DHT Holdings (DHT Holdings) EBIT : $195.1 Mil (TTM As of Dec. 2023)

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What is DHT Holdings EBIT?

DHT Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $44.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $195.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DHT Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 12.62%. DHT Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DHT Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.84%.

DHT Holdings EBIT Historical Data

The historical data trend for DHT 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.

DHT Holdings EBIT Chart

DHT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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129.14

305.59

14.58

88.76

195.11

DHT Holdings 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															68.39	45.82	64.67	39.89	44.73

Competitive Comparison of DHT Holdings's EBIT

For the Oil & Gas Midstream subindustry, DHT 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.

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

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

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

DHT 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $195.1 Mil.

DHT Holdings (NYSE:DHT) EBIT Explanation

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

DHT Holdings'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 )
=	177.676 * ( 1 - 0.64% )	/	( (1398.443	+	1400.297)	/ 2 )
=	176.5388736	/	1399.37
=	12.62 %

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	))
=	1497.474	-	25.111	-	( 73.92	-	max(0, 78.754	-	179.227	+	73.92	))
=	1398.443

	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	))
=	1492.223	-	17.188	-	( 74.738	-	max(0, 56.605	-	200.498	+	74.738	))
=	1400.297

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

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

DHT Holdings'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 )
=	178.908	/	( ( (1316.891 + max(74.486, 0))	+	(1290.369 + max(100.873, 0)) )	/	2 )
=	178.908	/	( ( 1391.377	+	1391.242 )	/	2 )
=	178.908	/	1391.3095
=	12.86 %

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)
=	(55.684	+	37.783	+	11.84)	-	(25.111	+	4.394	+	1.316)
=	74.486

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(75.848	+	33.806	+	16.106)	-	(17.188	+	4.394	+	3.305)
=	100.873

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	195.105	/	2207.466
	=	8.84 %

DHT Holdings EBIT Related Terms

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DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » EBIT

Comparable Companies

TNK LPG GLP GEL KNTK GLNG NVGS INSW HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.