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Rowan (RDC) EBIT : $-242.7 Mil (TTM As of Dec. 2018)


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What is Rowan EBIT?

Rowan's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2018 was $-32.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was $-242.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rowan's annualized ROC % for the quarter that ended in Dec. 2018 was -1.13%. Rowan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was -2.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rowan's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was -17.44%.


Rowan EBIT Historical Data

The historical data trend for Rowan'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.

Rowan EBIT Chart

Rowan Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -165.67 303.03 481.10 255.00 -242.70

Rowan Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 148.00 -67.60 -41.70 -101.40 -32.00

Competitive Comparison of Rowan's EBIT

For the Oil & Gas Drilling subindustry, Rowan'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.


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

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

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



Rowan 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-242.7 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.


Rowan  (NYSE:RDC) EBIT Explanation

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

Rowan's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

ROC % (Q: Dec. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2018 ) + Invested Capital (Q: Dec. 2018 ))/ count )
=-402.4 * ( 1 - 80.06% )/( (7056.5 + 7097.1)/ 2 )
=-80.23856/7076.8
=-1.13 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2018) data.

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

Rowan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2018  Q: Dec. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-128/( ( (6438.1 + max(39.3, 0)) + (6201 + max(1.6999999999998, 0)) )/ 2 )
=-128/( ( 6477.4 + 6202.7 )/ 2 )
=-128/6340.05
=-2.02 %

where Working Capital is:

Working Capital(Q: Sep. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(260.1 + 0 + 31.4) - (182.9 + 17.8 + 51.5)
=39.3

Working Capital(Q: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(231.7 + 0 + 22.4) - (173.9 + 16.7 + 61.8)
=1.6999999999998

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2018 )
=-242.7/1391.330
=-17.44 %

* 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.


Rowan EBIT Related Terms

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Rowan (RDC) Business Description

Traded in Other Exchanges
N/A
Address
2800 Post Oak Boulevard, Suite 5450, Houston, TX, USA, 77056-6189
Rowan Companies has been drilling for oil and gas for 90 years, serving oil and gas companies globally. In 2011 and 2012, the firm entered the deep-water market with four new rig orders. Rowan now operates 29 offshore drilling units, which includes 25 jackup drilling units, and four ultra-deepwater drillships.
Executives
Charles L Szews director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Stephen M Butz officer: EVP & CFO C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046
Alan Quintero officer: SVP - Business Development 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Thomas Peter Burke director, officer: President & CEO 2800 POST OAK BLVD, HOUSTON TX 77056
Thomas R Hix director C/O COOPER CAMERON, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Suzanne P Nimocks director 2800 POST OAK BLVD, SUITE 5450, HOUSTON TX 77056
Dennis S Baldwin officer: Chief Accounting Officer 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
John J Quicke director C/O SEQUA CORP, 200 PARK AVENUE, 44TH FL, NEW YORK NY 10166
Tore I Sandvold director C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
William E Albrecht director 9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Jack B Moore director 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Thierry Pilenko director 10300 TOWN PARK DRIVE, HOUSTON TX 77072
P Dexter Peacock director PO BOX 4544, PO BOX 4544, HOUSTON TX 77210-4544
Melanie Montague Trent officer: EVP, General Counsel & CAO 2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056
W Matt Ralls director, officer: Executive Chairman ROWAN COMPANIES, HOUSTON TX 77002