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Avance Gas Holding (LTS:0QTX) EBIT : kr3,410 Mil (TTM As of Sep. 2024)


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What is Avance Gas Holding EBIT?

Avance Gas Holding's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was kr332 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was kr3,410 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avance Gas Holding's annualized ROC % for the quarter that ended in Sep. 2024 was 13.80%. Avance Gas Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 15.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avance Gas Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 37.03%.


Avance Gas Holding EBIT Historical Data

The historical data trend for Avance Gas Holding'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.

Avance Gas Holding EBIT Chart

Avance Gas Holding Annual Data
Trend Nov13 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 748.92 797.52 427.29 1,049.88 1,976.58

Avance Gas Holding Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 391.85 712.06 1,669.45 696.92 332.01

Competitive Comparison of Avance Gas Holding's EBIT

For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.


Avance Gas Holding's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Avance Gas Holding's EV-to-EBIT falls into.



Avance Gas Holding 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr3,410 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.


Avance Gas Holding  (LTS:0QTX) EBIT Explanation

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

Avance Gas Holding's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=1224.744 * ( 1 - 0% )/( (9044.034 + 8709.099)/ 2 )
=1224.744/8876.5665
=13.80 %

where

Invested Capital(Q: Jun. 2024 )
=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))
=11894.29 - 44.404 - ( 2847.974 - max(0, 637.03 - 3442.882+2847.974))
=9044.034

Invested Capital(Q: Sep. 2024 )
=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))
=10811.98 - 57.128 - ( 2045.753 - max(0, 3991.081 - 10266.998+2045.753))
=8709.099

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

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

Avance Gas Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1328.036/( ( (8427.11 + max(359.936, 0)) + (534.051 + max(8084.415, 0)) )/ 2 )
=1328.036/( ( 8787.046 + 8618.466 )/ 2 )
=1328.036/8702.756
=15.26 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(266.33 + 69.372 + 259.206) - (44.404 + 0 + 190.568)
=359.936

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(71.841 + 80.955 + 8068.449) - (57.128 + 0 + 79.702)
=8084.415

When net working capital is negative, 0 is used.

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

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

Avance Gas Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=3410.447/9210.342
=37.03 %

* 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.


Avance Gas Holding EBIT Related Terms

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Avance Gas Holding Business Description

Address
14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08
Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG. It operates a fleet of vessels providing customers with transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment which is liquefied petroleum gas.

Avance Gas Holding Headlines

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