Valaris (Valaris) EBIT

: $153 Mil (TTM As of Dec. 2023)

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Valaris's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $153 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Valaris's annualized ROC % for the quarter that ended in Dec. 2023 was 98.19%. Valaris's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Valaris's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.80%.

Valaris EBIT Historical Data

The historical data trend for Valaris'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.

Valaris Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

364.50

-4,826.40

270.20

153.10

Valaris Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial											51.40	32.10	13.90	47.10	60.00

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Valaris'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.

Valaris EV-to-EBIT Distribution

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

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

Valaris 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 $153 Mil.

Valaris (NYSE:VAL) EBIT Explanation

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

Valaris'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 )
=	120 * ( 1 - -2063.19% )	/	( (1982.1	+	3305.5)	/ 2 )
=	2595.828	/	2643.8
=	98.19 %

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	))
=	3484.9	-	497.4	-	( 1041.1	-	max(0, 723	-	1728.4	+	1041.1	))
=	1982.1

	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	))
=	4322.2	-	488.8	-	( 620.5	-	max(0, 744.3	-	1272.2	+	620.5	))
=	3305.5

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

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

Valaris'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 )
=	240	/	( ( (1159.9 + max(-75.6, 0))	+	(1633.8 + max(-149.5, 0)) )	/	2 )
=	240	/	( ( 1159.9	+	1633.8 )	/	2 )
=	240	/	1396.85
=	17.18 %

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)
=	(435.5	+	0	+	194.9)	-	(497.4	+	103.4	+	105.2)
=	-75.6

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(375.2	+	0	+	192.4)	-	(488.8	+	116.2	+	112.1)
=	-149.5

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	153.1	/	5470.421
	=	2.80 %

Valaris EBIT Related Terms

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Valaris (Valaris) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Valaris Ltd (NYSE:VAL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Church Street, Claredon House, Hamilton, BMU, HM 11

Website

https://www.valaris.com

Valaris Ltd is the industry leader in offshore drilling services across all water depths and geographies. It is a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups.

Executives

Grable Colleen	officer: Controller	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Oak Hill Advisors Lp	10 percent owner	1 VANDERBILT AVE, 16TH FLOOR, NEW YORK NY 10017
Kristian Johansen	director	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77024
Catherine Hughes	director	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Matthew Lyne	officer: SVP - CCO	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Christopher T Weber	officer: SVP - CFO	5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Gunnar W. Eliassen	director	C/O QUINTANA MINERALS CORPORATION, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Davor Vudakin	officer: SVP & General Counsel	C/O VALARIS LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Darin Gibbins	officer: Interim CFO and VP	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Anton Dibowitz	director	C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Joseph Goldschmid	director, other: See Remarks	C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000
Elizabeth Leykum	director	C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192
Deepak Munganahalli	director	C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000
Dick Fagerstal	director	C/O SEACOR HOLDINGS INC., 460 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10022
Oak Hill Advisors Genpar, L.p.	10 percent owner	1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036