ADNOC Logistics & Services (ADX:ADNOCLS) EBIT : د.إ Mil (TTM As of Dec. 2023)

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What is ADNOC Logistics & Services EBIT?

ADNOC Logistics & Services's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was د.إ2,325 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ADNOC Logistics & Services's annualized ROC % for the quarter that ended in Dec. 2023 was 14.11%. ADNOC Logistics & Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

ADNOC Logistics & Services EBIT Historical Data

The historical data trend for ADNOC Logistics & 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.

ADNOC Logistics & Services EBIT Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

230.39

1,104.16

2,324.76

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
EBIT	230.39	1,104.16	2,324.76

Competitive Comparison of ADNOC Logistics & Services's EBIT

For the Marine Shipping subindustry, ADNOC Logistics & 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.

ADNOC Logistics & Services's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's EV-to-EBIT falls into.

ADNOC Logistics & 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ Mil.

ADNOC Logistics & Services (ADX:ADNOCLS) EBIT Explanation

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

ADNOC Logistics & Services'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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2214.179 * ( 1 - 0.37% )	/	( (14096.69	+	17167.547)	/ 2 )
=	2205.9865377	/	15632.1185
=	14.11 %

where

	Invested Capital		(Q: Dec. 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	))
=	16559.758	-	1857.262	-	( 605.806	-	max(0, 2205.577	-	3516.316	+	605.806	))
=	14096.69

	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	))
=	21104.074	-	3144.219	-	( 792.308	-	max(0, 3696.405	-	5461.746	+	792.308	))
=	17167.547

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

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

ADNOC Logistics & Services'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: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2324.763	/	( ( (11822.02 + max(-1324.669, 0))	+	(14525.735 + max(-2300.701, 0)) )	/	2 )
=	2324.763	/	( ( 11822.02	+	14525.735 )	/	2 )
=	2324.763	/	13173.8775
=	17.65 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(429	+	387.763	+	28.267)	-	(1857.262	+	0	+	312.437)
=	-1324.669

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(374.456	+	443.41	+	415.075)	-	(3144.219	+	0	+	389.423)
=	-2300.701

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

ADNOC Logistics & Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=		/	30876.467
	=	%

ADNOC Logistics & Services EBIT Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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