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Weatherford International (Weatherford International) EBIT : $648 Mil (TTM As of Mar. 2024)


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What is Weatherford International EBIT?

Weatherford International's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $225 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $648 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Weatherford International's annualized ROC % for the quarter that ended in Mar. 2024 was 20.96%. Weatherford International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 47.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Weatherford International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 26.51%.


Weatherford International EBIT Historical Data

The historical data trend for Weatherford International'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.

Weatherford International EBIT Chart

Weatherford International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,181.00 -1,563.00 -83.00 348.00 688.00

Weatherford International 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 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 166.00 121.00 218.00 84.00 225.00

Competitive Comparison of Weatherford International's EBIT

For the Oil & Gas Equipment & Services subindustry, Weatherford International'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.


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

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

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



Weatherford International 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $648 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.


Weatherford International  (OTCPK:WFTLF) EBIT Explanation

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

Weatherford International's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=932 * ( 1 - 32.42% )/( (2906 + 3105)/ 2 )
=629.8456/3005.5
=20.96 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Weatherford International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=900/( ( (1095 + max(735, 0)) + (1123 + max(836, 0)) )/ 2 )
=900/( ( 1830 + 1959 )/ 2 )
=900/1894.5
=47.51 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1216 + 788 + 383) - (1204 + 0 + 448)
=735

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1251 + 850 + 387) - (1161 + 0 + 491)
=836

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=648/2444.490
=26.51 %

* 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.


Weatherford International EBIT Related Terms

Thank you for viewing the detailed overview of Weatherford International's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Weatherford International (Weatherford International) Business Description

Traded in Other Exchanges
Address
2000 St. James Place, Houston, TX, USA, 77056
Weatherford International provides diversified oilfield services worldwide for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.
Executives
Benjamin Duster director 200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Christian A Garcia officer: Chief Financial Officer 3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
Frederico Justus officer: President - Eastern Hemisphere 2000 ST. JAMES PLACE, HOUSTON TX 77056
Mark D Swift officer: President - Western Hemisphere 2000 ST. JAMES PLACE, HOUSTON TX 77056
Karl Blanchard officer: EVP and COO 777 N.W. 63RD ST., OKLAHOMA CITY OK 73116
John F Glick director TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Neal P Goldman director 10700 PARKRIDGE BLVD., RESTON VA 20191
Bates Thomas R Jr director TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Charles M Sledge director 1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Gordon T Hall director 3300 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032-3411
Jacqueline C Mutschler director 2000 ST. JAMES PLACE, HOUSTON TX 77056
Christina M Ibrahim officer: EVP, GC, CCO & Secretary 2000 ST. JAMES PLACE, HOUSTON TX 77056
Stuart Fraser officer: Chief Accounting Officer 2000 SAINT JAMES PLACE, HOUSTON TX 77056
Mark A Mccollum director, officer: President and CEO 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77002
Christoph Bausch officer: EVP and CFO 2000 ST. JAMES PLACE, HOUSTON TX 77056

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