FLSS (Forbes Energy Services) EBIT: $-94.0 Mil (TTM As of Mar. 2020)

What is Forbes Energy Services EBIT?

Forbes Energy Services FLSS -90.00% 16 EBIT is $-94.0 Mil as of Mar. 2020. GuruFocus rates FLSS with a GF Score™ of 16/100.

Forbes Energy Services's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2020 was $-54.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2020 was $-94.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forbes Energy Services's annualized ROC % for the quarter that ended in Mar. 2020 was -20.97%. Forbes Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was -184.64%.

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

Forbes Energy Services (OTCPK:FLSS) EBIT Explanation

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

Forbes Energy Services'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 )
=	-41.012 * ( 1 - 0.17% )	/	( (220.59	+	169.936)	/ 2 )
=	-40.9422796	/	195.263
=	-20.97 %

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	))
=	190.265	-	23.053	-	( 5.224	-	max(0, 98.669	-	45.291	+	5.224	))
=	220.59

	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	))
=	133.47	-	25.647	-	( 8.12	-	max(0, 100.182	-	38.069	+	8.12	))
=	169.936

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

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

Forbes Energy Services'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 )
=	-216.66	/	( ( (131.644 + max(12.631, 0))	+	(86.597 + max(3.812, 0)) )	/	2 )
=	-216.66	/	( ( 144.275	+	90.409 )	/	2 )
=	-216.66	/	117.342
=	-184.64 %

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)
=	(24.789	+	0	+	12.976)	-	(23.053	+	2.081	+	0)
=	12.631

	Working Capital		(Q: Mar. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.45	+	0	+	10.009)	-	(25.647	+	0	+	1.4210854715202E-14)
=	3.812

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:

Forbes Energy Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2020 )
	=	-93.968	/	0.000
	=	%

* 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.

Forbes Energy Services EBIT Related Terms

Forbes Energy Services EBIT Historical Data

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The historical data trend for Forbes Energy Services's EBIT can be seen below:

Forbes Energy Services EBIT Chart

Forbes Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

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-34.73

-81.08

0.00

-21.85

-43.82

Forbes Energy Services 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															-4.01	-5.01	-25.35	-9.44	-54.17

FLSS vs CRRTQ, HOSSQ, BANM: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, Forbes Energy 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.

Forbes Energy Services EV-to-EBIT vs Oil & Gas Industry

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

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

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16GF Score

Forbes Energy Services Ltd FLSS

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Forbes Energy 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.

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 $-94.0 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-94.0 Mil mean?

Forbes Energy Services (FLSS) has a EBIT of $-94.0 Mil as of Mar. 2020. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forbes Energy Services.

Is Forbes Energy Services' EBIT too high?

Forbes Energy Services' current EBIT is $-94.0 Mil. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Forbes Energy Services' EBIT compare to CRRTQ and HOSSQ?

Forbes Energy Services' EBIT of $-94.0 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forbes Energy Services. Forbes Energy Services's current EBIT is $-94.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Forbes Energy Services stock overvalued right now?

Forbes Energy Services (FLSS) has a current EBIT of $-94.0 Mil. The current EBIT is $-94.0 Mil. Forbes Energy Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Forbes Energy Services (FLSS), the current EBIT is $-94.0 Mil as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forbes Energy Services Business Description

Industry Energy Oil & Gas

Comparable Companies CRRTQ HOSSQ BANM SYNE SMGI ALYE SLB BKR HAL SHSE:601808 MIL:TEN XAMS:VPK NOV XKLS:7277 SZSE:002353 SHSE:600968 XPAR:FTI ASX:WOR SHSE:600583 XPAR:GTT

Address 3000 South Business Highway 281, Alice, TX, USA, 78332

Website http://www.forbesenergyservices.com

Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.

16GF Score

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