Worley (Worley) EBIT : $358 Mil (TTM As of Dec. 2023)

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What is Worley EBIT?

Worley's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $166 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $358 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Worley's annualized ROC % for the quarter that ended in Dec. 2023 was 5.23%. Worley's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 80.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Worley's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.74%.

Worley EBIT Historical Data

The historical data trend for Worley'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.

Worley EBIT Chart

Worley Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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220.14

275.36

172.02

251.58

176.51

Worley 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															110.87	142.66	-15.52	191.95	166.00

Competitive Comparison of Worley's EBIT

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

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

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

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

Worley 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 $358 Mil.

Worley (OTCPK:WYGPF) EBIT Explanation

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

Worley'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 )
=	518.072 * ( 1 - 41.71% )	/	( (6277.181	+	5276.439)	/ 2 )
=	301.9841688	/	5776.81
=	5.23 %

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	))
=	7059.06	-	489.262	-	( 292.617	-	max(0, 1627.517	-	2113.423	+	292.617	))
=	6277.181

	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	))
=	6915.663	-	1254.351	-	( 384.873	-	max(0, 1743.641	-	2206.158	+	384.873	))
=	5276.439

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:

Worley'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 )
=	331.994	/	( ( (424.832 + max(-566.442, 0))	+	(402.276 + max(-627.844, 0)) )	/	2 )
=	331.994	/	( ( 424.832	+	402.276 )	/	2 )
=	331.994	/	413.554
=	80.28 %

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)
=	(817.45	+	31.544	+	151.678)	-	(489.262	+	0	+	1077.852)
=	-566.442

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(876.841	+	30.12	+	151.272)	-	(1254.351	+	0	+	431.726)
=	-627.844

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	357.943	/	6237.684
	=	5.74 %

Worley EBIT Related Terms

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Worley (Worley) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Worley Ltd (OTCPK:WYGPF) » Definitions » EBIT

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WYGPY:USA WOR:Australia

Address

141 Walker Street, Level 17, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.worley.com

Worley is a leading global provider of professional services, such as engineering, procurement, and construction management, to the oil, gas, mining, power, and infrastructure sectors. Purchase of Jacobs ECR in April 2019 reduced revenue contribution from hydrocarbons to just over 50%, from a prior 75%-80% position. Metals and mining contributes 23% and infrastructure and chemicals the balance. Worley has a global presence with about 59,000 staff in more than 50 countries. It has a strong presence in many developing economies, including Africa.