CH Offshore (SGX:C13) EBIT : S$-11.39 Mil (TTM As of Dec. 2023)

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What is CH Offshore EBIT?

CH Offshore's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$-5.64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$-11.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CH Offshore's annualized ROC % for the quarter that ended in Dec. 2023 was -2.52%. CH Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -20.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CH Offshore's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -31.11%.

CH Offshore EBIT Historical Data

The historical data trend for CH Offshore'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.

CH Offshore EBIT Chart

CH Offshore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-18.21

-25.82

-6.84

-5.00

-11.33

CH Offshore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-5.30	0.33	-5.32	-5.75	-5.64

Competitive Comparison of CH Offshore's EBIT

For the Oil & Gas Equipment & Services subindustry, CH Offshore'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.

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

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

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

CH Offshore 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 semi-annually data reported by the company within the most recent 12 months, which was S$-11.39 Mil.

CH Offshore (SGX:C13) EBIT Explanation

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

CH Offshore'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.816 * ( 1 - 11.91% )	/	( (66.489	+	60.365)	/ 2 )
=	-1.5997144	/	63.427
=	-2.52 %

where

	Invested Capital		(Q: Jun. 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	))
=	78.855	-	8.163	-	( 9.845	-	max(0, 15.392	-	19.595	+	9.845	))
=	66.489

	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	))
=	72.571	-	9.534	-	( 6.296	-	max(0, 16.99	-	19.662	+	6.296	))
=	60.365

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

CH Offshore'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.28	/	( ( (59.26 + max(-3.068, 0))	+	(52.91 + max(-0.717, 0)) )	/	2 )
=	-11.28	/	( ( 59.26	+	52.91 )	/	2 )
=	-11.28	/	56.085
=	-20.11 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.814	+	0.775	+	0.506)	-	(8.163	+	0	+	0)
=	-3.068

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.504	+	0.954	+	0.359)	-	(9.534	+	0	+	-3.5527136788005E-15)
=	-0.717

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-11.386	/	36.604
	=	-31.11 %

CH Offshore EBIT Related Terms

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CH Offshore (SGX:C13) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CH Offshore Ltd (SGX:C13) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

12A Jalan Samulun, Singapore, SGP, 629131

Website

https://www.choffshore.com.sg

CH Offshore Ltd is a Singapore-based company. The principal activities of the company are that of investment holding and the owning and chartering of vessels. The company is engaged in offshore oil and gas exploration, development and production. It offers a wide range of services including towing, anchor-handling, the supply of deck, liquid and dry bulk cargoes, and supply of dangerous goods. The Group operates and charters vessels across the globe from Mexico, Africa, India to South-East Asia. The operations of the Group are associated with the support of offshore oil and gas industry which is the single operating segment of the group.

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