Highwater Ethanol LLC (Highwater Ethanol LLC) EBIT : $15.5 Mil (TTM As of Jan. 2024)

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What is Highwater Ethanol LLC EBIT?

Highwater Ethanol LLC's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $0.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $15.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highwater Ethanol LLC's annualized ROC % for the quarter that ended in Jan. 2024 was 3.46%. Highwater Ethanol LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 10.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highwater Ethanol LLC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 26.23%.

Highwater Ethanol LLC EBIT Historical Data

The historical data trend for Highwater Ethanol LLC'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.

Highwater Ethanol LLC EBIT Chart

Highwater Ethanol LLC Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

EBIT

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-7.40

-5.68

14.26

33.61

16.97

Highwater Ethanol LLC 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															2.40	1.80	6.76	6.01	0.89

Competitive Comparison of Highwater Ethanol LLC's EBIT

For the Oil & Gas Refining & Marketing subindustry, Highwater Ethanol LLC'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.

Highwater Ethanol LLC's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Highwater Ethanol LLC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Highwater Ethanol LLC's EV-to-EBIT falls into.

Highwater Ethanol LLC 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.5 Mil.

Highwater Ethanol LLC (GREY:HEOL) EBIT Explanation

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

Highwater Ethanol LLC'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 )
=	1.412 * ( 1 - 0% )	/	( (39.196	+	42.474)	/ 2 )
=	1.412	/	40.835
=	3.46 %

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	))
=	101.039	-	20.323	-	( 41.52	-	max(0, 20.565	-	62.248	+	41.52	))
=	39.196

	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	))
=	80.728	-	15.421	-	( 22.833	-	max(0, 15.624	-	42.661	+	22.833	))
=	42.474

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

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

Highwater Ethanol LLC'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 )
=	3.556	/	( ( (33.213 + max(-0.717, 0))	+	(32.492 + max(3.715, 0)) )	/	2 )
=	3.556	/	( ( 33.213	+	36.207 )	/	2 )
=	3.556	/	34.71
=	10.24 %

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)
=	(1.813	+	16.113	+	1.68)	-	(20.323	+	0	+	0)
=	-0.717

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.944	+	16.036	+	1.156)	-	(15.421	+	0	+	1.7763568394003E-15)
=	3.715

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:

Highwater Ethanol LLC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	15.458	/	58.933
	=	26.23 %

Highwater Ethanol LLC EBIT Related Terms

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Highwater Ethanol LLC (Highwater Ethanol LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Highwater Ethanol LLC (GREY:HEOL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

24500 US Highway 14, P.O. Box 96, Lamberton, MN, USA, 56152

Website

http://www.highwaterethanol.com

Highwater Ethanol LLC is engaged in the production of ethanol and distillers grains at the plant. It focuses on the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process. Its products include fuel-grade ethanol, distillers grains, and corn oil. The company produces and sells fuel ethanol and co-products of the fuel ethanol production process in the continental United States.

Executives

Gerald R Forsythe	director	600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Mark Warren Pankonin	director	23620 COUNTY ROAD 4 LAMBERTON MN 56152
David Richard Eis	officer: Governor	26116 GARDEN AVE WABASSO MN 56293
Lucas Grant Schneider	officer: Chief Financial Officer	2858 LINDEN AVENUE SLAYTON MN 56172
Luke T Spalj	other: Govenor	1360 POST OAK BLVD, STE 2100, HOUSTON TX 77056
Scott A Brittenham	director	4400 E. BROADWAY SUITE 600 TUSCON AZ 85711
Rex Roehl	director	600 NORTH BUFFALO GROVE ROAD, SUITE 300 BUFFALO GROVE IL 60089
Mark W Peterson	officer: CFO	712 W VICTORY LANE SIOUX FALLS SD 57108
Jason Ray Fink	director	3903 COVEY TR MINNETRISTA MN 55375
George Michael Goblish	director	32866 DAYTON AVENUE VESTA MN 56292
Ronald Eric Jorgenson	director	33689 CO ROAD 4 JEFFERS MN 56145
Brian D Kletscher	director, officer: CEO	26161 140TH ST LAMBERTON MN 56152
Michael John Landuyt	director	13526 CAMP AVENUE WALNUT GROVE MN 56180
Todd Allen Reif	director	123 SAVANNAH HEIGHTS BLVD LYND MN 56175
Monica Rose Anderson	director	2736 211TH STREET WALNUT GROVE MN 56180

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