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Odyssey Marine Exploration (Odyssey Marine Exploration) EBIT : $7.52 Mil (TTM As of Jun. 2023)


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What is Odyssey Marine Exploration EBIT?

Odyssey Marine Exploration's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-3.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $7.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Odyssey Marine Exploration's annualized ROC % for the quarter that ended in Jun. 2023 was -103.89%. Odyssey Marine Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -528.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Odyssey Marine Exploration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 6.68%.


Odyssey Marine Exploration EBIT Historical Data

The historical data trend for Odyssey Marine Exploration'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.

Odyssey Marine Exploration EBIT Chart

Odyssey Marine Exploration Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.96 -10.14 -14.18 -5.30 -16.80

Odyssey Marine Exploration Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 -2.99 -3.73 -3.22 18.17 -3.71

Competitive Comparison of Odyssey Marine Exploration's EBIT

For the Specialty Business Services subindustry, Odyssey Marine Exploration'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.


Odyssey Marine Exploration's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Odyssey Marine Exploration's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Odyssey Marine Exploration's EV-to-EBIT falls into.



Odyssey Marine Exploration 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.52 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.


Odyssey Marine Exploration  (NAS:OMEX) EBIT Explanation

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

Odyssey Marine Exploration's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-12.588 * ( 1 - 0.04% )/( (11.906 + 12.317)/ 2 )
=-12.5829648/12.1115
=-103.89 %

where

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

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

Odyssey Marine Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-14.836/( ( (2.851 + max(-33.176, 0)) + (2.768 + max(-36.86, 0)) )/ 2 )
=-14.836/( ( 2.851 + 2.768 )/ 2 )
=-14.836/2.8095
=-528.07 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1.072) - (33.809 + 0 + 0.439)
=-33.176

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.992) - (37.417 + 0 + 0.435)
=-36.86

When net working capital is negative, 0 is used.

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

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

Odyssey Marine Exploration's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=7.519/112.616
=6.68 %

* 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.


Odyssey Marine Exploration EBIT Related Terms

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Odyssey Marine Exploration (Odyssey Marine Exploration) Business Description

Traded in Other Exchanges
Address
205 South Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609
Odyssey Marine Exploration Inc is a deep-ocean exploration company. It is engaged in the discovery, validation, and development of subsea mineral deposits in a socially and environmentally responsible manner. The company works with governments worldwide to identify mineral resources in Exclusive Economic Zones, focusing on phosphorite (fertilizer) and polymetallic nodule (battery metals) projects.
Executives
John Abbott director 101 20TH ST, APT 2706, MIAMI FL 33139
Laura Lionetti Barton officer: EVP, Secretary, Corp Comm 5215 WEST LAUREL STREET, TAMPA FL 33607
Mark B Justh director 5215 WEST LAUREL STREET, TAMPA FL 33607
Christopher Emlyn Jones officer: Chief Financial Officer 205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Fourworld Capital Management Llc 10 percent owner 7 WORLD TRADE CENTER, FL. 46, NEW YORK NY 10007
John Addis 10 percent owner 7 WORLD TRADE CENTER, FLOOR 46, NEW YORK NY 10007
Todd E Siegel director 2003 GANDY BLVD. NORTH, SUITE 800, ST. PETERSBURG FL 33702
Longley John D Jr officer: Chief Operating Officer 5215 WEST LAUREL STREET, TAMPA FL 33607
Jon D Sawyer director 29491 CAMELBACK DRIVE, EVERGREEN CO 80439
James S Pignatelli director 2300 E SLINGSHOT WAY, KAMAS UT 84036
Mark Gordon director, officer: CEO and President 5215 WEST LAUREL STREET, TAMPA FL 33607
Jay Nudi officer: CFO/Treasurer 5215 WEST LAUREL STREET, TAMPA FL 33607
David J Saul director 18 DEVONSHIRE BAY ROAD, DEVONSHIRE D0 DV07
Philip S Devine officer: Chief Financial Officer 5215 WEST LAUREL STREET, TAMPA FL 33607
Michael J Holmes officer: Chief Financial Officer 5215 W LAUREL ST, TAMPA FL 33607