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Helmerich & Payne EBIT

: $-224 Mil (TTM As of Mar. 2022)
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Helmerich & Payne's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $-224 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Helmerich & Payne's annualized ROC % for the quarter that ended in Mar. 2022 was -7.87%. Helmerich & Payne's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 0.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Helmerich & Payne's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -4.48%.

Helmerich & Payne EBIT Historical Data

The historical data trend for Helmerich & Payne'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.

Helmerich & Payne Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -164.85 40.11 -26.03 -612.02 -417.23

Helmerich & Payne Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -154.16 -74.40 -98.76 -52.79 2.44

Helmerich & Payne 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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-224 Mil.

* 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.

Helmerich & Payne  (NYSE:HP) EBIT Explanation

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

Helmerich & Payne's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

ROC % (Q: Mar. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Mar. 2022 ))/ count )
=-118.872 * ( 1 - -136.89% )/( (3552.014 + 3606.169)/ 2 )
=-281.5958808/3579.0915
=-7.87 %

where

Invested Capital(Q: Dec. 2021 )
=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))
=4392.254 - 398.976 - ( 441.264 - max(0, 398.976 - 954.694+441.264))
=3552.014

Invested Capital(Q: Mar. 2022 )
=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))
=4334.35 - 377.598 - ( 350.583 - max(0, 377.598 - 918.496+350.583))
=3606.169

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

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

Helmerich & Payne's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9.752/( ( (2692.591 + max(114.454, 0)) + (3022.744 + max(190.315, 0)) )/ 2 )
=9.752/( ( 2807.045 + 3213.059 )/ 2 )
=9.752/3010.052
=0.32 %

where Working Capital is:

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(282.381 + 87.272 + 143.777) - (398.976 + 0 + 0)
=114.454

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(329.572 + 83.588 + 154.753) - (377.598 + 0 + 0)
=190.315

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

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

Helmerich & Payne's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2022 )
=-223.511/4993.547
=-4.48 %

* 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.

Helmerich & Payne EBIT Related Terms

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Helmerich & Payne Business Description

Helmerich & Payne logo
Industry
Energy » Oil & Gas NAICS : 213111 SIC : 1381
Comparable Companies
SHSE:600871 NAS:PTEN NYSE:RIG OCSE:DRLCO NYSE:NE NYSE:NBR ADX:ADNOCDRILL TSX:PD OSL:ODL OSL:BORR
Traded in Other Exchanges
0J4G:UK HPC:Germany HPC:Germany
Address
1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119
Website
https://www.helmerichpayne.com
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.
Executives
Adams Raymond John Iii officer: VP Digital Ops Marketing Sales 1437 S. BOULDER AVE. SUITE 1400 TULSA OK 74119
Smith Mark W. officer: Senior VP and CFO 15835 PARK TEN PLACE DRIVE HOUSTON TX 77084
Mas Jose Ramon director 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Rust Edward B Jr director MCGRAW-HILL COMPANIES 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020
Bellinger Delaney Murchison director 524 E. 24TH STREET HOUSTON TX 77008
Cramton Kevin G. director 502 SAINT DAVIDS AVENUE WAYNE PA 19087
Petrie Thomas A. director 1437 S. BOULDER AVE., SUITE 1400 TULSA OK 74119
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Zeglis John D director 7277 164TH AVE NE BLDG1 REDMOND WA 98052
Foutch Randy A director 15 W. SIXTH STREET SUITE, 1800 TULSA OK 74119
Robillard Donald F Jr director 1437 S. BOULDER AVE. TULSA OK 74119
Vandeweghe Mary M director 1601 W. DIEHL ROAD NAPERVILLE IL 60563
Benson Todd Willard officer: President of H&P Technologies 1437 S. BOULDER AVENUE SUITE 1400 TULSA OK 74119
Bell John R. officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE. TULSA OK 74119
Lennox Michael officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE., SUITE 140 TULSA OK 74119

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