Siem Industries (Siem Industries) EBIT : $19.8 Mil (TTM As of Jun. 2019)

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What is Siem Industries EBIT?

Siem Industries's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2019 was $-85.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was $19.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Siem Industries's annualized ROC % for the quarter that ended in Jun. 2019 was -0.07%. Siem Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -8.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Siem Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 4.45%.

Siem Industries EBIT Historical Data

The historical data trend for Siem Industries'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.

Siem Industries EBIT Chart

Siem Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

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270.40

224.77

-46.02

60.07

70.76

Siem Industries Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
EBIT	Get a 7-Day Free Trial											1.45	58.62	-34.11	104.87	-85.04

Competitive Comparison of Siem Industries's EBIT

For the Marine Shipping subindustry, Siem Industries'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.

Siem Industries's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Siem Industries's EV-to-EBIT distribution charts can be found below:

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

Siem Industries 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. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was $19.8 Mil.

Siem Industries (OTCPK:SEMUF) EBIT Explanation

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

Siem Industries's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

	ROC % (Q: Jun. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2018 )	+	Invested Capital (Q: Jun. 2019 ))	/ count )
=	-2.738 * ( 1 - 1.18% )	/	( (3789.001	+	3760.017)	/ 2 )
=	-2.7056916	/	3774.509
=	-0.07 %

where

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	4086.787	-	145.059	-	( 152.727	-	max(0, 404.223	-	627.776	+	152.727	))
=	3789.001

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	4033.255	-	165.494	-	( 132.363	-	max(0, 396.347	-	504.091	+	132.363	))
=	3760.017

Note: The Operating Income data used here is two times the semi-annual (Jun. 2019) data.

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

Siem Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2018		Q: Jun. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-170.076	/	( ( (1964.734 + max(198.422, 0))	+	(1809.804 + max(116.281, 0)) )	/	2 )
=	-170.076	/	( ( 2163.156	+	1926.085 )	/	2 )
=	-170.076	/	2044.6205
=	-8.32 %

where Working Capital is:

	Working Capital		(Q: Dec. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(74.915	+	19.385	+	372.265)	-	(145.059	+	0	+	123.084)
=	198.422

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	371.728)	-	(165.494	+	0	+	89.953)
=	116.281

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2019) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2019 )
	=	19.83	/	446.077
	=	4.45 %

Siem Industries EBIT Related Terms

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Siem Industries (Siem Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Siem Industries Inc (OTCPK:SEMUF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ugland House, South Church Street, P.O. Box 309, George Town, Grand Cayman, CYM, KY1-1104

Website

https://www.siemindustries.com

Siem Industries Inc is a diversified industrial holding company that operates through autonomous affiliates. The company has segregated its operations into Offshore Support Vessels, Reefer Vessels and Car Carriers, Cable-lay for Offshore Wind Farms (OWF), Scientific Core-Drilling, Shipbuilding, Potash-Mining and Corporate and Other. The company hold interests in several industrial areas including the oil and gas services industry and renewable energy sector, ocean transportation of refrigerated cargoes and automobiles, potash mining and finance. It generates maximum revenue from the Offshore Support Vessels segment.

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