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ION Geophysical (ION Geophysical) EBIT : $-20.4 Mil (TTM As of Sep. 2021)


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What is ION Geophysical EBIT?

ION Geophysical's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2021 was $5.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was $-20.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ION Geophysical's annualized ROC % for the quarter that ended in Sep. 2021 was -2.43%. ION Geophysical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 60.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ION Geophysical's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -13.57%.


ION Geophysical EBIT Historical Data

The historical data trend for ION Geophysical'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.

ION Geophysical EBIT Chart

ION Geophysical Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -41.82 -12.64 -54.71 -26.08 -7.69

ION Geophysical Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 -11.69 -4.06 -10.84 -11.45 5.92

Competitive Comparison of ION Geophysical's EBIT

For the Oil & Gas Equipment & Services subindustry, ION Geophysical'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.


ION Geophysical's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



ION Geophysical 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-20.4 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.


ION Geophysical  (OTCPK:IOGPQ) EBIT Explanation

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

ION Geophysical's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

ROC % (Q: Sep. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Sep. 2021 ))/ count )
=27.096 * ( 1 - 113.82% )/( (154.023 + 154.572)/ 2 )
=-3.7446672/154.2975
=-2.43 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

ION Geophysical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23.676/( ( (39.725 + max(-38.746, 0)) + (38.963 + max(-49.104, 0)) )/ 2 )
=23.676/( ( 39.725 + 38.963 )/ 2 )
=23.676/39.344
=60.18 %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.531 + 10.783 + 7.243) - (65.463 + 1.84 + 0)
=-38.746

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.89 + 10.673 + 5.808) - (78.466 + 3.009 + 1.4210854715202E-14)
=-49.104

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

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

ION Geophysical's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2021 )
=-20.429/150.544
=-13.57 %

* 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.


ION Geophysical EBIT Related Terms

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ION Geophysical (ION Geophysical) Business Description

Traded in Other Exchanges
N/A
Address
2105 CityWest Boulevard, Suite 100, Houston, TX, USA, 77042-2855
ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.
Executives
Gates Capital Management, Inc. 10 percent owner 1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Mark J Doran director 4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77006
Gary L Pittman director 4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Jeffrey L Gates 10 percent owner 1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management, L.p. 10 percent owner 1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management Gp, Llc 10 percent owner 1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Sheila M Rodermund officer: EVP, Operations Optimization 4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Shaohua Zhang director 4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77042
Lapeyre James M Jr director C/O LAITRAM CORP 220 LAITRAM LANE HARAHAN LA 70123
Christopher Theron Usher officer: EVP & COO, GeoScience 4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael L Morrison officer: Controller 4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Dale J Lambert officer: EVP, Operations Optimization 4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael Y Mcgovern director 700 LOUISIANA, STE 4300, HOUSTON TX 77002
Tina L Val director 2826 KINGS RETREAT CIRCLE, KINGWOOD TX 77345
R Brian Hanson officer: Exec. VP & CFO ION GEOPHYSICAL CORPORATION 2105 CITYWEST, BLDG 3, SUITE 100 HOUSTON TX 77042-2855

ION Geophysical (ION Geophysical) Headlines

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