Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) EBIT

: $37,743 Mil (TTM As of Dec. 2023)

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Petroleo Brasileiro Petrobras's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $7,979 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $37,743 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Petroleo Brasileiro Petrobras's annualized ROC % for the quarter that ended in Dec. 2023 was 9.63%. Petroleo Brasileiro Petrobras's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Petroleo Brasileiro Petrobras's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.52%.

Petroleo Brasileiro Petrobras EBIT Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

18,322.78

5,603.53

32,722.31

57,295.42

38,644.94

Petroleo Brasileiro Petrobras Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																11,276.54	11,550.10	9,257.34	8,956.70	7,978.74

Competitive Comparison

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras EV-to-EBIT Distribution

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

* The bar in red indicates where Petroleo Brasileiro Petrobras's EV-to-EBIT falls into.

Petroleo Brasileiro Petrobras 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 $37,743 Mil.

Petroleo Brasileiro Petrobras (NYSE:PBR) EBIT Explanation

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

Petroleo Brasileiro Petrobras'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 )
=	24844.188 * ( 1 - 22.81% )	/	( (195552.635	+	202717.523)	/ 2 )
=	19177.2287172	/	199135.079
=	9.63 %

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	))
=	208814.346	-	14740.22	-	( 13672.635	-	max(0, 31473.878	-	29995.369	+	13672.635	))
=	195552.635

	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	))
=	215002.564	-	13686.583	-	( 15398.148	-	max(0, 33537.971	-	32136.429	+	15398.148	))
=	202717.523

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

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

Petroleo Brasileiro Petrobras'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 )
=	31914.976	/	( ( (147719.315 + max(-5138.072, 0))	+	(151964.847 + max(-6554.067, 0)) )	/	2 )
=	31914.976	/	( ( 147719.315	+	151964.847 )	/	2 )
=	31914.976	/	149842.081
=	21.30 %

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)
=	(5193.134	+	8045.126	+	1870.058)	-	(14740.22	+	0	+	5506.17)
=	-5138.072

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6076.653	+	7607.949	+	1886.883)	-	(13686.583	+	0	+	8438.969)
=	-6554.067

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:

Petroleo Brasileiro Petrobras's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	37742.88	/	153904.442
	=	24.52 %

Petroleo Brasileiro Petrobras EBIT Related Terms

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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (NYSE:PBR) » Definitions » EBIT

Traded in Other Exchanges

PBR.A:USA PBRN:Mexico PBRA:Mexico XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.