Helix Energy Solutions Group (Helix Energy Solutions Group) EBIT : $9 Mil (TTM As of Dec. 2023)

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What is Helix Energy Solutions Group EBIT?

Helix Energy Solutions Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Helix Energy Solutions Group's annualized ROC % for the quarter that ended in Dec. 2023 was 7.52%. Helix Energy Solutions Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.41%.

Helix Energy Solutions Group EBIT Historical Data

The historical data trend for Helix Energy Solutions Group'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.

Helix Energy Solutions Group EBIT Chart

Helix Energy Solutions Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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76.50

30.74

-47.15

-55.01

28.87

Helix Energy Solutions Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-2.31	15.27	28.73	-12.81	-22.51

Competitive Comparison of Helix Energy Solutions Group's EBIT

For the Oil & Gas Equipment & Services subindustry, Helix Energy Solutions Group'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.

Helix Energy Solutions Group's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Helix Energy Solutions Group's EV-to-EBIT falls into.

Helix Energy Solutions Group 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 $9 Mil.

Helix Energy Solutions Group (NYSE:HLX) EBIT Explanation

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

Helix Energy Solutions Group'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 )
=	105.228 * ( 1 - -44.47% )	/	( (2042.423	+	2001.912)	/ 2 )
=	152.0228916	/	2022.1675
=	7.52 %

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	))
=	2434.752	-	227.627	-	( 168.37	-	max(0, 390.275	-	554.977	+	168.37	))
=	2042.423

	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	))
=	2556.036	-	304.901	-	( 332.191	-	max(0, 448.618	-	697.841	+	332.191	))
=	2001.912

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

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

Helix Energy Solutions Group'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 )
=	-51.236	/	( ( (1756.52 + max(61.371, 0))	+	(1742.082 + max(22.162, 0)) )	/	2 )
=	-51.236	/	( ( 1817.891	+	1764.244 )	/	2 )
=	-51.236	/	1791.0675
=	-2.86 %

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)
=	(308.023	+	0	+	73.683)	-	(227.627	+	18.635	+	74.073)
=	61.371

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(280.427	+	0	+	79.399)	-	(304.901	+	32.763	+	0)
=	22.162

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:

Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8.679	/	2094.533
	=	0.41 %

Helix Energy Solutions Group EBIT Related Terms

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Helix Energy Solutions Group (Helix Energy Solutions Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helix Energy Solutions Group Inc (NYSE:HLX) » Definitions » EBIT

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Traded in Other Exchanges

CTV:Germany CTV:Germany

Address

3505 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77043

Website

https://www.helixesg.com

Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with an emphasis on well intervention and robotics operations. Helix provides services primarily in deepwater in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa regions. It has four segments Well Intervention, Robotics Production Facilities and Shallow Water Abandonment. the Well Intervention segment includes vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico, the North Sea and Brazil. It derives the majority of its revenue from the US.

Executives

Diana Glassman	director	3505 W SAM HOUSTON PKWY N, SUITE 400, HOUSTON TX 77043
Scott Andrew Sparks	officer: EVP - Operations	3505 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON TX 77043
John Lovoi	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Paula Harris	director	3055 TORRINGTON DRIVE, BALL GROUND GA 30107
Brent Alexander Arriaga	officer: CAO and Corporate Controller	12330 BROKEN BOUGH DR, HOUSTON TX 77024
Thomas Mitchell Little	director	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Owen E Kratz	director, officer: CHAIRMAN & CEO	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Erik Staffeldt	officer: VP - Finance and Accounting	3505 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON TX 77043
Nancy K Quinn	director	P O BOX 650205, DALLAS TX 75265
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Kenneth English Neikirk	officer: SVP, Gen Counsel & Secretary	3505 W. SAM HOUSTON PARKWAY N., SUITE 400, HOUSTON TX 77043
William L Transier	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Alisa B Johnson	officer: SVP, GEN COUNSEL & CORP SEC	3505 SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Amerino Gatti	director	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Geoffrey C. Wagner	officer: EVP and CCO	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084