Essential Energy Services (Essential Energy Services) EBIT : $1.4 Mil (TTM As of Jun. 2023)

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What is Essential Energy Services EBIT?

Essential Energy Services's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-3.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $1.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Essential Energy Services's annualized ROC % for the quarter that ended in Jun. 2023 was -15.89%. Essential Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -14.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Essential Energy Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.14%.

Essential Energy Services EBIT Historical Data

The historical data trend for Essential Energy Services'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.

Essential Energy Services EBIT Chart

Essential Energy Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-7.86

-1.60

-13.90

-8.06

-0.59

Essential Energy Services Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial															-1.07	4.09	-0.88	1.65	-3.45

Competitive Comparison of Essential Energy Services's EBIT

For the Oil & Gas Equipment & Services subindustry, Essential Energy Services'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.

Essential Energy Services's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Essential Energy Services 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.4 Mil.

Essential Energy Services (OTCPK:EEYUF) EBIT Explanation

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

Essential Energy Services's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-15.624 * ( 1 - 0% )	/	( (98.305	+	98.33)	/ 2 )
=	-15.624	/	98.3175
=	-15.89 %

where

	Invested Capital		(Q: Mar. 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	))
=	113.756	-	14.152	-	( 1.299	-	max(0, 17.799	-	53.618	+	1.299	))
=	98.305

	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	))
=	110.312	-	10.361	-	( 1.621	-	max(0, 14.463	-	49.414	+	1.621	))
=	98.33

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

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

Essential Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-13.784	/	( ( (60.139 + max(37.11, 0))	+	(60.897 + max(35.562, 0)) )	/	2 )
=	-13.784	/	( ( 97.249	+	96.459 )	/	2 )
=	-13.784	/	96.854
=	-14.23 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24.121	+	26.722	+	1.322)	-	(14.152	+	0	+	0.903)
=	37.11

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.549	+	28.367	+	2.746)	-	(10.361	+	0	+	1.739)
=	35.562

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Essential Energy Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	1.417	/	45.169
	=	3.14 %

Essential Energy Services EBIT Related Terms

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Essential Energy Services (Essential Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Essential Energy Services Ltd (OTCPK:EEYUF) » Definitions » EBIT

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Traded in Other Exchanges

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Address

250 - 2nd Street SW, Suite 1100, Livingston Place West, Calgary, AB, CAN, T2P 0C1

Website

https://www.essentialenergy.ca

Essential Energy Services Ltd provides oilfield services to oil and natural gas producers, primarily in Western Canada. It operates through two segments: The Essential Coil Well Service segment provides completion, production, and workover services with its fleet of coiled tubing rigs, fluid pumpers, nitrogen pumpers, and ancillary equipment. Tryton segment provides downhole tools and rental services in Canada and the U.S. The majority of revenue is from the ECWS segment.