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NINE (Nine Energy Service) EBIT : $9.3 Mil (TTM As of Sep. 2024)


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What is Nine Energy Service EBIT?

Nine Energy Service's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $2.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $9.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nine Energy Service's annualized ROC % for the quarter that ended in Sep. 2024 was 4.56%. Nine Energy Service's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nine Energy Service's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.39%.


Nine Energy Service EBIT Historical Data

The historical data trend for Nine Energy Service'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.

Nine Energy Service EBIT Chart

Nine Energy Service Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only -181.87 -344.65 -32.07 47.43 19.49

Nine Energy Service 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 -0.19 2.68 4.89 -1.12 2.81

Competitive Comparison of Nine Energy Service's EBIT

For the Oil & Gas Equipment & Services subindustry, Nine Energy Service'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.


Nine Energy Service's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Nine Energy Service 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 $9.3 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.


Nine Energy Service  (NYSE:NINE) EBIT Explanation

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

Nine Energy Service'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 )
=13.272 * ( 1 - -0.72% )/( (292.994 + 292.774)/ 2 )
=13.3675584/292.884
=4.56 %

where

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

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

Nine Energy Service'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 )
=11.236/( ( (115.561 + max(79.839, 0)) + (110.695 + max(87.814, 0)) )/ 2 )
=11.236/( ( 195.4 + 198.509 )/ 2 )
=11.236/196.9545
=5.70 %

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)
=(84.398 + 59.71 + 7.519) - (62.701 + 0 + 9.087)
=79.839

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(79.732 + 55.833 + 5.784) - (44.806 + 0 + 8.729)
=87.814

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=9.259/386.650
=2.39 %

* 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.


Nine Energy Service EBIT Related Terms

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Nine Energy Service Business Description

Traded in Other Exchanges
Address
2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019
Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the U.S, Canada, and other countries where majority of the revenue is generated from the United States.
Executives
Guy Sirkes officer: SVP and CFO 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Ann G Fox director, officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
David Crombie officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Theodore R. Moore officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
S. Brett Luz officer: Chief Accounting Officer 4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Ernie L Danner director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Darryl Keith Willis director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Warren Lynn Frazier 10 percent owner 5655 BEAR LANE, SUITE 100, CORPUS CHRISTI TX 78405
Clinton Roeder officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Scf Gp Llc 10 percent owner 600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Richard S. Woolston officer: Chief Accounting Officer 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Edward Bruce Morgan officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Gary L Thomas director P O BOX 4362, HOUSTON TX 772104362
Scf-vii(a), G.p., Limited Partnership 10 percent owner 600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Scf-vii(a), L.p. 10 percent owner 600 TRAVIS ST., STE. 6600, HOUSTON TX 77002