Civeo (CVEO) EBIT : $53.5 Mil (TTM As of Dec. 2023)

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What is Civeo EBIT?

Civeo's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $32.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $53.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Civeo's annualized ROC % for the quarter that ended in Dec. 2023 was -0.01%. Civeo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 46.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Civeo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.79%.

Civeo EBIT Historical Data

The historical data trend for Civeo'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.

Civeo EBIT Chart

Civeo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-41.69

-126.73

18.84

22.21

53.54

Civeo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-11.36	-1.42	10.65	11.37	32.94

Competitive Comparison of Civeo's EBIT

For the Specialty Business Services subindustry, Civeo'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.

Civeo's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Civeo's EV-to-EBIT distribution charts can be found below:

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

Civeo 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 $53.5 Mil.

Civeo (NYSE:CVEO) EBIT Explanation

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

Civeo'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 )
=	-0.06 * ( 1 - 25.46% )	/	( (474.675	+	475.54)	/ 2 )
=	-0.044724	/	475.1075
=	-0.01 %

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	))
=	556.594	-	74.102	-	( 7.817	-	max(0, 125.293	-	190.629	+	7.817	))
=	474.675

	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	))
=	548.062	-	69.199	-	( 3.323	-	max(0, 114.236	-	175.246	+	3.323	))
=	475.54

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

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

Civeo'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 )
=	131.756	/	( ( (276.302 + max(-1.717, 0))	+	(282.849 + max(7.992, 0)) )	/	2 )
=	131.756	/	( ( 276.302	+	290.841 )	/	2 )
=	131.756	/	283.5715
=	46.46 %

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)
=	(87.567	+	6.272	+	22.594)	-	(74.102	+	6.884	+	37.164)
=	-1.717

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(93.527	+	6.982	+	21.719)	-	(69.199	+	4.849	+	40.188)
=	7.992

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	53.54	/	453.942
	=	11.79 %

Civeo EBIT Related Terms

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Civeo (CVEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Civeo Corp (NYSE:CVEO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

44C1:Germany

Address

333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002

Website

https://www.civeo.com

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

Executives

Moore Constance B	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Lance Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Martin Lambert	director	333 CLAY STREET, STE 4980, HOUSTON TX 77002
Allan Schoening	officer: See Remarks	333 CLAY STREET, #4980, HOUSTON TX 77002
Peter Mccann	officer: Sr. Vice President, Australia	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Jagdish Grewal	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77065
Michael Montelongo	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Bradley J Dodson	director, officer: President, CEO, and Director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Barclay Brewer	officer: Vice President and Controller	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Ronald Gilbertson	director	333 CLAY STREET, HOUSTON TX 77002
Tammy Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Torgerson Family Trust	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Timothy O Wall	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Frank Steininger	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Mike Ridley	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002