Ocean Rig UDW (FRA:9ORN) EBIT : €126.0 Mil (TTM As of Sep. 2018)

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What is Ocean Rig UDW EBIT?

Ocean Rig UDW's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2018 was €-17.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2018 was €126.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ocean Rig UDW's annualized ROC % for the quarter that ended in Sep. 2018 was -5.63%. Ocean Rig UDW's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was -4.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ocean Rig UDW's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 5.62%.

Ocean Rig UDW EBIT Historical Data

The historical data trend for Ocean Rig UDW'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.

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Ocean Rig UDW EBIT Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

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169.81

455.31

395.00

-2,776.02

206.74

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
EBIT	Get a 7-Day Free Trial															58.87	88.85	60.47	-5.46	-17.88

Competitive Comparison of Ocean Rig UDW's EBIT

For the Oil & Gas Drilling subindustry, Ocean Rig UDW'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.

Ocean Rig UDW's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Ocean Rig UDW 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was €126.0 Mil.

Ocean Rig UDW (FRA:9ORN) EBIT Explanation

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

Ocean Rig UDW's annualized ROC % for the quarter that ended in Sep. 2018 is calculated as:

	ROC % (Q: Sep. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2018 )	+	Invested Capital (Q: Sep. 2018 ))	/ count )
=	-77.728 * ( 1 - -17.47% )	/	( (1617.541	+	1626.626)	/ 2 )
=	-91.3070816	/	1622.0835
=	-5.63 %

where

	Invested Capital		(Q: Jun. 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	))
=	2291.006	-	59.487	-	( 613.978	-	max(0, 63.964	-	704.247	+	613.978	))
=	1617.541

	Invested Capital		(Q: Sep. 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	))
=	2252.839	-	46.916	-	( 579.297	-	max(0, 51.398	-	658.755	+	579.297	))
=	1626.626

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

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

Ocean Rig UDW's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2018		Q: Sep. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-71.52	/	( ( (1579.616 + max(26.305, 0))	+	(1580.525 + max(28.06, 0)) )	/	2 )
=	-71.52	/	( ( 1605.921	+	1608.585 )	/	2 )
=	-71.52	/	1607.253
=	-4.45 %

where Working Capital is:

	Working Capital		(Q: Jun. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(67.865	+	7.85	+	14.554)	-	(59.487	+	4.477	+	0)
=	26.305

	Working Capital		(Q: Sep. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.38	+	5.708	+	13.37)	-	(46.916	+	4.482	+	7.105427357601E-15)
=	28.06

When net working capital is negative, 0 is used.

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

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

Ocean Rig UDW's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2018 )
	=	125.975	/	2241.887
	=	5.62 %

Ocean Rig UDW EBIT Related Terms

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Ocean Rig UDW (FRA:9ORN) Business Description

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Address

Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.

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