par Pacific Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 237.57 43.24 184.43 172.14 10.58

Competitive Comparison of Par Pacific Holdings's EBIT

For the Oil & Gas Refining & Marketing subindustry, Par Pacific Holdings'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.


Par Pacific Holdings's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Par Pacific Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Par Pacific Holdings's EV-to-EBIT falls into.



Par Pacific Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €410 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.


Par Pacific Holdings  (FRA:61P) EBIT Explanation

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

Par Pacific Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=13.672 * ( 1 - 41.24% )/( (2807.433 + 2769.197)/ 2 )
=8.0336672/2788.315
=0.29 %

where

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))
=3543.242 - 479.868 - ( 255.941 - max(0, 1398.059 - 1824.367+255.941))
=2807.433

Invested Capital(Q: Mar. 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))
=3469.942 - 490.711 - ( 210.034 - max(0, 1331.941 - 1709.826+210.034))
=2769.197

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

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

Par Pacific Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=42.328/( ( (1325.837 + max(241.057, 0)) + (1330.266 + max(235.073, 0)) )/ 2 )
=42.328/( ( 1566.894 + 1565.339 )/ 2 )
=42.328/1566.1165
=2.70 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(336.767 + 1064.082 + 167.577) - (479.868 + 13.957 + 833.544)
=241.057

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(412.601 + 1042.423 + 44.768) - (490.711 + 19.829 + 754.179)
=235.073

When net working capital is negative, 0 is used.

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

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

Par Pacific Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=410.397/2054.496
=19.98 %

* 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.


Par Pacific Holdings EBIT Related Terms

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Par Pacific Holdings (FRA:61P) Business Description

Traded in Other Exchanges
Address
825 Town & Country Lane, Suite 1500, Houston, TX, USA, 77024
Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refinery, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.

Par Pacific Holdings (FRA:61P) Headlines

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