Chicago Bridge & Iron Co NV (FRA:BDZ) EBIT : €-176 Mil (TTM As of Mar. 2018)

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What is Chicago Bridge & Iron Co NV EBIT?

Chicago Bridge & Iron Co NV's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2018 was €88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2018 was €-176 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chicago Bridge & Iron Co NV's annualized ROC % for the quarter that ended in Mar. 2018 was 3.94%. Chicago Bridge & Iron Co NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 101.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chicago Bridge & Iron Co NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was -12.49%.

Chicago Bridge & Iron Co NV EBIT Historical Data

The historical data trend for Chicago Bridge & Iron Co NV'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.

Chicago Bridge & Iron Co NV EBIT Chart

Chicago Bridge & Iron Co NV Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

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504.75

803.81

-465.93

416.54

-246.92

Chicago Bridge & Iron Co NV Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
EBIT	Get a 7-Day Free Trial															75.00	-396.67	10.81	121.88	87.81

Competitive Comparison of Chicago Bridge & Iron Co NV's EBIT

For the Engineering & Construction subindustry, Chicago Bridge & Iron Co NV'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.

Chicago Bridge & Iron Co NV's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chicago Bridge & Iron Co NV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chicago Bridge & Iron Co NV's EV-to-EBIT falls into.

Chicago Bridge & Iron Co NV 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was €-176 Mil.

Chicago Bridge & Iron Co NV (FRA:BDZ) EBIT Explanation

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

Chicago Bridge & Iron Co NV's annualized ROC % for the quarter that ended in Mar. 2018 is calculated as:

	ROC % (Q: Mar. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2017 )	+	Invested Capital (Q: Mar. 2018 ))	/ count )
=	335.308 * ( 1 - 20% )	/	( (6729.382	+	6900.005)	/ 2 )
=	268.2464	/	6814.6935
=	3.94 %

where

	Invested Capital		(Q: Dec. 2017 )
=	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	))
=	5045.987	-	1216.002	-	( 299.67	-	max(0, 4446.316	-	1546.919	+	299.67	))
=	6729.382

	Invested Capital		(Q: Mar. 2018 )
=	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	))
=	4882.685	-	770.511	-	( 247.541	-	max(0, 4263.893	-	1476.062	+	247.541	))
=	6900.005

Note: The Operating Income data used here is four times the quarterly (Mar. 2018) data.

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

Chicago Bridge & Iron Co NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2017		Q: Mar. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	351.24	/	( ( (353.659 + max(-1671.443, 0))	+	(337.104 + max(-1299.085, 0)) )	/	2 )
=	351.24	/	( ( 353.659	+	337.104 )	/	2 )
=	351.24	/	345.3815
=	101.70 %

where Working Capital is:

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(641.947	+	85.829	+	135.334)	-	(1216.002	+	1077.748	+	240.803)
=	-1671.443

	Working Capital		(Q: Mar. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(621.326	+	91.625	+	197.181)	-	(770.511	+	937.338	+	501.368)
=	-1299.085

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

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

Chicago Bridge & Iron Co NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2018 )
	=	-176.174	/	1410.987
	=	-12.49 %

Chicago Bridge & Iron Co NV EBIT Related Terms

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Chicago Bridge & Iron Co NV (FRA:BDZ) Business Description

Industry

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Website

http://www.cbi.com

Founded in 1889, Chicago Bridge & Iron provides a wide range of services, including conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services, to customers in the global energy infrastructure market. It also provides diversified government services. It generated 2017 adjusted revenue and adjusted EBIT of $5.8 billion and a loss of $180 million, respectively. CB&I employs 34,000 at active projects in more than 70 countries.

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