GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » U.S. Xpress Enterprises Inc (NYSE:USX) » Definitions » EBIT

U.S. Xpress Enterprises (U.S. Xpress Enterprises) EBIT : $-61 Mil (TTM As of Mar. 2023)


View and export this data going back to 2018. Start your Free Trial

What is U.S. Xpress Enterprises EBIT?

U.S. Xpress Enterprises's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. U.S. Xpress Enterprises's annualized ROC % for the quarter that ended in Mar. 2023 was -6.86%. U.S. Xpress Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -12.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -5.18%.


U.S. Xpress Enterprises EBIT Historical Data

The historical data trend for U.S. Xpress Enterprises'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.

U.S. Xpress Enterprises EBIT Chart

U.S. Xpress Enterprises Annual Data
Trend Dec05 Dec06 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.83 18.98 41.55 25.49 -38.29

U.S. Xpress Enterprises Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -7.47 4.56 -22.76 -12.63 -30.31

Competitive Comparison of U.S. Xpress Enterprises's EBIT

For the Trucking subindustry, U.S. Xpress Enterprises'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.


U.S. Xpress Enterprises's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, U.S. Xpress Enterprises's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where U.S. Xpress Enterprises's EV-to-EBIT falls into.



U.S. Xpress Enterprises 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-61 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.


U.S. Xpress Enterprises  (NYSE:USX) EBIT Explanation

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

U.S. Xpress Enterprises's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-119.416 * ( 1 - 26.72% )/( (1273.173 + 1276.264)/ 2 )
=-87.5080448/1274.7185
=-6.86 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=1381.465 - 237.667 - ( 2.275 - max(0, 466.778 - 337.403+2.275))
=1273.173

Invested Capital(Q: Mar. 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))
=1349.759 - 197.64 - ( 2.963 - max(0, 423.891 - 299.746+2.963))
=1276.264

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

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

U.S. Xpress Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-121.248/( ( (916.299 + max(79.785, 0)) + (923.227 + max(83.065, 0)) )/ 2 )
=-121.248/( ( 996.084 + 1006.292 )/ 2 )
=-121.248/1001.188
=-12.11 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(222.794 + 8.41 + 86.248) - (237.667 + 0 + 0)
=79.785

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(207.934 + 7.957 + 64.814) - (197.64 + 0 + 5.6843418860808E-14)
=83.065

When net working capital is negative, 0 is used.

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

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

U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-61.138/1180.769
=-5.18 %

* 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.


U.S. Xpress Enterprises EBIT Related Terms

Thank you for viewing the detailed overview of U.S. Xpress Enterprises's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


U.S. Xpress Enterprises (U.S. Xpress Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
4080 Jenkins Road, Chattanooga, TN, USA, 37421
U.S. Xpress Enterprises Inc provides transportation services throughout the United States, with a focus on the densely populated and economically diverse eastern half of the United States. The Company offers its customers a broad portfolio of services using its own asset-based truckload fleet and third-party carriers through its asset-light freight brokerage network. The Company has two reportable segments; the Truckload segment offers asset-based truckload services, including over-the-road (OTR) trucking and dedicated contract services, and the Brokerage segment is engaged in asset-light freight brokerage services, where loads are contracted to third-party carriers.
Executives
Nathan H Harwell officer: EVP, Chief Legal Off., Sec. 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Amanda R Thompson officer: EVP - People and Safety 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Justin C Harness officer: EVP - Operations 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Jason Grear officer: EVP - Accounting & Finance 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Eric A. Peterson officer: Chief Financial Off. & Treas. 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Max L. Fuller 2008 Irrevocable Trust Fbo William E. Fuller 10 percent owner 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Janice Fuller 10 percent owner, other: Co-Trustee 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Fuller Family Enterprises, Llc 10 percent owner 4080 JENKINS ROAD, CHATTANOOGA TN 37421
William Eric Fuller director, 10 percent owner, officer: President & CEO, other: Co-Trustee & Managing GP 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Edward Hall Braman director 3310 WEST END AVENUE, SUITE 700, NASHVILLE TN 37203
Dennis Alan Nash director 4450 BELDEN VILLAGE ST. NW #800, CANTON OH 44718
Jon Beizer director 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Jennifer Buckner director 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Michael L Ducker director P O BOX 813, LIBERTY CORNER NJ 07938
John C Rickel director 4080 JENKINS ROAD, CHATTANOOGA TN 37421

U.S. Xpress Enterprises (U.S. Xpress Enterprises) Headlines