Era Group (Era Group) EBIT : $-2.3 Mil (TTM As of Mar. 2020)

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What is Era Group EBIT?

Era Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2020 was $-4.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2020 was $-2.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Era Group's annualized ROC % for the quarter that ended in Mar. 2020 was -2.16%. Era Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was -3.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Era Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was -2.09%.

Era Group EBIT Historical Data

The historical data trend for Era 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.

Era Group EBIT Chart

Era Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

Get a 7-Day Free Trial

37.49

-2.03

-135.94

29.32

-0.87

Era Group Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
EBIT	Get a 7-Day Free Trial															-3.24	-1.21	1.92	1.65	-4.68

Competitive Comparison of Era Group's EBIT

For the Oil & Gas Equipment & Services subindustry, Era 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.

Era Group's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Era 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 Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.3 Mil.

Era Group (NYSE:ERA) EBIT Explanation

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

Era Group's annualized ROC % for the quarter that ended in Mar. 2020 is calculated as:

	ROC % (Q: Mar. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Mar. 2020 ))	/ count )
=	-14.808 * ( 1 - 10.23% )	/	( (618.005	+	612.106)	/ 2 )
=	-13.2931416	/	615.0555
=	-2.16 %

where

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	764.515	-	29.144	-	( 117.366	-	max(0, 50.776	-	195.861	+	117.366	))
=	618.005

	Invested Capital		(Q: Mar. 2020 )
=	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	))
=	752.51	-	26.886	-	( 113.518	-	max(0, 48.097	-	193.892	+	113.518	))
=	612.106

Note: The Operating Income data used here is four times the quarterly (Mar. 2020) data.

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

Era Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2019		Q: Mar. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-18.724	/	( ( (566.367 + max(27.755, 0))	+	(556.8 + max(33.013, 0)) )	/	2 )
=	-18.724	/	( ( 594.122	+	589.813 )	/	2 )
=	-18.724	/	591.9675
=	-3.16 %

where Working Capital is:

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(37.964	+	20.066	+	2.184)	-	(29.144	+	0	+	3.315)
=	27.755

	Working Capital		(Q: Mar. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(39.856	+	19.941	+	3.412)	-	(26.886	+	0	+	3.31)
=	33.013

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2020 )
	=	-2.317	/	111.071
	=	-2.09 %

Era Group EBIT Related Terms

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Era Group (Era Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Era Group Inc (NYSE:ERA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

945 Bunker Hill Road, Suite 650, Houston, TX, USA, 77024

Website

https://www.eragroupinc.com

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; Alaska flightseeing tours; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities. The company also leases helicopters to third parties and foreign affiliates; engineers, manufactures, and distributes after-market helicopter parts and accessories; and provides classroom instruction, flight simulator, and other training services.